Cash flow Clavister Holding AB

Stocks

CLAV

SE0005308558

Communications & Networking

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 12/06/2026 BST			5-day change	1st Jan Change
4.550 ^SEK	+9.59%		+3.74%	+56.90%

06-02	Clavister Receives SEK14 Million Order from Norwegian Defense Agency	MT
06-02	Clavister secures order worth SEK 14 million	FW

7df235a83374231ea7eff7f060.-TVdUv1GFTvON6w0PS2nU18tHbCkmGGxsPH7DdEwu5k.qF42G8otVl2Cevh9S37DGCYeR-DOyTbZ8pKedKZz1vebBTQ3zCxnTJFZnA

Published financial data: CLAVISTER HOLDING AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	129M	143M	161M	192M	219M
Other Revenues, Total	-	1K	-	-	5.32M
Total Revenues	129M	143M	161M	192M	225M
Cost of Goods Sold, Total	19.19M	27.74M	31.94M	41.68M	50.82M
Gross Profit	110M	115M	129M	150M	174M
Selling General & Admin Expenses, Total	172M	165M	151M	161M	174M
R&D Expenses	-38.14M	-35M	-37.8M	-37.95M	-38.4M
Depreciation & Amortization - (IS)	36.42M	41.02M	48.3M	44.28M	44.09M
Other Operating Expenses	-3.09M	-3.84M	-1.77M	-4.34M	3.06M
Other Operating Expenses, Total	167M	167M	160M	163M	183M
Operating Income	-56.64M	-52.41M	-31.28M	-13.1M	-8.89M
Interest Expense, Total	-14.93M	-23.34M	-33.66M	-42.8M	-20.71M
Interest And Investment Income	113K	209K	430K	2.84M	-
Net Interest Expenses	-14.81M	-23.13M	-33.23M	-39.96M	-20.71M
Income (Loss) On Equity Invest.	-14K	-	-	-	-
Currency Exchange Gains (Loss)	-4.35M	-17.01M	1.12M	-125K	-
Other Non Operating Income (Expenses)	-15.7M	-19.97M	-2.12M	-2.95M	4.87M
EBT, Excl. Unusual Items	-91.52M	-113M	-65.5M	-56.14M	-24.73M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	-91.52M	-113M	-65.5M	-56.14M	-24.73M
Income Tax Expense	-384K	309K	-154K	-157K	-30.03M
Earnings From Continuing Operations	-91.14M	-113M	-65.35M	-55.98M	5.3M
Net Income to Company	-91.14M	-113M	-65.35M	-55.98M	5.3M
Net Income - (IS)	-91.14M	-113M	-65.35M	-55.98M	5.3M
Net Income to Common Incl Extra Items	-91.14M	-113M	-65.35M	-55.98M	5.3M
Net Income to Common Excl. Extra Items	-91.14M	-113M	-65.35M	-55.98M	5.3M
Per Share Items
Net EPS - Basic	-1.67	-2	-1.16	-0.35	0.02
Basic EPS - Continuing Operations	-1.67	-2	-1.16	-0.35	0.02
Basic Weighted Average Shares Outstanding	54.42M	56.53M	56.53M	162M	265M
Net EPS - Diluted	-1.67	-2	-1.16	-0.35	0.02
Diluted EPS - Continuing Operations	-1.67	-2	-1.16	-0.35	0.02
Diluted Weighted Average Shares Outstanding	54.42M	56.53M	56.53M	162M	265M
Normalized Basic EPS	-1.05	-1.24	-0.72	-0.22	-0.06
Normalized Diluted EPS	-1.05	-1.24	-0.72	-0.22	-0.06
Supplemental Items
EBITDA	-55.98M	-46.19M	-31.24M	-12.9M	35.2M
EBITA	-55.98M	-52.41M	-31.28M	-13.1M	-8.89M
EBIT	-56.64M	-52.41M	-31.28M	-13.1M	-8.89M
EBITDAR	-58.41M	-44.37M	-30.61M	-11.53M	-
Total Revenues (As Reported)	134M	149M	165M	198M	225M
Effective Tax Rate - (Ratio)	0.42	-0.27	0.24	0.28	121.45
Current Domestic Taxes	43K	-	-	-	-
Total Current Taxes	43K	-18K	-	-	-
Deferred Domestic Taxes	-426K	-	-	-	-
Total Deferred Taxes	-426K	327K	-154K	-157K	-
Normalized Net Income	-57.2M	-70.33M	-40.94M	-35.09M	-15.45M
