Sweden's Clavister Q1 sales rise, order intake surges on defence contract

Clavister AB

07/05/2026 07:10

Overview

The Swedish cybersecurity firm's Q1 net sales rose yr/yr, reaching 71.8 mln SEK

Company returned to positive EBIT of 2.5 mln SEK after loss last year

Order intake surged, boosted by 280 mln SEK Norwegian defence contract

Outlook

Clavister did not provide specific guidance for the current quarter or full year

Result Drivers

NORWEGIAN DEFENCE CONTRACT - Co said 280 mln SEK contract with Norwegian Defence Materiel Agency was the single most significant event in Q1

STRATEGIC PRIORITIES - Co said improved results reflect clear progress from strategic priorities pursued in recent years, per CEO John Vestberg

RECURRING REVENUE - Annual recurring revenue increased to 141.9 mln SEK from 134.0 mln SEK, indicating continued demand for cybersecurity solutions

Company press release: ID:nMFN8f3nMr

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
SEK 71.80 mln
Q1 Net Income
SEK 1.40 mln
Q1 EBIT
SEK 2.50 mln
Q1 EBITDA
SEK 14 mln
Q1 Orders
SEK 312.90 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Clavister AB is SEK7.00, about 50.5% above its May 6 closing price of SEK4.65

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)