Cyviz AS – Q3 2024: Solid Quarter and Strong Order Intake
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
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 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).
Alternative languages
Attachments
Subscribe to our company announcements
Keep up to date with our company announcements by subscribing.
Visit our pressroom and see more company announcements from us.
Our pressroom