IT security company Clavister reports increased revenue and adjusted EBITDA for the fourth quarter compared to the same period last year.
Revenue rose by 2.7 percent to SEK 60.6 million (59.0).
CEO John Vestberg describes the modest growth as "temporarily subdued," noting that it mainly reflects "the delivery delays of military hardware that we communicated during the autumn and which materialized this quarter."
"It's important to emphasize that this quarter's modest revenue growth does not reflect a weaker market. On the contrary, demand for our solutions remains very strong," Vestberg said, highlighting the clear momentum within the company's civilian business.
"We are seeing increased activity in customer dialogues, more incoming inquiries, and growing interest from both new partners and customers looking for European alternatives in cybersecurity," he added.
"At the same time, the defense business continues to develop very strongly, and overall this shows that Clavister has two parallel growth engines," Vestberg continued.
Annual recurring revenue (ARR) amounted to SEK 144.2 million (137.6).
Adjusted EBITDA reached SEK 11.1 million (10.6), with an adjusted EBITDA margin of 18.3 percent (18.0).
Operating profit was SEK -1.7 million (-3.2).
Adjusted operating profit was SEK 0.2 million (-0.7), with an adjusted operating margin of 0.3 percent.
Profit after tax amounted to SEK 17.7 million (-17.4).
Earnings per share totaled SEK 0.05 (-0.07).
Order intake landed at SEK 99.4 million (133.7), a decrease of 25.7 percent compared to the previous year.
Clavister AB is a Sweden-based network security vendor. The Company delivers a range of security solutions for physical and virtualized environments. The Company provides solutions such as Network Securities, Identity and Access Management Solutions, Clavister OneConnect, Cloud Services, Clavister InCenter, as well as Support and Professional Services.
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