Clavister Q3: Positive development within both business segments

Research Note

2017-10-25

10:29

Clavister released their report for the third quarter of 2017 this morning. The company reported an operating loss of SEK -16,4m (exp. SEK -18m) and sales amounted to SEK 23.9m (exp. SEK 23m) – corresponding to a year over year growth of 52 percent. Overall the development within both segments are positive and according to Clavisters plan. The report was also in line with our expectations and we do not expect to make any larger adjustments to our estimates following the report. Our DCF-valuation indicates a value range of SEK 12-89 with a base case of SEK 41 per share.

HH

Havan Hanna

Disclosures and disclaimers

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