Sunday, 16 June 2019

Finance News

EIVA a/s Reports Strong Results for 2018 with High Expectations for 2019

The EIVA a/s annual report 2018 shows that it was a successful year for the company with significant growth of all product areas and strong EBITDA and net results.

EIVA CEO Jeppe Nielsen commented: ‘Where 2017 was a good year, 2018 delivered even stronger growth and results than expected, resulting in more than 38% growth in gross profit and 77% growth in EBITDA. All product areas have grown, comprising EIVA software and hardware, rental and our third-party equipment sales.’

EIVA’s strategy of increasing investment in its own product development in line with install base growth has led to the expansion of their team in 2018 as well – resulting in even more product capabilities to sustain future growth. For 2019, this means the release of more new products and more features, both towards existing customer segments and expanding into new ones. ‘EIVA’s 2019 prospects are therefore positive with expectation of further growth based on current market conditions, not least due to encouraging developments seen in the various market segments,’ said Jeppe Nielsen.

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