Clavister Holding AB (OSTO:CLAV)

Q4 2025 Clavister AB Earnings Call Transcript

Feb 12, 2026 / 08:00 AM GMT

Release Date Price: kr3.81 (+5.39%)

Transcript

Key Points

Positve

Clavister Holding AB (FRA:89P) reported improved profitability in Q4 2025, with EBITDA, EBIT, and profit showing continuous improvement.
The company has a strong underlying market demand, with increased qualified discussions and inquiries from larger customers.
Clavister's dual-use cybersecurity solutions serve both civilian and military sectors, providing a balanced business model.
The company secured a significant contract with the Norwegian Defense Material Agency, valued at 280 million SEK, which is expected to provide continuous revenue and earnings support.
Clavister successfully refinanced its EIB debt, reducing net debt significantly and improving its financial flexibility.

Negative

Clavister faced challenges with supply chain constraints, leading to delivery delays of military hardware, impacting Q4 results.
Net sales growth was modest, affected by foreign exchange impacts and delays in military hardware deliveries.
The civilian business experienced growth challenges due to strong prior-year comparisons and life cycle effects not present in Q4 2025.
Gross margin was weaker than expected due to a mix of lower-margin defense sales and delayed high-margin civilian sales.
Order intake declined by 26% year-over-year, attributed to the absence of large defense sector orders in the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CLAVI.ST - Clavister AB
Q4 2025 Clavister AB Earnings Call
Feb 12, 2026 / 08:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning everyone and welcome to our Q4 interim reports presentation.

We're a few, a minute early, but I would say, yeah, let's, wait for some people to drop in, but I think.

Yeah, we can start rolling. So, yeah, my name is Caitlin Woods. I am your host for today's webinar, and with me is our CEO John Wesberg and our CFO David Nordstrom.

So we will start with the presentation of the last quarter where, John will share his key business insights, followed by David sharing the financial details. And after that, you will, we will address any questions that you have, at the end of the presentation. So please post your questions in the chat, and then, yeah, we will pick those up after. So with that, I would like to hand

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.