Interest on Long-Term Debt	744K	390K	1.07M	1.16M	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	28.03M	34.19M	41.24M	37.74M	-38.4M
Net Rental Expense, Total	-2.43M	1.82M	625K	1.37M	-
Imputed Operating Lease Interest Expense	-1.23M	1.28M	559K	1.68M	-
Imputed Operating Lease Depreciation	-1.2M	536K	65.78K	-312K	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	49.89M	42.41M	38.66M	83.21M	95.93M
Total Cash And Short Term Investments	49.89M	42.41M	38.66M	83.21M	95.93M
Accounts Receivable, Total	39.56M	43.49M	36.71M	55.21M	46.77M
Other Receivables	8.26M	6.91M	1.25M	7.33M	5M
Total Receivables	47.82M	50.4M	37.96M	62.54M	51.77M
Inventory	5.89M	13.52M	16.25M	16.71M	11.1M
Prepaid Expenses	1.59M	1.76M	11.15M	1.42M	19.12M
Other Current Assets, Total	408K	379K	1K	184K	-1K
Total Current Assets	106M	108M	104M	164M	178M
Gross Property Plant And Equipment	25.67M	23.68M	22.06M	23.71M	-
Accumulated Depreciation	-18.07M	-19.81M	-3.23M	-6.38M	-
Net Property Plant And Equipment	7.6M	3.87M	18.83M	17.33M	14.35M
Goodwill	66.7M	66.7M	66.7M	66.7M	66.7M
Other Intangibles, Total	111M	111M	109M	110M	111M
Deferred Tax Assets Long-Term	-	-	-	-	30M
Other Long-Term Assets, Total	419K	1.14M	886K	1.12M	1.16M
Total Assets	292M	291M	299M	359M	401M
Liabilities
Accounts Payable, Total	10.19M	10.23M	16.72M	15.65M	14.65M
Accrued Expenses, Total	20.52M	22.48M	28.86M	40.16M	121M
Current Portion of Long-Term Debt	9.73M	5.56M	66.58M	-	20M
Current Portion of Leases	5.45M	3.83M	3.34M	4.73M	4.6M
Current Income Taxes Payable	-	289K	-	719K	964K
Unearned Revenue Current, Total	60.19M	64.38M	67.57M	69.89M	-
Other Current Liabilities	13.1M	9.05M	97.17M	32.46M	31.66M
Total Current Liabilities	119M	116M	280M	164M	193M
Long-Term Debt	223M	279M	228M	228M	89.69M
Long-Term Leases	3.39M	179K	15M	12.02M	8.57M
Deferred Tax Liability Non Current	104K	383K	285K	216K	142K
Other Non Current Liabilities	-	59.32M	4.37M	39.7M	15.23M
Total Liabilities	345M	455M	528M	443M	307M
Common Stock, Total	5.65M	5.65M	5.65M	26.76M	37.14M
Additional Paid In Capital	797M	800M	800M	979M	1.14B
Retained Earnings	-856M	-969M	-1.03B	-1.09B	-1.08B
Comprehensive Income and Other	56K	118K	121K	69K	-57K
Total Common Equity	-53.72M	-164M	-229M	-84.18M	94.09M
Total Equity	-53.72M	-164M	-229M	-84.18M	94.09M
Total Liabilities And Equity	292M	291M	299M	359M	401M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	56.53M	56.53M	56.53M	268M	195M
ECS Total Common Shares Outstanding	56.53M	56.53M	56.53M	268M	195M
Book Value / Share	-0.95	-2.89	-4.05	-0.31	0.48
Tangible Book Value	-232M	-341M	-405M	-261M	-83.52M
Tangible Book Value Per Share	-4.1	-6.04	-7.16	-0.98	-0.43
Total Debt	241M	289M	313M	245M	123M
Net Debt	191M	246M	275M	161M	26.93M
Debt Equivalent Oper. Leases	-19.45M	14.54M	5M	10.97M	-
Account Code - Inventory Valuation	5	5	5	5	-
Machinery, Total	787K	634K	1.36M	2.04M	-
Full Time Employees	133	108	109	108	-
Accumulated Allowance for Doubtful Accounts (Supple)	494K	546K	650K	539K	-
