Clavister Q3 2020 Interim Report

THE THIRD QUARTER

– Revenue amounted to 41.5 (31.9) MSEK, an increase of 39%.
– Net sales amounted to 39.4 (31.8) MSEK, an increase of 32%.
– Order intake amounted to 35.1 (37.3) MSEK.
– Gross profit amounted to 37.7 (25.9) MSEK, corresponding to a
gross margin of 90.6 (81.1) %.
– EBITDA amounted to 9.1 (-4.0) MSEK, corresponding to an EBITDA
margin of 22%.
– EBITamounted to 1.3 (-14.5) MSEK, corresponding to an EBITmargin of 3%.
– Net profit amounted to -10.0 (-25.8) MSEK and earnings per share to -0.39 (-1.05) SEK.
– Operating cash flow amounted to -13.8 ( 12.5) MSEK.

“Our third quarter of 2020 sawstrong revenue growth of 39 %, record gross margin and an EBITDA margin of 22 %. I am really proud of the Clavister team
and partners whom have remained fully operational and focused on delivering solutions to our customers despite the challenges due to the Covid-19
pandemic. The year to date results strengthen our confidence in delivering on our 2020 financial ambition of year-on-year improvements of EBITDA, EBIT
and operating cash-flow.”

– John Vestberg, CEO & President