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Clavister is a Swedish company that develops end-to-end cybersecurity solutions, focusing on network security, identity and access management, and cloud and device security. The company's customers are operators, authorities, enterprises and cloud service providers globally. Clavister was founded in 1997 and is headquartered in Örnsköldsvik, Sweden.
* Order book at a record high ~SEK 640m... * ...with ~SEK 225m expected to roll out in the next 12m * Underlying business solid as recurring revenue continues to grow Strong headline numbers Clavister reported a strong Q2'26, with sales up 63% y-o-y....
* Sales of SEK 89m (+17% vs. ABGSCe 76m), a 63% y-o-y growth * Order book at a record at SEK ~640m * Acceleration is here Strong Q2'26 results Clavister reported Q2'26 sales of SEK 89m (+17% vs ABGSCe 76m), implying a 63% y-o-y growth. Although order...
* The journey has just begun * Stronger sales to come, we estimate +39% y-o-y in Q2 * Trading 30% below peers on EV/EBITDA And so the journey begins Clavister is entering a new era in its history, and we find the journey very exciting. Costs as a share...
* Gross margins above its target of 80% * Order book at a record and foundation getting stronger * Trading at EV/EBITDA of 18-10x '26e-'27e, ~20% below peers Only getting better from here Clavister reported a strong Q1'26 report, with sales up 35% y-...
* Sales of SEK 72m (-5% vs. ABGSCe 76), a 35% y-o-y growth * Order book at a record, and ARR up 6% * Now with a solid foundation for the future Q1'26 results Clavister reported Q1'26 sales of SEK 72m (-5% vs. ABGSCe 76m), implying 35% y-o-y growth, reflecting...
* Defence order lifts Q1e sales to SEK 76m, +42% y-o-y * Entering the new year with stronger financial fundamentals * Expecting an average FCF yield 7% p.a. '26e-'28e Strong quarter thanks to Norwegian order This is the first quarter with the Norwegian...