Cyviz AS

Earnings Release • Aug 31, 2023

Cyviz AS - Q2 2023: 33 percent revenue growth and 132 percent EBITDA improvement

Cyviz AS - Q2 2023: 33 percent revenue growth and 132 percent EBITDA improvement

31.8.2023 07:00:01 CEST | Cyviz | Half yearly financial reports and audit

reports / limited reviews

Cyviz today announced its results for the second quarter of 2023, with NOK 160

million in operating revenue, a 33 percent increase compared to the same quarter

in 2022. The company's EBITDA increased by 132 percent to NOK 11.6 million. The

rolling 12-months EBITDA is now at NOK 37 million.

"The growth and strong performance come in a quarter where Cyviz has experienced

continued high demand for our advanced digital collaboration solutions. Our

products are performing very well in a global market driven by strong trends

such as hybrid office, cost reduction, and climate focus," says Espen Gylvik,

CEO of Cyviz.

Over the last 12 months, Cyviz has had an order intake of NOK 632 million, a 42

percent growth compared to one year earlier.

"It's great to see that we continue to sell to existing customers who continue

to invest in Cyviz technology. At the same time, in the second quarter, we've

gained new customers from Fortune 100 and 500 companies," says Espen Gylvik.

"We have a strong foundation for further growth and profitability. We continue

to focus on increased professionalism and operational efficiency," says Espen

Gylvik.

New SaaS Platform

Cyviz announces in connection with the Q2 report that in September, they will

launch their new SaaS-based software platform, which opens an entirely new

market within monitoring and management of digital devices. Building on 25 years

of experience in monitoring and managing their own Cyviz solutions, they are now

launching this SaaS-based software platform.

"The development and launch of this new platform are among the most important

strategic moves in Cyviz' history, as it allows us to accelerate the development

of subscription-based business models and recurring revenues. At the same time,

we step out of the meeting rooms and address a much larger market within

infrastructure and digital devices in buildings," says Espen Gylvik.

The new platform enables advanced administration and monitoring of services

within AV, IoT, and IT. The new software platform will allow Cyviz to expand

their current business and become more of a technology company, which will be

significantly more attractive to partners, while also increasing their current

ability to reach entirely new customers. This will contribute to generating a

much larger and recurring revenue stream for their business.

Cyviz maintains its financial goals of annual revenue growth (CAGR) of 30

percent and an EBITDA margin of 15-20 percent in the medium term.

Cyviz AS is presenting its Q2 2023 report and presentation today, Thursday,

August 31, at 09:00 (CEST) and hereby invites investors, analysts, and other

stakeholders to a live webcast. Presenters will be CEO Espen Gylvik and CFO

Marius Skagen. Viewers are encouraged to submit questions during the

presentation through the webcast player.

Link to landing page LIVE and recording:

https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20230831_3

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

* Marius Skagen, CFO & Investor Relations, Cyviz AS, +4798644846,

marius.skagen@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 - http://www.cyviz.com or visit one of our Cyviz

Experience Centers in Atlanta, Benelux, Dubai, Houston, Jakarta, London, Oslo,

Riyadh, Singapore, Stavanger, or Washington DC.

Cyviz is listed on Euronext Growth at the Oslo Stock Exchange (ticker: CYVIZ).

ATTACHMENTS

Cyviz Q2 report 2023.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/2587/3611/Cyviz%20Q2%20report%202

023.pdf

Cyviz Q2 2023 presentation.pdf -

https://kommunikasjon.ntb.no/ir-files/17847582/2587/3612/Cyviz%20Q2%202023%20pre

sentation.pdf