Order Backlog	86.6M	74.2M	234M	300M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-91.14M	-113M	-65.35M	-55.98M	5.3M
Depreciation & Amortization - CF	5.6M	4.63M	4.85M	4.32M	-
Amortization of Goodwill and Intangible Assets - (CF)	667K	-	-	-	-
Depreciation & Amortization, Total	6.26M	4.63M	4.85M	4.32M	-
Amortization of Deferred Charges, Total - (CF)	30.16M	36.39M	43.44M	39.97M	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Other Operating Activities, Total	31.34M	54.57M	16.34M	19.84M	20M
Change In Accounts Receivable	-4.22M	-458K	3.54M	-15.02M	-6.74M
Change In Inventories	1.35M	-7.63M	-2.73M	-458K	5.61M
Change in Other Net Operating Assets	-30.06M	627K	13.2M	11.88M	11.22M
Cash from Operations	-56.32M	-24.7M	13.31M	4.55M	35.39M
Capital Expenditure	-	-	-722K	-742K	-1.15M
Cash Acquisitions	-2.77M	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-39.41M	-36.39M	-41.39M	-41.09M	-40.56M
Investment in Marketable and Equity Securities, Total	-	-	254K	-219K	-36K
Other Investing Activities, Total	-192K	-719K	-1K	1K	-
Cash from Investing	-42.38M	-37.11M	-41.86M	-42.05M	-41.75M
Long-Term Debt Issued, Total	-	69.12M	38.21M	-	100M
Total Debt Issued	-	69.12M	38.21M	-	100M
Long-Term Debt Repaid, Total	-8.65M	-14.79M	-13.31M	-106M	-254M
Total Debt Repaid	-8.65M	-14.79M	-13.31M	-106M	-254M
Issuance of Common Stock	18.34M	3K	-	216M	230M
Other Financing Activities, Total	-4.3M	-	-97K	-28.08M	-56.94M
Cash from Financing	5.39M	54.34M	24.8M	82.05M	19.08M
Foreign Exchange Rate Adjustments	-	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	1K	-1K	-
Net Change in Cash	-93.3M	-7.47M	-3.75M	44.55M	12.72M
Supplemental Items
Cash Interest Paid	1.52M	3.26M	7.53M	-	-
Cash Income Tax Paid (Refund)	202K	312K	-367K	-493K	-
Levered Free Cash Flow	-86.11M	-50.62M	70.18M	-99.43M	-51.51M
Unlevered Free Cash Flow	-76.78M	-36.04M	91.22M	-72.67M	-38.57M
Change In Net Working Capital	38.38M	7.91M	-105M	66.94M	-8.71M
Net Debt Issued / Repaid	-8.65M	54.33M	24.9M	-106M	-154M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-10.5	-11.24	-6.62	-2.49	-1.46
Return on Total Capital	-16.44	-20.96	-18.67	-6.69	-2.94
Return On Equity %	437.61	103.87	33.31	35.76	107.12
Return on Common Equity	437.61	103.87	33.31	35.76	107.12
Margin Analysis
Gross Profit Margin %	85.16	80.56	80.11	78.26	77.37
SG&A Margin	132.69	115.76	94.16	84.05	77.43
EBITDA Margin %	-43.29	-32.37	-19.45	-6.73	15.68
EBITA Margin %	-43.29	-36.72	-19.48	-6.83	-3.96
EBIT Margin %	-43.81	-36.72	-19.48	-6.83	-3.96
Income From Continuing Operations Margin %	-70.49	-79.07	-40.69	-29.21	2.36
Net Income Margin %	-70.49	-79.07	-40.69	-29.21	2.36
Net Avail. For Common Margin %	-70.49	-79.07	-40.69	-29.21	2.36
Normalized Net Income Margin	-44.24	-49.28	-25.49	-18.31	-6.88
Levered Free Cash Flow Margin	-66.59	-35.47	43.7	-51.88	-22.94
Unlevered Free Cash Flow Margin	-59.38	-25.25	56.8	-37.92	-17.17
Asset Turnover
Asset Turnover	0.38	0.49	0.54	0.58	0.59
Fixed Assets Turnover	11.19	24.88	14.15	10.6	14.17
Receivables Turnover (Average Receivables)	3.27	3.44	4.01	4.17	4.3
