Yahoo Finance

January - March 2018

• Net sales increased by 38 percent to SEK 858.6 million (622.2). Organic growth was 13 percent.

• EBITDA amounted to SEK 53.2 million (70.8).

• EBITDA excluding items affecting comparability¹ (adjusted EBITDA) amounted to SEK 65.0 million (80.9), corresponding to SEK 1.21 (1.63) per share.

• Operational foreign exchange differences affected operating profit for the period by SEK -2.0 million (-0.9).

• EBIT amounted to SEK 20.3 million (41.1).

• Profit after tax for the period amounted to SEK 9.2 million (33.4).

• Basic and diluted earnings per share amounted to SEK 0.17 (0.67).

Significant events during the quarter

• On 27 March, CLX acquired 100 percent of share capital in Unwire Communication ApS based in Copenhagen, Denmark. Unwire has about 20 employees. The company is a leading vendor of cloud communications and messaging services to the Nordic financial sector. The purchase consideration was DKK 148 million on a cash- and debt-free basis. The acquisition was financed with expanded credit facilities of DKK 100 million and cash reserves.

Significant events after the end of the period

• On 4 April, CLX acquired 100 percent of the share capital in Vehicle Agency LLC, which has about 10 employees and is based in Seattle, USA. The company specializes in technology and solutions in personalized video and rich media communications solutions. The purchase consideration was USD 8 million on a cash- and debt-free basis, as well as a possible earnout of USD 4 million. The acquisition was financed with cash reserves.

• Thomas Heath was appointed Chief Strategy Officer, a new role at CLX, on 16 April. The new CSO will also have overall responsibility for Investor Relations.

• Oscar Werner was appointed President and CEO of CLX Communications AB on 19 April and will take up the position on 1 September 2018. Johan Hedberg will take a new role as responsible for business development, focusing on North America.

• Anders Olin, the former COO of the Enterprise Division, was appointed Managing Director of the Division. Robert Gerstman, the former Managing Director of the Division and a co-founder of CLX, will be the Chief Evangelist for the Division.

1. See the table on page 3 for a specification of items affecting comparability.

Invitation to report presentation by phone or online

The report will be presented at a phone conference at 09:00 CET on May 18.
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