Clavister Q1 2018: Continued growth and investments according to plan

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Clavister Q1 2018: Continued growth and investments according to plan

May 16, 2018. Örnsköldsvik, Sweden. Clavister (Nasdaq: CLAV), a leader in high-performance network security solutions, released its latest quarterly report today.

During the quarter Clavister has continued to deliver on the planned and communicated investment in sales, marketing and IT development capacity in order to build a future, international important actor within the cyber security market.

Q 1 2018:

  • Revenues reached 22.8 (20.6) MSEK
  • Gross profit reached 17.4 (16.6) MSEK
  • Gross margin reached 76 (81)%, due to a changed revenue mix
  • EBIT amounted to -27.0 (-18.3) MSEK, driven by the ongoing investments in the sales- and delivery capacity
  • Result after financial items for the period amounted to -36.3 (-19.4) MSEK, an increased financial item cost is explained by the loans from Tagehus and the European Investment Bank, in combination with the effects from a weakened Swedish Krona vs. the Euro
  • Cash by the end of the period was 93.8 (59.3) MSEK. In addition, Clavister has own shares at a value of 6.2 MSEK at the end of the quarter, which-together with cash and cash equivalents–yielded a total of 100.0 MSEK
  • Earnings per share amounted to -1,54 (-0,66) SEK

Clavister’s CEO, John Vestberg and Clavister’s CFO, Håkan Mattisson, will present the quarterly report on Wednesday, May 16 at 10:45 a.m.

The presentation will be found at: https://www.redeye.se/live/clavister-q1-2018 

Questions can be submitted through the question template on the webpage or via e-mail:questions@redeye.se

The presentation can be found at Clavister’s page at Redeye Universe afterwards https://www.redeye.se/company/clavister-holding

For more information, please contact:
Håkan Mattisson, CFO for Clavister Group
+46 (0)660-29 92 00