Inventory Turnover (Average Inventory)	2.92	2.86	2.15	2.53	3.65
Short Term Liquidity
Current Ratio	0.89	0.94	0.37	1	0.92
Quick Ratio	0.82	0.8	0.27	0.89	0.76
Operating Cash Flow to Current Liabilities	-0.47	-0.21	0.05	0.03	0.18
Days Sales Outstanding (Average Receivables)	111.49	106.21	91.13	87.77	84.9
Days Outstanding Inventory (Average Inventory)	124.87	127.7	170.1	144.75	99.87
Average Days Payable Outstanding	284.71	105.39	141.88	140.61	122.29
Cash Conversion Cycle (Average Days)	-48.35	128.53	119.34	91.91	62.48
Long Term Solvency
Total Debt/Equity	-448.9	-176.45	-136.87	-290.61	130.58
Total Debt / Total Capital	128.66	230.8	371.24	152.46	56.63
LT Debt/Equity	-420.64	-170.71	-106.32	-285	104.43
Long-Term Debt / Total Capital	120.56	223.28	288.39	149.52	45.29
Total Liabilities / Total Assets	118.43	156.17	176.46	123.43	76.54
EBIT / Interest Expense	-3.79	-2.25	-0.93	-0.31	-0.43
EBITDA / Interest Expense	-3.38	-1.78	-0.79	-0.21	1.7
(EBITDA - Capex) / Interest Expense	-3.38	-1.78	-0.81	-0.22	1.64
Total Debt / EBITDA	-4.79	-6.94	-11.85	-27.86	3.49
Net Debt / EBITDA	-3.8	-5.92	-10.39	-18.38	0.77
Total Debt / (EBITDA - Capex)	-4.79	-6.94	-11.54	-25.69	3.61
Net Debt / (EBITDA - Capex)	-3.8	-5.92	-10.11	-16.95	0.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.95	10.37	12.55	19.33	17.16
Gross Profit, 1 Yr. Growth %	-0.15	4.41	11.92	16.57	15.83
EBITDA, 1 Yr. Growth %	0.22	-17.49	-32.37	-58.69	-372.8
EBITA, 1 Yr. Growth %	0.22	-6.38	-40.31	-58.12	-32.13
EBIT, 1 Yr. Growth %	-0.37	-7.48	-40.31	-58.12	-32.13
Earnings From Cont. Operations, 1 Yr. Growth %	12.19	23.8	-42.08	-14.34	-109.47
Net Income, 1 Yr. Growth %	12.19	23.8	-42.08	-14.34	-109.47
Normalized Net Income, 1 Yr. Growth %	13.18	22.94	-41.79	-14.3	-55.96
Diluted EPS Before Extra, 1 Yr. Growth %	-19.63	19.41	-42	-69.83	-105.71
Accounts Receivable, 1 Yr. Growth %	0.34	9.92	-15.58	50.4	-15.3
Inventory, 1 Yr. Growth %	-18.65	129.54	20.21	2.82	-33.58
Net Property, Plant and Equip., 1 Yr. Growth %	-51.02	-49.09	386.56	-7.96	-17.19
Total Assets, 1 Yr. Growth %	-23.86	-0.13	2.82	20.01	11.63
Tangible Book Value, 1 Yr. Growth %	63.26	47.3	18.55	-35.49	-67.99
Common Equity, 1 Yr. Growth %	-545.16	204.41	39.96	-63.22	-211.76
Cash From Operations, 1 Yr. Growth %	-333.2	-56.15	-153.88	-65.79	677.5
Capital Expenditures, 1 Yr. Growth %	-	-	-	2.77	55.53
Levered Free Cash Flow, 1 Yr. Growth %	-4.53K	-41.21	-238.65	-241.13	-48.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-784.75	-53.06	-353.13	-179.44	-46.93
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.5	5.55	11.45	15.89	18.24
Gross Profit, 2 Yr. CAGR %	5.42	2.1	8.1	14.22	16.2
EBITDA, 2 Yr. CAGR %	-13.44	-9.06	-25.3	-47.15	6.16
EBITA, 2 Yr. CAGR %	-13.45	-3.13	-25.25	-50	-46.69
EBIT, 2 Yr. CAGR %	-13.51	-3.99	-25.69	-50	-46.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-30.4	17.85	-15.32	-29.56	-71.51
Net Income, 2 Yr. CAGR %	-30.4	17.85	-15.32	-29.56	-71.51
Normalized Net Income, 2 Yr. CAGR %	-9.81	17.96	-15.4	-29.37	-38.56
Diluted EPS Before Extra, 2 Yr. CAGR %	-52.21	-2.04	-16.78	-58.17	-86.87
