Investor Relations
Notice of Extraordinary General Meeting of Clavister AB
Clavister AB will hold an Extraordinary General Meeting on Wednesday, December 17, 2025, at 13:00 CET at the company’s offices at Sjögatan 6J in Örnsköldsvik.
Financial Reports
Clavister Q1
2026
Interim Report
Clavister’s Q1 Interim Report 2026 was published on May 7, 2026 at 8:00 am. The report will be presented at 9:00 am by our CEO, John Vestberg and our CFO, David Nordström.
The report and disclosed related materials are available below on this page. Clavister publishes its financial results five times a year through four quarterly interim reports and an annual report. The interim report for the fourth quarter is accompanied by a company announcement summing up the financial results for both fourth quarter and full year. You can see the dates for upcoming reports in the financial calendar.
| NAME | ENGLISH | SVENSKA | PRESENTATION |
|---|---|---|---|
| Interim Report Q1 2026 | Download English | Ladda Ner Rapport | Watch |
| NAME | ENGLISH | SVENSKA | PRESENTATION |
|---|---|---|---|
| Annual Report 2025 | Download English | Ladda Ner Rapport | |
| Year-End Report 2025 | Download English | Ladda Ner Rapport | Watch |
| Interim Report Q3 2025 | Download English | Ladda Ner Rapport | Watch |
| Interim Report Q2 2025 | Download English | Ladda Ner Rapport | Watch |
| Interim Report Q1 2025 | Download English | Ladda Ner Rapport | Watch |
| Name | English | Swedish | Presentation |
|---|---|---|---|
| Annual Report 2024 | Download English | Download Swedish | |
| Interim Report Q4 2024 | Download English | Download Swedish | Watch |
| Interim Report Q3 2025 | Download English | Download Swedish | Watch |
| Interim Report Q2 2024 | Download English | Download Swedish | Watch |
| Interim Report Q1 2024 | Download English | Download Swedish | Watch |
| Name | English | Swedish | Presentation |
|---|---|---|---|
| Annual Report 2023 | Download English | Download Swedish | |
| Interim Report Q4 2023 | Download English | Download Swedish | Watch |
| Interim Report Q3 2023 | Download English | Download Swedish | Watch |
| Interim Report Q2 2023 | Download English | Download Swedish | Watch |
| Interim Report Q1 2023 | Download English | Download Swedish | Watch |
| Name | English | Swedish | Presentation |
|---|---|---|---|
| Annual Report 2022 | Download English | Download Swedish | |
| Interim Report Q4 2022 | Download English | Download Swedish | Watch |
| Interim Report Q3 2022 | Download English | Download Swedish | Watch |
| Interim Report Q2 2022 | Download English | Download Swedish | Watch |
| Interim Report Q1 2022 | Download English | Download Swedish | Watch |
| Name | English | Swedish | Presentation |
|---|---|---|---|
| Annual Report 2021 | Download English | Download Swedish | |
| Interim Report Q4 2021 | Download English | Download Swedish | Watch |
| Interim Report Q3 2021 | Download English | Download Swedish | Watch |
| Interim Report Q2 2021 | Download English | Download Swedish | Watch |
| Interim Report Q1 2021 | Download English | Download Swedish | Watch |
Årsredovisning 2020 
Annual Report 2020Commission Research
Clavister and the Clavister share (CLAV.ST) are being followed and analysed by ABG Sundal Collier, via commissioned research (sw. “Uppdragsanalys”). Their respective reports and updates on Clavister can be found here. Disclaimer: All forward looking statements or estimates regarding Clavister in their respective reports are their own conclusions and have not been confirmed by Clavister. Clavister do not hand out any financial future guidance.
Financial Calendar
| Name | Description | Date |
|---|---|---|
| Annual General Meeting | Financial Year 2025 | May 19, 2026 |
| Interim Report Q2 2026 | April to June 2026 | August 20, 2026 |
| Interim Report Q3, 2026 | July to September 2026 | November 12, 2026 |
| Interim Report Q4 2026 | October to December 2026 | February 11, 2027 |
The Share
Share related programs (warrants)
and convertible loans
Holders of warrants will be entitled to subscribe for one new share in the company for each warrant.
