Q1 2022: Continuous growth with an all-time-high order intake of NOK 120.7m
13.5.2022 07:00:01 CEST | Cyviz | Half year financial report
Cyviz AS, a leading global technology provider for standardized conference rooms, control rooms and experience centers, today publishes its financial results for the first quarter of 2022, with an order intake growth of 37% and an all-time-high backlog of NOK 219m.
“Our business continues to grow faster than expected. This is related to both market growth and the effect of the organizational ramp up done in 2021. Return to the office place and the advent of hybrid workplaces continues to drive demand, as the workplace becomes a destination to support hybrid collaboration. We expect this growth trend to continue throughout 2022 and beyond”, says CEO Espen Gylvik at Cyviz.
Highlights Q1 2022
- Order intake growth of 37% compared to Q1 2021. Ending at NOK 120.7m (NOK 88m in Q1 2021), this represents an all-time-high in any given quarter for Cyviz
- Revenues of NOK 69.5m representing an increase of 22% compared to Q1 2021
- Gross profit of NOK 29.4m representing an increase of 18% compared to Q1 2021
- Awarded several prestigious contracts in Europe and the US with global Fortune 500 company for creating state-of-the-art experience centers, innovation hub and meeting rooms (total worth of NOK 44m)
- Signed several deals in Europe, Middle East and North America within the government and defense segment to deliver mission-critical command and control rooms (total worth of NOK 34m)
- During the quarter, we also entered into two new strategic partnership agreements:
- Worksphere as part of our new market establishment in the Benelux region
- DMS, a global service provider, to expand our offerings towards Fortune 500-accounts across all our regions
Cyviz AS is presenting its Q1 2022 report and presentation on Friday 13 May at 09:00 (CET) and hereby invites investors, analysts, and other stakeholders to a live webcast.
Link to the webcast:
https://channel.royalcast.com/
The report, presentation and link to the recorded webcast will be made available at: 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.
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About Cyviz
Cyviz is a global technology provider for comprehensive conference and control rooms as well as command and experience centers. Since 1998, Cyviz has simplified the way the digital workforce connect, visualize, and collaborate across technologies and critical data. The IT-driven turnkey solutions are easy to deploy, manage and support. Today, Cyviz serves global enterprises and governments with the highest requirements for usability, security 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.
Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)
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