Asker, Norway, 7 March 2024
Cambi delivered a solid financial performance in the fourth quarter and for the
full year 2023, with increasing operating income and profitability. The
operating income in 2023 more than doubled compared to 2022. A substantial order
backlog provides good financial visibility for future activity. The Board has
proposed distributing shareholder dividends of NOK 1.00 per share for the fiscal
year 2023. Cambi reiterates its ambition to pay out dividends of 60-80% of net
profits for the fiscal year 2024.
Key highlights
(in NOK million)
Key highlights Q4 2023:
- Operating income: NOK 294 million
- EBITDA: NOK 59 million
- Order intake: NOK 46 million
- Order backlog: NOK 1,542 million
Key highlights FY 2023:
- Operating income: NOK 977 million
- EBITDA: NOK 249 million
- Order intake: NOK 1,453 million
- Order backlog: NOK 1,542 million
Comment from Cambi’s CEO, Eirik Fadnes
“We are thrilled to share our fourth-quarter results, marking a phenomenal year
at Cambi with an all-time high operating income for the quarter and the full
year. I am extremely proud of the team’s achievements as we continue to be a
reliable and trusted partner for many water utilities worldwide, delivering
high-quality projects on time and budget. Our team's dedication has propelled us
to seven new cities, bringing our innovative solutions to an additional 6
million people, more than Norway's population. The growing demand in our
Services division and Grønn Vekst's remarkable achievements underline our
momentum. As we reflect on our accomplishments, we are eager to explore future
opportunities.”
Webcast
The results will be presented online today at 10:00 am CET via livestream
accessible at https://www.cambi.com/investors/livestream/.
Questions can be emailed to Investor Relations at investor@cambi.com before and
during the event and will be answered after the presentation. A presentation
recording will be accessible on the website.
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:
Eirik Fadnes, CEO, +47 907 20 014, eirik.fadnes@cambi.com
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
27 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.
More information:
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