Accounts Receivable, 2 Yr. CAGR %	1.91	5.02	-3.67	12.68	12.87
Inventory, 2 Yr. CAGR %	-14.2	36.65	66.12	11.18	-17.36
Net Property, Plant and Equip., 2 Yr. CAGR %	-39.04	-50.06	57.39	111.63	-12.7
Total Assets, 2 Yr. CAGR %	-1.95	-12.8	1.33	11.08	15.74
Tangible Book Value, 2 Yr. CAGR %	2.77	55.08	32.15	-12.55	-54.56
Common Equity, 2 Yr. CAGR %	-22.43	268.12	106.41	-28.25	-35.89
Cash From Operations, 2 Yr. CAGR %	14.19	1.13	-51.39	-57.07	63.09
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	26.43
Levered Free Cash Flow, 2 Yr. CAGR %	12.6	410.33	-9.72	40.15	-14.49
Unlevered Free Cash Flow, 2 Yr. CAGR %	13.45	79.28	9	42.01	-35.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.74	5.06	7.84	14.02	16.31
Gross Profit, 3 Yr. CAGR %	8.57	5.08	5.27	10.85	14.75
EBITDA, 3 Yr. CAGR %	-14.21	-14.81	-17.61	-38.69	-8.66
EBITA, 3 Yr. CAGR %	-14.33	-11.15	-17.57	-38.38	-44.64
EBIT, 3 Yr. CAGR %	-14.31	-11.55	-18.06	-38.62	-44.64
Earnings From Cont. Operations, 3 Yr. CAGR %	-9.49	-15.67	-7	-14.99	-63.91
Net Income, 3 Yr. CAGR %	-9.49	-15.67	-7	-14.99	-63.91
Normalized Net Income, 3 Yr. CAGR %	-8.18	0	-6.78	-15.03	-39.66
Diluted EPS Before Extra, 3 Yr. CAGR %	-31.54	-35.15	-17.74	-40.66	-78.46
Accounts Receivable, 3 Yr. CAGR %	16.13	4.51	-2.35	11.75	2.45
Inventory, 3 Yr. CAGR %	2.66	19.11	30.94	41.57	-6.36
Net Property, Plant and Equip., 3 Yr. CAGR %	-34.42	-42.59	6.66	31.62	54.79
Total Assets, 3 Yr. CAGR %	-8.92	-1.35	-7.88	7.21	11.26
Tangible Book Value, 3 Yr. CAGR %	64.43	15.87	41.8	4.05	-37.45
Common Equity, 3 Yr. CAGR %	-6.98	22.35	166.68	16.15	-16.83
Cash From Operations, 3 Yr. CAGR %	-6.42	-17	-18.02	-56.76	12.74
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	30.83	-9.33	230.52	4.91	0.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	45.56	-15.46	101.12	-1.81	2.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.6	7.33	7.38	9.27	11.88
Gross Profit, 5 Yr. CAGR %	15.54	8.2	8.38	8.65	9.52
EBITDA, 5 Yr. CAGR %	-4.08	-8.98	-18.83	-29.62	-8.82
EBITA, 5 Yr. CAGR %	-4.25	-6.87	-18.88	-29.41	-30.76
EBIT, 5 Yr. CAGR %	-4.12	-7.12	-19.06	-29.6	-31
Earnings From Cont. Operations, 5 Yr. CAGR %	10.55	11.19	-11.87	-21.53	-42.06
Net Income, 5 Yr. CAGR %	10.55	11.19	-11.87	-21.53	-42.06
Normalized Net Income, 5 Yr. CAGR %	4.17	6.39	-11.14	-12.98	-21.1
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.93	-6.97	-25.98	-45.58	-60.52
Accounts Receivable, 5 Yr. CAGR %	23.68	22.72	7.76	7.71	3.47
Inventory, 5 Yr. CAGR %	-2.18	10.91	24.45	15.87	8.92
Net Property, Plant and Equip., 5 Yr. CAGR %	51.13	18.82	-6.92	-3.26	-1.55
Total Assets, 5 Yr. CAGR %	1.02	-0.74	-4.95	3.45	0.93
Tangible Book Value, 5 Yr. CAGR %	18.07	27.55	50.66	3.53	-10.06
Common Equity, 5 Yr. CAGR %	-23.75	-4.85	27.95	-1.17	50.79
Cash From Operations, 5 Yr. CAGR %	1.45	-20.42	-27.99	-36.24	7.94
Capital Expenditures, 5 Yr. CAGR %	-	-	-20.33	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	5.13	-6.77	12.79	7.92	92.6
Unlevered Free Cash Flow, 5 Yr. CAGR %	3.42	-12.03	29.66	4.03	28.03