Asker, Norway, 20 August 2024
Cambi delivered revenues of NOK 306 million in the second quarter, up 29%
compared to the same quarter of 2023. There was solid progress on many
construction contracts, and Cambi is meeting all its customer commitments. At
the end of the quarter, the order backlog was reported at NOK 1,484 million,
providing a solid financial foundation.
Key highlights for Q2 2024 (Q2 2023) in NOK million
Revenue 306 (238)
EBITDA 82 (64)
Order intake 63 (201)
Order backlog 1,484 (1,042)
Comment from Cambi's CEO, Eirik Fadnes
“We are incredibly proud to have achieved a significant milestone for this
quarter, surpassing for the first time in Cambi's history the NOK 1 billion mark
for revenue over a rolling-twelve-months basis. The achievement is a testament
to the team's hard work on a backdrop of a positive long-term trend for our
industry. This quarter's solid financial results demonstrate our ability to
execute effectively as we continue actively converting our backlog into revenue
and fulfilling our customer commitments."
Webcast
The results will be presented online today at 10:00 am CEST 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 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:
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 supplier of biogas technology and solutions for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, it has retained
market leadership through continuous innovation and a robust portfolio of proven
and patented technologies. With solid project execution and customer support
capabilities, the company has delivered well-performing installations in 27
countries worldwide.
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 fits most 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.
