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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
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Cyviz AS – Marius Skagen appointed CFO

11/25/2021 | 06:31am EST

Cyviz AS today announces the appointment of Marius Skagen as Chief Financial Officer (CFO) effective 1 December 2021.

“We are pleased to welcome Marius Skagen as the new Chief Financial Officer of Cyviz. He brings valuable experience from both Nordic and global business and will play an important role in the next growth phase of the company,” says Espen Gylvik, CEO of Cyviz.

Skagen joins the company from Flokk AS (a PE owned company), where he has held the position as Head of CFO Office since 2018.

Prior to Flokk, Skagen was part of the management team in EVRY Norway responsible for business development. He was also part of the team working with EVRY's initial public offering and application for listing on Oslo Stock Exchange. Previous experience includes management consulting at Bekk and investment banking at Pareto Securities.

At Flokk, Skagen has been responsible for Flokk’s exit readiness and performance management aimed at maximizing the value of the company. This includes group-wide programs and projects for cost efficiency, working capital and the roll-out and monitoring of KPIs across all global markets – all with digitalization as an important cornerstone.

Skagen holds a Master of Science degree in financial economics from the Norwegian School of Economics (NHH) and LUISS Business School in Rome.

Skagen succeeds Erik Fausa Olsen, who will continue to support Cyviz until mid-December 2021.

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

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

© NTB Norway, source NTB English Regulatory Releases

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Financials
Sales 2021 314 M 35,8 M 35,8 M
Net income 2021 -28,5 M -3,25 M -3,25 M
Net cash 2021 34,3 M 3,91 M 3,91 M
P/E ratio 2021 -19,0x
Yield 2021 -
Capitalization 548 M 62,5 M 62,5 M
EV / Sales 2021 1,64x
EV / Sales 2022 1,37x
Nbr of Employees 140
Free-Float -
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Mean consensus BUY
Number of Analysts 1
Last Close Price 42,50 NOK
Average target price 65,00 NOK
Spread / Average Target 52,9%
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Managers and Directors
Espen Kristian Gylvik Chief Executive Officer
Marius Skagen Chief Financial Officer
Rune Syversen Chairman
Eirik Simonsen Chief Technology Officer
Daniel Golparian Chief Operating Officer
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