Cyviz AS - Q3 2024: Solid Quarter and Strong Order Intake

19 Nov 2024 07:00 CET

19.11.2024 07:00:01 CET | Cyviz | Half yearly financial reports and audit
reports / limited reviews

Cyviz AS announces its financial results for the third quarter of 2024.

Q3 2024 marks a solid quarter for Cyviz, with significant growth across its
financial KPIs compared to Q3 2023. Order intake reached NOK 192.4 million, with
new agreements across 50 customers, including leading technology and consulting
firms like Microsoft, Accenture, KPMG, and IBM, as well as Goodtech on a project
supporting Equinor's Empire Wind Project in New York.

"We continue to see investments from key regions like Northern Europe, the
Middle East, and the US, with substantial orders from partners like Microsoft
and Aker BP. In the US, we see a resurgence in private sector activity while the
public sector is affected by the election process. As we look toward 2025, we
anticipate renewed public sector investments," says Espen Gylvik, CEO of Cyviz.

Looking ahead to Q4 and into 2025, the market outlook remains positive across
all regions. Demand in the Middle East is robust, and the new software platform
is gaining traction within a partner ecosystem according to plan, laying the
foundation for increased recurring revenue. The company is well-positioned to
capture demand with its advanced technology and global customer base.

Cyviz maintains its medium-term target of a 15-20% EBITDA margin, focusing on
profitable growth and improved cash flow.

Cyviz AS presents its results for the third quarter of 2024 today, Tuesday,
November 19th, at 09:00 (CET), inviting investors, analysts, and other
interested parties to a live webcast.

Link to landing page LIVE and recording:
https://channel.royalcast.com/landingpage/hegnarmedia/20241119_5/

The report, presentation and link to the recorded webcast will also be made
available at: https://www.cyviz.com/investor-relations/

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

CONTACTS

* Espen Gylvik, CEO, Cyviz AS, +4791330644, espen.gylvik@cyviz.com
* Karl Peter Gombrii, CFO, Cyviz, (+47) 92822969, karl.gombrii@cyviz.com

ABOUT CYVIZ

About Cyviz

Cyviz is a global technology provider for comprehensive conference and control
rooms as well as command and experience centers. Since 1998, we have created
next level collaboration spaces, assuring inclusive meeting experiences for in
person and remote attendance.

Cyviz serves global enterprises and governments with the highest requirements
for usability, security, decision making and quality. The cross-platform
experience Cyviz delivers to manage and control systems and resources across the
enterprise, makes Cyviz the preferred choice for customers with complex needs.

Find out more on www.cyviz.com - http://www.cyviz.com or visit one of our Cyviz
Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo,
Paris, Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).

ATTACHMENTS

Cyviz_Q3_2024_Report.pdf -
https://kommunikasjon.ntb.no/ir-files/17847582/18327787/5298/Cyviz_Q3_2024_Repor
t.pdf

Cyviz_Q3_2024_Presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847582/18327787/5307/Cyviz_Q3_2024_Prese
ntation.pdf

More information:
Access the news on Oslo Bors NewsWeb site

632579_Cyviz_Q3_2024_Presentation.pdf
632579_Cyviz_Q3_2024_Report.pdf