Norway
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IT
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OB:CYVIZ

Cyviz Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

February 16, 2025

Cyviz (OB:CYVIZ) Full Year 2024 Results

Key Financial Results

Revenue: kr595.1m (up 1.7% from FY 2023).
Net income: kr18.7m (up 407% from FY 2023).
Profit margin: 3.2% (up from 0.6% in FY 2023).
EPS: kr1.45 (up from kr0.29 in FY 2023).

revenue-and-expenses-breakdown — OB:CYVIZ Revenue and Expenses Breakdown February 16th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cyviz EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of kr259.6m (44% of total revenue). Notably, cost of sales worth kr481.8m amounted to 81% of total revenue thereby underscoring the impact on earnings.Over the last 12 months, the company's earnings were enhanced by non-operating gains of kr6.06m. Explore how CYVIZ's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the IT industry in Norway.

Performance of the Norwegian IT industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Cyviz that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.