Clavister Q2 2018: 40% order growth

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Clavister Q2 2018: 40% order growth

August 22, 2018. Örnsköldsvik, Sweden. Clavister (Nasdaq: CLAV), a leader in high-performance network security solutions, released its latest quarterly report today.

Second quarter 2018 at a glance:

  • Order intake for the quarter rose by 40%, compared to the corresponding quarter last year and amounted to 29.9 (21.4) MSEK
  • Revenues increased by 25% and amounted to 26.8 (21.4) MSEK
  • Gross profit reached 19.1 (17.0) MSEK, equalling a gross margin of 71 (80)%, due to a variantion in revenue mix between the years and effects from implementing IFRS 15
  • EBIT amounted to -27.4 (-23.6) MSEK, where the cost increase is primarily driven by an accelerated build-up of the sales and marketing organization
  • Result after financial items for the period amounted to -34.4 (-24.6) MSEK. The increased financial costs mainly driven by the loans from Tagehus and the European Investment Bank
  • Cash by the end of the period was 65.3 (26.6) MSEK
  • Earnings per share amounted to -1.68 (-0.84) SEK

Clavister’s CEO, John Vestberg and Clavister’s CFO, Håkan Mattisson, will present the quarterly report on Wednesday, August 22, at 09:00 a.m. CET.

Link to the presentation: https://financialhearings.com/event/10644

The presentation will be recorded and can be listened to afterwards.

For further information, please contact CFO Håkan Mattisson, +46 (0)660 – 29 92 00.