Cambi ASA: Fourth-quarter results 2024

 

Asker, Norway, 3 March 2025


Cambi delivered solid financial results in the fourth quarter and full-year
2024, driven by strong overall execution of its ongoing project portfolio,
ensuring deliveries on clients' project schedules. The company passed the NOK 1
billion annual revenue milestone for the first time and plans to distribute 80%
of net results as shareholder dividends, which is at the high end of the
previously communicated range.


Comment from Cambi's CEO, Per Lillebø:

"2024 was a year of good execution and strategic progress for Cambi. We invested
in the organisation and continued to strengthen our position as a leader in
sustainable sludge management, ready for future growth. While order intake
fluctuates between quarters, our growing pipeline and strong customer
relationships reinforce confidence in future opportunities.

As we enter 2025, we will focus on robust operations, innovation, and
disciplined growth to create long-term value for our shareholders while driving
sustainable impact in the wastewater sector."


Key highlights(in NOK million)

Key highlights Q4 2024 (Q4 2023): 
- Operating income: 234 (294) 
- EBITDA: 39 (59) 
- Order intake: 143 (46) 
- Order backlog: 1,232 (1,542) 
 
Key highlights FY 2024 (FY 2023): 
- Operating income: 1,033 (977) 
- EBITDA: 226 (249) 
- Order intake: 724 (1,453)  

EBITDA for the fourth quarter was NOK 39 million, compared to NOK 59 million in
the same period one year earlier. The decrease is due to negative EBITDA in the
Solutions segment. For the full year, EBITDA was NOK 226 million, compared to
NOK 249 million in 2023.

Cambi signed one THP contract in the fourth quarter, for a project in Palma de
Mallorca, Spain. As of the end of 2024, the order backlog stood at NOK 1,232
million, providing good revenue visibility for the financial year 2025. 

Following a strategic review, Grønn Vekst has decided to exit the retail soil
market at the end of this year's season and return its focus to its core
operations within garden waste and wastewater sludge handling, and bulk soil
production. The company is exploring different opportunities for the bagging
facility.

The Board of Directors plans to propose to the Annual General Meeting a two-step
dividend payout: NOK 0.30 per share in May as a final repayment of paid-in
capital, followed by a second payment in autumn, pending Board authorisation
after passing additional project milestones. This approach balances shareholder
returns with prudent liquidity management.


Webcast

The results will be presented online tomorrow at 10:00 am CET, and you can join
the live broadcast at https://investors.cambi.com/events

Questions may be submitted to Investor Relations at investors@cambi.com both
before and during the event. They will be addressed in the Q&A session after the
presentation. A recording will also be made available on the website. 

The full report and presentation slides are now posted on Cambi's website
(https://investors.cambi.com/results-and-reports) and NewsWeb
(https://newsweb.oslobors.no/).


For more information, please contact: 
- Per Lillebø, CEO, +47 918 88 365, per.lillebo@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 many well-performing
installations in 28 countries on six continents.

Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is a future-proof
solution 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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