Clavister’s defence-led growth sharpens after Norwegian contract win

The first quarter of 2026 marked a strong start to the year for Swedish cyber security company Clavister.

According to its first-quarter report, published on Thursday, order intake amounted to SEK 312.9 million (110.3 million), while the total order book stood at SEK 640 million at the end of the period. The company reported EBIT of SEK 2.5 million.

- The first quarter of 2026 marks a strong start to the year and represents an important step in Clavister’s development. We are now seeing clear results from the strategic priorities pursued in recent years, said John Vestberg, president and chief executive, in a statement.

The most significant development during the quarter was a contract awarded by the Norwegian Defence Materiel Agency, valued at SEK 280 million.

- This is not only a substantial deal in itself, but also a strategically important reference that further strengthens our position in the Nordic and European markets, Vestberg said.

Net sales increased by approximately 35 percent to SEK 72 million, driven by strong demand and an expansion of delivery capacity.

The trend was particularly evident in the defence segment, where revenue increased by more than 300 percent compared with the previous year.

- This reflects both the execution of previously won contracts and our increased ability to deliver larger and more complex projects, the company said.

Headquartered in Örnsköldsvik, Sweden, Clavister pioneered one of the first firewalls and continues to deliver adaptive, high-performance cybersecurity solutions for public sector, energy, telecom and defence customers. 

The stock, Clavister AB, is listed at Nasdaq First North Growth Market.