Cambi's quarterly results show a record-high order intake and accelerated project execution. A dividend of NOK 0.15 per share is announced

Asker, Norway, 7 March 2023 

Fourth-quarter results saw accelerated project execution as supply chain
challenges started to ease. Revenue in the fourth quarter amounted to NOK 157
million, up from NOK 87 million in the same quarter of 2021. EBITDA was NOK 29
million, up from NOK -5 million in the fourth quarter of 2021. Revenue for the
full-year 2022 was NOK 440 million, slightly below NOK 458 million in 2021. The
full-year EBITDA was NOK 3 million, down from NOK 39 million in 2021.  

 

Cambi has communicated an expectation to sign equipment contracts with a total
value of NOK 1.0 billion in the two years 2022-2023. With an equipment order
intake of NOK 911 million in 2022 alone, Cambi expects to reach its two-year
estimate shortly. For the period 2023-2024, Cambi estimates to sign new
equipment contracts with a total value of NOK 1.2 billion. 

 

For the year 2022, Cambi will pay a dividend of NOK 0.15 per share. The proposed
dividend is subject to approval by the Annual General Meeting on 10 May 2023.
Cambi aims to increase the nominal dividend per share in the next two-year
period to a payout ratio of 60-80% of net profits. 

 

Eirik Fadnes, CEO, remarked: "Overall, we delivered a strong fourth-quarter
result. The organisation performed excellently in 2022, with gross margin
expansion and improved operating cash flow. We recorded an all-time high order
intake and saw record demand for spare parts and other services. We started the
year 2023 with an order backlog of more than NOK 1 billion and expect to achieve
growth in both revenue and profits. Reflecting this confidence, I am pleased to
announce that the Board has proposed a dividend of NOK 0.15 per share." 

 

The results will be presented online today at 10:00 AM CET. Participants can
register at the link: https://link.cambi.com/q4-2022. Questions can be sent in
advance upon registration or by email to investor@cambi.com. A presentation
recording will be available on the website later today. The full report and
slides are available on Cambi's website
(https://www.cambi.com/investors/reports-and-presentations/) and NewsWeb
(https://newsweb.oslobors.no/). 

 

For more information, please contact:   

Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com   

Eirik Fadnes, CEO, +47 907 20 014, eirik.fadnes@cambi.com 

 

 

About Cambi: 

Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 25 countries on six continents. 

Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
all biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all
sludge and waste treatment regulations and easy to integrate at new and existing
anaerobic digestion sites. 

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility in
Euronext, Europe's largest stock exchange platform. Find out more at cambi.com.

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