Cambi meets NOK 1 billion equipment order intake estimate for 2022-2023

07 Mar 2023 15:21 CET

Asker, Norway, 7 March 2023


Reference is made to the two stock exchange notices from Cambi earlier today
regarding the fourth-quarter report for 2022 and the signature of the
construction contract for the project in Fredrikstad.



In the fourth-quarter report, Cambi reiterated its expectation to sign equipment
contracts with a total value of NOK 1 billion during the two-year period
2022-2023. At the end of 2022, the company had signed equipment contracts worth
NOK 911 million.



Following today’s announcement of the construction contract in Fredrikstad,
Cambi is pleased to announce that the target of signing NOK 1 billion of
equipment orders has been met.



Eirik Fadnes, CEO, remarked: “We are pleased to meet the order intake target for
equipment sales for the two-year period 2022-2023 within five of the period’s
eight quarters. Supported by macro trends driving demand for our products and
services, I am confident that Cambi will continue to deliver profitable growth
in the coming years.”



The achievement is testimony to Cambi’s attractive value proposition to many
water utilities and industries, proving the company’s growth potential.





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 many well-performing
installations in 25 countries on six continents.

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

584473_2023.03.07 - Press Release - Cambi meets NOK 1 billion order intake estimate for 2022-2023.pdf