The number of open warrants issued amounts to a total of 12,519,801 warrants.
| Warrants | Number issued | Redeemed / Due | Open | Share Price, SEK |
|---|---|---|---|---|
| TO 2016 - 2026-11-28 | 19 801 | 0 | 19 801 | 0,1 |
| TO 2024 - 2027-06-30 | 12 500 000 | 0 | 12 500 000 | 2,00 |
| Total | 12 519 801 | 0 | 12 519 801 |
Norrlandsfonden currently has a convertible debenture of 10MSEK. In case of conversion, approximately 1 782 532 shares in Clavister AB will be added and the conversion price amounts to 5.61 SEK. The maturity date of the convertible is in 2027-05-31. The interest rate is based on STIBOR 90 + 2,5%.
| Convertible loan | Number issued | Redeemed / Due | Open | Share Price, SEK |
|---|---|---|---|---|
| Norrlandsfonden 2027-05-31 | 1 782 532 | 0 | 1 782 532 | 5.61 |
| Total | 1 782 532 | 0 | 1 782 532 |
Key Metrics
Definitions
| Financial term | Definition |
|---|---|
| Adjusted EBIT - Earnings Before Interest and Tax | Financial Year 2025Earnings Before Interest and Taxes and adjusted for by non-recurring revenue/expenses and items affecting comparability. |
| Adjusted EBIT margin | Adjusted EBIT as a percentage of revenues. |
| Adjusted EBITDA | Earnings Before Interest, Taxes, Depreciation and Amortization and adjusted for by non-recurring revenue/expenses and items affecting comparability. |
| Adjusted EBITDA margin | Adjusted EBITDA as a percentage of revenues. |
| Annual Recurring Revenue (ARR) | Total sum of the annual value of all active licenses and support contracts as per the quarter end date. These revenues are expected to continue in the future. Unlike one-off sales, these revenues are predictable, stable and can be counted on to occur at regular intervals going forward with a relatively high degree of certainty and with a relatively low cost of sales. |
| ARR growth | Change in ARR compared with the corresponding period in the previous year, expressed as a percentage. |
| Average number of shares outstanding | The weighted average number of shares outstanding before or after dilution. The dilutive effects arise from the stock options that are settled in shares in the share based incentive programs and the convertible loan with Norrlandsfonden. The stock options have a dilutive effect when the average share price during the period exceeds the exercise price of the options. |
| Contract renewals | Total net sum of renewals of existing license agreements in the period. |
| Currency-adjusted net sales | Net sales translated using comparable exchange rates between periods. |
| Currency-adjusted net sales groth | Change in currency-adjusted net sales compared with the corresponding period in the previous year, expressed as a percentage. |
| Debt/equity ratio | Net indebtedness in relation to equity, including non-controlling interests. |
| Earnings per share | Profit for the period attributable to owners of the parent divided by the average number of shares outstanding. |
| EBIT - Earnings Before Interest and Tax | Earnings Before Interest and Taxes. |
| EBIT margin | EBIT as a percentage of revenues. |
| EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization | Earnings Before Interest, Taxes, Depreciation and Amortization. |
| EBITDA margin | EBITDA as a percentage of revenues. |
| Equity per share | Equity including non-controlling interests divided by the average number of shares outstanding. |
| Equity/assets ratio | Equity including non-controlling interests, as a percentage of total assets. |
| Financial items | Interest expense less interest income. |
| Gross margin | Gross profit as a percentage of revenue. |
| Gross profit | Revenue less cost of godds and services sold. |
| Interest coverage ratio | Profit before tax plus interest paid and foreign exchange differences divided by interest paid and foreign exchange differences. |
| Net debt | Interest-bearing liabilities less cash and cash equivalents. |
| Net debt/EBITDA ratio | Net indebtedness in relation to EBITDA. |
| Net sales | Net sales from contracts with customers in accordance with IFRS. |
| Net sales growth | Change in net sales compared with the corresponding period in the previous year, expressed as a percentage. |
| Operating cash flow | Cash flow from operations and cash flow from investments, excluding company acquisitions/divestments. |
| Order backlog | The net value of orders recorded and not invoiced. Recording of orders is only done for orders that meet certain criteria and the order book balance is monitored continuously. Adjustments of the net order book value may occur from time to time due to for instance currency fluctuations, cancellations, or other minor adjustments of previously recorded orders. |
| Order intake | The total value of customer orders received during the period. |
| Order intake growth | Change in order intake compared with the corresponding period in the previous year, expressed as a percentage. |
| Profit margin | Profit before tax as a percentage of revenues. |
| Weighted average cost of capital (WACC) | WACC is calculated as the weighted average cost of equity and interest-bearing debt after tax, based on market-based return requirements and the Company’s assessed capital structure. |
Contact Investor Relations
Clavister is committed to maintaining an open, and professional dialogue with the equity and debt markets. If you have any questions and feedback, please don’t hesitate to contact us using the contact form below.