Regulatory press release

Clavister Q4 2024: Net Sales grew by 23 %

February 13, 2025, Örnsköldsvik, Sweden. Clavister, a leader in European cybersecurity for mission-critical applications released its latest quarterly report for 2025.

Net Sales grew by 23 % and ARR grew with 14 %.
Strong Order Intake and substantial deliveries from all business operations.
Significant defence order of 53 MSEK for delivery of CyberArmour to the CV90.
Total Order Book Balance of 300 MSEK at the end of the quarter.

“2024 was a year of growth and clear profit improvement, with a strong final quarter where all business operations delivered solid order intake. Net sales grew by 23 % and we took important steps to strengthen our financial position. Looking ahead to 2025, we continue to focus on expansion, profitability and delivering cybersecurity where it is needed the most.”, John Vestberg, President and CEO.

The fourth Quarter

Order Intake amounted to 133.7 (216.9) MSEK.
Annual recurring revenue (ARR) amounted to 137.6 (120.3) MSEK.
Net Sales amounted to 59.0 (48.1) MSEK. FX adjusted Net Sales amounted to 58.5 (47.5).
Gross Profit amounted to 47.2 (37.6) MSEK, corresponding to a gross margin of 76.7 (77.2) %.
EBITDA amounted to 8.1 (6.5) MSEK.
EBIT amounted to -3.2 (-7.1) MSEK.
Net Profit amounted to -17.4 (-6.8) MSEK and earnings per share to -0.07 (-0.12) SEK.
Cash and cash equivalents amounted to 83.2 (38.7) MSEK.

Events after the Reporting Period

There have been no significant events after the reporting period.

The full quarterly report can be found at the Company’s web page: https://www.clavister.com/company/investor-relations/financial-reports/2024-1/

At 09:00 CET, February 13, Clavister’s CEO John Vestberg and CFO, David Nordström will be presenting the quarterly results in a live web session. Following the presentation, the audience will be given the opportunity to ask John and David questions in a Q&A session. Register at https://www.clavister.com/company/investor-relations/financial-reports/2024-1/

About Clavister

Clavister is a specialised Swedish cybersecurity company, protecting customers with mission-critical applications for more than two decades. Founded and headquartered in Örnsköldsvik, Sweden, Clavister pioneered one of the first firewalls and continues to build robust and adaptive cybersecurity solutions since. Empowering a growing ecosystem of partners and resellers, we are serving customers in more than 100 countries with deployments across the public sector, energy, telecom and defence sectors.

The stock, Clavister Holding AB, is listed at Nasdaq First North Growth Market. FNCA Sweden AB is the Company’s Certified Advisor.

For additional information, please visit https://www.clavister.com/, and follow us on our official LinkedIn and YouTube channels.