Asker, Norway, 7 May 2024
Cambi delivered revenues of NOK 216 million, up 3% compared to the first quarter
of 2023. There was overall good progress on construction contracts, delivering
on our customer commitments. However, fewer progress milestones were met in the
quarter compared to the preceding quarters. The EBITDA margin was 17%. A solid
order intake, with notable contracts in both the Technology and Solutions
segments and a book-to-bill ratio of 1.9x, lifted the order backlog during the
quarter by 12%.
Key highlights for Q1 2024 (Q1 2023) in NOK million
Revenue 216 (210)
EBITDA 36 (57)
Order intake 401 (223)
Order backlog 1,727 (1,079)
Comment from Cambi’s CEO, Eirik Fadnes
“Following a good year in 2023 where we executed well, we had a good start to
2024 with a construction and an engineering contract in the Technology segment,
in Honolulu and Dunkirk, respectively, as well as a large biosolids handling
contract in the Solutions segment in Oslo.
In our encounters with leading water utility companies and consultants, we are
registering a high and growing interest in Cambi's solutions in many markets. I
am optimistic that this interest will gradually turn into new projects and
long-term value creation for urban communities and our shareholders.
With a solid order backlog, a growing installed base, and a growing services
team supporting THP plant owners globally, we are in a good position to deliver
on our growth strategy."
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:
Access the news on Oslo Bors NewsWeb site
