10.3.2022 07:00:00 CET | Cyviz | Half yearly financial reports and audit reports / limited reviews

Cyviz AS, a global technology provider for standardized conference rooms, control rooms and experience centers, today published its financial results for the fourth quarter of 2021. Q4 finish a strong 2021 with an order intake of NOK 116m, up 108% compared to same quarter in 2020.

“This quarter shows that the growth investments made in both commercial and operational capabilities during 2021, now is starting to pay off”, says CEO Espen Gylvik at Cyviz.

The company is continuing to deliver on the medium-term strategy with a total order intake in 2021 of NOK 402m, a growth of NOK 223m (+124%) compared to 2020. After 2021, Cyviz has a record-high order backlog of NOK 170m.

Gross profit in Q4 ended at NOK 46,1m, up 75% compared to Q4 2020. This is the highest quarterly gross profit ever reported by Cyviz, and the good operational performance were delivered despite continued issues throughout our supply chain with longer lead times from sub-suppliers and shortage of components throughout the world.

Highlights Q4 2021

  • Order intake growth of 108% in Q4 2021 compared to same quarter in 2020. Ending at NOK 116m, this represents a year-over-year growth of NOK 61m
  • Full-year order intake of NOK 402m which is a growth of NOK 223m (+124%) compared to 2020
  • 72% revenue growth compared to same quarter in 2020 ending at an all-time-high level for Q4 of NOK 100m, and NOK 323m for full-year 2021
  • 75% growth in gross profit versus Q4 2020
  • Record high order backlog of NOK 170m and a book-to-bill ratio of 1,16
  • Adjusted EBITDA of NOK 1,8m for Q4, while full-year EBITDA is -NOK 14,8m heavily impacted by growth investments in commercial and operational capabilities

The interim financial report and presentation for Q4 2021 are enclosed.

Cyviz AS is presenting its Q4 2021 financial results on Thursday 10 March at 09:00 (CET) and hereby invites investors, analysts, and other stakeholders to a webcast with Q&A. The Q&A session will be moderated by Carnegie analyst Kristian Støle. If you want Kristian to ask your questions to the management, these can be sent to info@xtrainvestor.com or during the webcast.

Link to the webcast

https://inqrate.com/xtravideos/cyviz-q4-21-presentasjon/

The report, presentation, and a link to the recorded webcast will 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
  • Marius Skagen, CFO & Investor Relations, Cyviz AS, +47 986 44 846, marius.skagen@cyviz.com

About Cyviz

Cyviz is a global technology provider for standardized conference rooms, control rooms and experience centers. Since 1998, Cyviz has empowered the digital workforce to connect, visualize, and collaborate on their critical data. The IT-driven turnkey solutions are easy to deploy, manage and support.  Cyviz serves global enterprises and governments with the highest requirements for usability, security and quality, that engage people, encourage collaboration, and accelerate decision-making. Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ)

cyviz.com

Attachments

  • Cyviz Q4 2021 Report.pdf
  • Cyviz Q4 2021 Presentation.pdf

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