Cambi ASA: First-Quarter Results 2023

Asker, Norway, 9 May 2023 

 
Cambi ASA delivered strong operational and financial performance in the first
quarter of 2023, driven by continued solid execution of the order backlog.
Growing demand for Cambi's offerings is reflected in a record-high order
backlog, high tendering activity and a maturing project pipeline. 

 

Financial highlights for the quarter (numbers in brackets represent the previous
quarter) 

Revenue NOK 210 (157) million  

EBITDA NOK 57 (29) million  

EBITDA margin 27% (18%) 

Order intake NOK 333 (604) million 

Order backlog NOK 1,079 (1,066) million 

 

Comment from Eirik Fadnes, CEO of Cambi: 

 

"I am thrilled to announce a strong start to the year with solid financial
results and operational momentum. This is a testament to the hard work and
dedication of our employees, who continue to deliver exceptional results. 

 

Our strategic focus on innovation, product development, and services has enabled
us to maintain our position as market leader with a compelling value
proposition, as evidenced by a record order backlog, maturing project pipeline
and a global market share of more than 80%. 

 

Looking ahead, I am confident that we will achieve significant growth in revenue
and EBITDA this year." 

 

The results will be presented online today at 11:00 AM CET. Participants can
register at https://link.cambi.com/q1-2023. Questions can be sent in advance
upon registration or by email to investor@cambi.com. A presentation recording
will be accessible on the website later today. The complete report and slides
can be found 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   

 

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 well-performing installations in
25 countries across the globe. 

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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