Clavister Ab · OMXSTO:CLAV
Clavister Ab — Q2 2024 Earnings Presentation
18 slides from Clavister Ab's earnings presentation, Aug 23, 2024
Slide 1: Interim Report April – June 2024
Interim Report Clavister Holding AB (publ) April – June 2024
Slide 2: Summary of the Quarter Key Metrics
2 Summary of the Quarter Key Metrics (MSEK) Q2 2024 Q2 2023 H1 2024 H1 2023 Highlights from the Quarter Order Intake 50.3 44.5 88.3 79.2 Net Sales adjusted for currency effects grew by 23 %. Order Intake Growth 13.1 % 43.1 % 11.5 % 16.3 % Annual Recurring Revenue 125.0 112.6 125.0 112.6 Signific
Slide 3: Comments by the CEO
3 Comments by the CEO We continue on our transformation journey, closing another Cash flow from operating activities continues to improve and product packaging, which gives us better opportunities to quarter with growth and improved results. We have established amounted to 4.3 MSEK compared to -8.4
Slide 4: Outlook and New 5G Deals on the Horizon
4 Additionally, serial deliveries from previously won defence Outlook contracts continue, providing a clear revenue support for We leave behind another quarter with growth and improved several years ahead. results, which continues to indicate that our sales growth for the full year 2024 will increas
Slide 5: Comments on Financial Statement
5 Comments on Financial Statement Order Intake Deals within the defence and telecom sectors are typically Total order intake for the quarter amounted to 50.3 (44.5) volatile by their nature. MSEK, a year-on-year increase of 13.1 %. The order book balance on 30 June 2024 amounted to 232.7 During the
Slide 6: Annual Recurring Revenue, Gross Margin and Operating Expenses
6 Annual Recurring Revenue Gross Margin and Gross Profit Operating Expenses Annual recurring revenue on 30 June 2024 amounted to Gross margin amounted to 79.2 (83.8) %. Total operating expenses (OPEX) amounted to -41.4 (-40.1) 125.0 (112.6) MSEK, a year-on-year increase of 11.0 %. MSEK, whereof pers
Slide 7: Operating Result, Financial Net and Interest-bearing Liabilities
7 Operating Result Financial Net for the parent company Clavister Holding AB amounted to EBITDA amounted to 5.2 (3.4) MSEK. Adjusted for non- Financial income and expenses amounted to -3.5 (-20.1) MSEK. 207.7 (105.4) MSEK. recurring expenses EBITDA amounted to 5.7 (4.4) MSEK. The financial net consi
Slide 8: Personnel and Organisation, Risks and Uncertainties
8 Personnel and Organisation Risks and Uncertainties Operational efficiencies have led to a lower cost base, and On 30 June 2024, the number of full-time equivalent Please see the Annual Report 2023 and the Clavister website, OPEX for the full year 2024 is estimated to be on par with the employees (
Slide 9: Condensed Consolidated Income Statement
9 Condensed Consolidated Income Statement (TSEK) 2024 2023 2024 2023 2023 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Net sales 44 848 38 383 88 847 74 771 160 610 Other revenue 1 330 1 156 2 463 2 053 4 431 Total revenue 46 178 39 539 91 310 76 824 165 041 COGS -9 628 -6 413 -18 512 -12 666 -
Slide 10: Condensed Consolidated Balance Sheet
10 Condensed Consolidated Balance Sheet (TSEK) 2024-06-30 2023-06-30 2023-12-31 (TSEK) 2024-06-30 2023-06-30 2023-12-31 Assets Equity and liabilities Non-current assets Equity Goodwill 66 697 66 697 66 697 Equity -120 837 -213 286 -228 882 Intangible assets 109 739 111 017 108 923 Total equity -120
Slide 11: Condensed Statement of Changes in Equity
11 Condensed Statement of Changes in Equity (TSEK) 2024 2023 2024 2023 2023 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Equity, beginning of period -110 469 -184 627 -228 882 -163 536 -163 536 Cash issue 23 0 169 614 0 0 Issue expenses -215 0 -28 082 0 0 Other total income for the period -30 -
Slide 12: Condensed Consolidated Cash Flow Statement
12 Condensed Consolidated Cash Flow Statement (TSEK) 2024 2023 2024 2023 2023 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Profit (loss) before taxes -10 140 -28 638 -33 466 -49 691 -65 503 Reversal of depreciation and write-downs 11 862 11 947 23 094 22 402 48 295 Other adjustments for non-cas
Slide 13: Condensed Income Statement for Parent Company
13 Condensed Income Statement for Parent Company Clavister Holding AB (TSEK) 2024 2023 2024 2023 2023 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Net sales 2 251 2 252 4 503 4 503 9 004 Total revenue 2 251 2 252 4 503 4 503 9 004 Staff costs -3 364 -3 447 -6 116 -7 327 -13 396 Other external c
Slide 14: Condensed Balance Sheet for Parent Company
14 Condensed Balance Sheet for Parent Company Clavister Holding AB (TSEK) 2024-06-30 2023-06-30 2023-12-31 Assets Fixed assets Shares in group companies 462 274 444 174 462 274 Receivables from group companies 0 0 8 000 Total fixed assets 462 274 444 174 470 274 Current assets Current receivables 1
Slide 15: Notes
15 Noter Note 1 Accounting Policies according to the Black & Scholes model and has therefore not % of total The consolidated financial statements have been prepared in Number of shares number of affected the Group’s Income statement by any charges. accordance with the International Financial Reporti
Slide 16: Convertible Loan, Contingent Liabilities and Definitions
16 Note 8 Definitions Note 6 Contingent Liabilities Convertible Loan Adjusted EBIT – EBIT adjusted for non-recurring expenses. The issued convertible loan amounts to 10 MSEK and matures GROUP on May 31, 2027, with a conversion price of 5.61 SEK. At Adjusted EBITDA – EBITDA adjusted for non-recurring
Slide 17: Financial Metrics
17 Note 9 Financial Metrics TSEK 2024 2023 2024 2023 2023 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Net sales (TSEK) 44 848 38 383 88 847 74 771 160 610 Total revenue (TSEK) 46 178 39 539 91 310 76 824 165 041 Gross profit (TSEK) 36 550 33 126 72 798 64 158 133 097 Gross margin (%) 79,2% 83,
Slide 18: Report Information
18 Report Information Financial Calendar Interim Report Interim Report Release of Interim Report Jul-Sep 2024 Oct-Dec 2024 Annual Report Jan-Mar 2025 7 Nov 2024 13 Feb 2024 28 April 2025 8 May 2025 The Share Any forward-looking statements in this report Exchange: Nasdaq First North are based on Clav
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