Clavister: Q4’18 preview
Clavister will present their report for the fourth quarter of 2018 tomorrow (Thursday the 21th of February). We estimate a rise in revenues of 1.5% y/y (13.4% order intake growth y/y) and an EBIT loss of SEK 23.0m. As usual, we will focus on the business update for the Communication Service Provider (CSP) segment and the Enterprise segment. While Enterprise is expected to continue its growth trajectory, the big uncertainty in our estimates is related to the CSP segment where we most likely will cut our estimates in the absence of any progress during this year.
Our fair valuation range before the report is SEK 10-71 per share with a base case of SEK 32..