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    CYVIZ   NO0010015175

CYVIZ AS

(CYVIZ)
  Report
Real-time Oslo Bors  -  09:40 2022-09-30 am EDT
35.70 NOK   -0.83%
09/07Cyviz Receives Order From Microsoft For Two Envisioning Theaters
MT
09/07Cyviz As – Nok 23 Million (usd 2.3 Million) Deal With Microsoft : Continues to invest in Cyviz solutions
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09/07Cyviz As - Nok 23 Million (usd 2.3 Million) Deal With Microsoft : Continues to invest in Cyviz solutions
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Q1 2022: Continuous growth with an all-time-high order intake of NOK 120.7m

05/13/2022 | 01:01am EDT
13.5.2022 07:00:01 CEST | Cyviz | Half yearly financial reports and audit
reports / limited reviews

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/ -
https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fchannel.royalc
ast.com%2Flandingpage%2Fhegnarmedia%2F20220513_9%2F&data=05%7C01%7CEllen.Lome%40
cyviz.com%7C51b5f08c430943b901fe08da32775b9e%7C75f40770eacf47dc82c79a4633c87f6f%
7C0%7C0%7C637877785459839223%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjo
iV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=54Ftpf6ogXeJsayiW%
2FD9GXfR89Im%2BMcK56OrshLejH8%3D&reserved=0

The report, presentation and link to the recorded webcast will be made available
at: www.cyviz.com/investor-relations/ -
https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.cyviz.com%2
Finvestor-relations&data=05%7C01%7CEllen.Lome%40cyviz.com%7C51b5f08c430943b901fe
08da32775b9e%7C75f40770eacf47dc82c79a4633c87f6f%7C0%7C0%7C637877785459839223%7CU
nknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI
6Mn0%3D%7C3000%7C%7C%7C&sdata=lN5Vnfw25CgzntN056hQntGSDaZNU8GSgzNngXA12q8%3D&res
erved=0

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 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)

cyviz.com - https://www.cyviz.com

ATTACHMENTS

Cyviz Q1 2022 presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17847582/1446/1968/Cyviz%20Q1%202022%20pre
sentation.pdf

Cyviz Q1 report 2022.pdf -
https://kommunikasjon.ntb.no/ir-files/17847582/1446/1970/Cyviz%20Q1%20report%202
022.pdf

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2022 429 M 39,5 M 39,5 M
Net income 2022 -21,1 M -1,94 M -1,94 M
Net Debt 2022 6,72 M 0,62 M 0,62 M
P/E ratio 2022 -22,5x
Yield 2022 -
Capitalization 460 M 42,4 M 42,4 M
EV / Sales 2022 1,09x
EV / Sales 2023 0,98x
Nbr of Employees 147
Free-Float 73,3%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 35,70 NOK
Average target price 55,00 NOK
Spread / Average Target 54,1%
EPS Revisions
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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