Vizrt Reports Q4 and 2012 Results - Growth in APAC and The Americas partially offsetting continued market softness in Europe
Continued margin growth Bergen, Norway, February 14, 2013. Vizrt Ltd. (Oslo Main List: VIZ) Revenues of MUSD 121.8 for 2012, flat on a dollar neutral basis, compared to MUSD 125.3 in 2011, despite the challenging market conditions for most of 2012. Gross margin and recurring EBIT[1] improved compared to 2011. The MAM product line continued to grow, despite the economic uncertainties. Geographically, APAC and the Americas posted 9% growth each, partially offsetting slowdown in Europe. Vizrt posted a recurring EBIT of MUSD 19.3 (16% margin) for FY 2012 and MUSD 7.0 (23% margin) in Q4