Clavister Q1 2020: Revenues grew with 25%
May 6, 2020, Örnsköldsvik, Sweden. Clavister, a leader in high-performance cybersecurity solutions, released its first quarterly 2020 interim report today.
“Our first quarter of 2020 was characterized by an increased demand of our solutions, further development of our business in several areas and closely monitoring of the COVID-19 pandemic. Strong revenue growth was combined with operational improvements which resulted in good cash flow for the period.“
John Vestberg, President and CEO
First quarter 2020
- Revenue: 33.2 (26.5) MSEK
- Net Sales: 29.3 (26.9) MSEK
- Gross Profit: 28.3 (21.2) MSEK
- Gross Margin: 85.1 (79.9)%
- EBITDA: -5.8 (-8.6) MSEK
- EBIT: -17.3 (-18.8) MSEK
- Net Profit: -39.5 (-28.5) MSEK
- Operating Cash Flow: 11.0 (-12.4) MSEK
- Cash by End of Period: 69.0 (54.1) MSEK
- Earnings per Share: -1.54 (-1.21) SEK
The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/q1-2020/
At 08:30 CET, May 6, Clavister’s CEO John Vestberg will be presenting the quarterly results in a live web session. Following the presentation, the audience will be given the opportunity to ask the John Vestberg questions in a Q&A session. Register at: https://www.clavister.com/company/investor-relations/financial-reports/q1-2020/For additional information regarding this press release, please contact:
John Vestberg, President and CEO, +46 (0)660-29 92 00 or email@example.com
Clavister is a leading European cybersecurity vendor with over 20 years of experience. Seated in Sweden, the company has customers—communication service providers, governments, enterprises and managed security service providers (MSSPs)—in more than 150 countries. Clavister provides unique security solutions to protect their digital assets and secure business continuity. The stock, Clavister Holding AB, is listed at Nasdaq First North Growth Markets. FNCA Sweden AB is the Company’s Certified Advisor (+46 8-528 00 399, e-mail: firstname.lastname@example.org).
This information is information that Clavister Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8:00 CET on May 6, 2020.