Bifogade filer
Cyviz Q1 2025 Presentation.pdf
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Informationsteknik |
| Industri | Programvara |
15.5.2025 07:00:01 CEST | Cyviz | Half yearly financial reports and audit reports / limited reviews
Cyviz AS today publishes its financial results for the first quarter of 2025, reporting solid growth in both revenue and order intake despite an unpredictable market environment.
Revenue reached NOK 135.8 million in the quarter, representing a 27.4% increase compared to Q1 2024. Order intake grew by 23% to NOK 112.4 million, reflecting continued demand for Cyviz’ solutions across key sectors and regions. EBITDA for the quarter was NOK 1.2 million, down from NOK 5.2 million in the same period last year.
Operating cash flow was NOK -17.6 million, impacted by increased inventory for project deliveries in Q2, an adverse foreign exchange effect of NOK 6.3 million, and by regions with longer collection cycles.
"We delivered strong revenue and order growth in the first quarter despite market uncertainties, including falling oil prices and new US tariffs. Our global presence and established position across sectors and geographies make us resilient to such fluctuations. Activity remained solid across regions, with robust performance in Europe. We also secured our first customer contract for the new software platform, a key milestone in our strategy to scale through partners and grow recurring revenue,” says Espen Gylvik, CEO of Cyviz.
Key highlights for Q1 2025:
Revenue of NOK 135.8 million, up 27.4% from NOK 106.5 million in Q1 2024
EBITDA of NOK 1.2 million, compared to NOK 5.2 million in Q1 2024
Order intake of NOK 112.4 million, up 23% from NOK 91.4 million in Q1 2024
Order backlog of NOK 337.8 million, down from NOK 428.3 million, which included an exceptional multi-year deal in 2023
Operating cash flow of NOK -17.6 million, compared to NOK 33.3 million in Q1 2024
The company expects continued growth, supported by its strong position in the global control room and operations center market, where Cyviz has been well-established for years across multiple regions. The company is currently seeing particularly strong demand growth in Europe and NATO countries.
The long-term strategy remains unchanged, focusing on scaling its core technology and software platform through an expanding global partner ecosystem to achieve 25% annual recurring revenue (ARR) and a 25% EBITDA margin over the next five years.
Link to landing page LIVE and recording: https://channel.royalcast.com/landingpage/hegnarmedia/20250515_4/
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 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).