CLX Communications AB (publ): Interim report, January - June 2017

January - June 2017

• Net sales increased by 145 percent to SEK 1,367.4 million (557.5). Organic growth was 19 percent.
• EBITDA amounted to SEK 120.1 million (24.3).
• EBITDA excluding items affecting comparability¹ (adjusted EBITDA) amounted to SEK 154.9 million (37.3).
• EBIT amounted to SEK 59.3 million (20.7).
• Net profit for the period amounted to SEK 32.2 million (12.7).
• Basic and diluted earnings per share amounted to SEK  0.63 (0.33).

Second quarter, April - June 2017

• Net sales increased by 157 percent to SEK 745.2 million (290.3). Organic growth was 18 percent.
• EBITDA amounted to SEK 49.3 million (-1.0).
• EBITDA excluding items affecting comparability¹ (adjusted EBITDA) amounted to SEK 74.0 million (12.0).
• EBIT amounted to SEK 18.3 million (-2.9).
• The net loss for the quarter amounted to SEK -1.2 million (-5.8).
• Basic earnings per share were SEK -0.03 (-0.15).

Significant events during the quarter

• The acquisition of Dialogue Group Ltd was completed on 10 May and is included in the consolidated accounts from that date. The purchase consideration was GBP 32.0 million (SEK 368.7 million) on a cash- and debt-free basis. The acquisition was financed with expanded credit facilities of GBP 32.7 million (SEK 389.1 million).
• As decided by the annual general meeting held 19 May 2017, 4,067,647 new shares were issued in a directed share issue on 31 May at a subscription price of SEK 120 per share. The issue was executed to reduce debt and strengthen the company's capacity for future acquisitions. The new issue raised SEK 488.1 million before issue costs of SEK 7.0 million after tax.

Significant events after the end of the period

• CLX acquired the remaining 33 percent of the share capital in Caleo Technologies AB in Gothenburg, Sweden, from the minority owners. Caleo develops software that CLX sells as part of its offering to operators under the Symsoft brand. Caleo was made into a wholly owned subsidiary in order to enhance product integration and further clarify the Symsoft offering.

1) See the table on page 3 in the attached, complete report for a specification of items affecting comparability.

Invitation to report presentation by phone or online

The report will be presented in a phone conference at 09.00 CET on 21 July.
To participate in the presentation by phone, please call any of the following numbers and state the code 9652482:

SE: +46-8 535 264 08
UK: +44-20 3427 1907
US: +1-646 254 3366

Register here to watch the presentation via Webcast: https://edge.media-server.com/m6/p/935t6xi6.

For additional information, please contact:

Thomas Ahlerup, Chief Investor Relations
Tel +46 76 896 63 00
thomas.ahlerup@clxcommunications.com

About CLX Communications
CLX Communications (CLX) is a leading global vendor of cloud communications services and solutions for enterprises and mobile operators. Mobile communications services from CLX make it possible for enterprises to communicate globally with their customers and connected devices - IoT (Internet of Things) swiftly, securely and cost-effectively. CLX Communications' solutions enable business critical communication worldwide via mobile messaging services (SMS), voice services, and mobile IoT connectivity services. CLX has grown profitably since the company was founded. The Group is headquartered in Stockholm, Sweden, and has a presence in 20+ additional countries. The shares of CLX Communications are listed on Nasdaq Stockholm: CLX.

Note: CLX Communications AB (publ) is required to publish the information in this interim report pursuant to the EU market abuse regulation. The information was submitted for publication by the person stated above on 21 July 2017 at 07.30 CET.

This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply. This report has not been subject to review by the company's independent auditor.