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 Q2
2026
Interim Report
Clavister’s Q2 Interim Report 2026 was published on August 20, 2026 at 8:00 am. The report was 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 | RECORDING | PRESENTATION |
|---|---|---|---|---|
| Interim Report Q2 2026 | Download English | Ladda Ner Rapport | Watch | Download Presentation |
| Interim Report Q1 2026 | Download English | Ladda Ner Rapport | Watch | Download Presentation |
| 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 |
|---|---|---|
| Interim Report Q3, 2026 | July to September 2026 | November 12, 2026 |
| Interim Report Q4 2026 | October to December 2026 | February 11, 2027 |
| Interim Report Q1 2027 | January to March 2027 | May 13, 2027 |
| Interim Report Q2 2027 | April to June 2027 | August 19, 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
| 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 net sales. |
| 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 net sales. |
| 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 net sales. |
| EBITDA - Earnings Before Interest, Taxes, Depreciation and Amortization | Earnings Before Interest, Taxes, Depreciation and Amortization. |
| EBITDA margin | EBITDA as a percentage of net sales. |
| 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 total revenue. |
| Gross profit | Revenue less cost of goods 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. |
| Finansiella mått | Definition |
|---|---|
| Årligen återkommande intäkter (ARR) vid periodens slut | Summan av det årliga värdet på samtliga, aktiva licens- och supportavtal per den sista i kvartalet. Dessa intäkter förväntas återkomma i framtiden. Till skillnad från intäkter av engångskaraktär är återkommande intäkter förutsägbara, stabila och förväntas uppstå med jämna perioder med en relativt hög sannolikhet och med relativt låg försäljningskostnad. |
| ARR-tillväxt | Förändring i ARR jämfört med motsvarande period föregående år, uttryckt i procent. |
| Avtalsförnyelse | Summan av befintliga licensavtal som har förnyats i perioden. |
| Bruttomarginal | Bruttoresultat i relation till intäkter, uttryckt i procent. |
| Bruttoresultat | Nettomsättning minus kostnad för sålda varor och tjänster. |
| EBIT - Earnings Before Interest and Tax | Rörelseresultat före finansiella intäkter och kostnader samt skatt. |
| EBIT marginal | EBIT i procent av omsättningen |
| EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization | Rörelseresultat före av- och nedskrivningar, finansiella intäkter och kostnader samt skatt. |
| EBITDA marginal | EBITDA i procent av omsättning. |
| Eget kapital per aktie | Eget kapital, inklusive innehav utan bestämmande inflytande, dividerat med genomsnittligt antal utestående aktier. |
| Finansiella intäkter och kostnader | Räntekostnader minus ränteintäkter. |
| Genomsnittlig kapitalkostnad (WACC) | WACC beräknas som den vägda genomsnittliga kostnaden för eget kapital och räntebärande skulder efter skatt, baserat på marknadsmässiga avkastningskrav och Bolagets bedömda kapitalstruktur. |
| Genomsnittligt antal utestående aktier | Vägt genomsnittligt antal utestående aktier före eller efter utspädning. Utspädningseffekterna uppkommer på grund av aktieoptioner som kan regleras med aktier eller som enligt de anställdas val kan regleras med aktier i de aktiebaserade incitamentsprogrammen samt det konvertibla förlagslånet med Norrlandsfonden. Aktieoptionerna har en utspädningseffekt när den genomsnittliga aktiekursen under perioden överstiger optionernas lösenpris. |
| Justerad EBIT - Earnings Before Interest and Tax | Rörelsereusltat före finansiella intäkter och kostnader samt skatt, justerat för intäkter/kostnader av engångskaraktär samt jämförelsestörande poster. |
| Justerad EBIT marginal | Justerad EBIT i procent av omsättningen. |
| Justerad EBITDA | Rörelseresultat före av- och nedskrivningar, finansiella intäkter och kostnader samt skatt, justerat för intäkter/kostnader av engångskaraktär samt jämförelsestörande poster. |
| Justerad EBITDA marginal | Justerad EBITDA i procent av omsättningen. |
| Nettoomsättning | Intäkter från avtal med kunder enligt IFRS |
| Nettoomsättningstillväxt | Förändring I nettoomsättning jämfört med motsvarande period föregående år uttryckt i procent. |
| Nettoskuld/EBITDA | Nettoskuldsättning i relation till EBITDA. |
| Nettoskuldsättning/nettokassa | Räntebärande skulder minus likvida medel och övriga kortfristiga finansiella omsättningstillgångar. |
| Operativt kassaflöde | Kassaflödet från den löpande verksamheten och kassaflödet från investeringsverksamheten exklusive rörelseförvärv och -avyttringar. |
| Orderingång | Det totala värdet av kundorder som erhållits under perioden. |
| Orderingångstillväxt | Förändring i orderingång jämfört med motsvarande period föregående år, uttryckt i procent. |
| Orderstock | Nettovärdet av erhållna men ännu ej fakturerade order. Redovisning av orderingång görs enbart för order som uppnår vissa kriterier och orderboken övervakas kontinuerligt. Justeringar av orderstockens nettovärde kan ske som effekter av exempelvis valutakursjusteringar, avbokning av en order eller mindre justeringar av tidigare redovisad order. |
| Räntetäckningsgrad | Resultat före skatt plus räntekostnader och valutakursdifferenser dividerat med räntekostnader och valutakursdifferenser. |
| Resultat per aktie | Periodens resultat hänförligt till moderbolagets ägare, dividerat med genomsnittligt antal utestående aktier. |
| Skuldsättningsgrad | Nettoskuldsättning i relation till eget kapital inklusive innehav utan bestämmande inflytande. |
| Soliditet | Eget kapital, inklusive innehav utan bestämmande inflytande, i procent av balansomslutning. |
| Valutakursjusterad nettoomsättning | Nettoomsättning omräknad till jämförbara valutakurser mellan periodern. |
| Valutakursjusterad nettoomsättningstillväxt | Förändring i valutajusterad nettoomsättning jämfört med motsvarande period föregående år, uttryckt i procent. |
| Vinstmarginal | Resultat före skatt i procent av intäkter. |
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.