M Vest Water: Release of second quarter and first half-year 2024 results – First international contracts and technology breakthroughs

11 Sep 2024 07:00 CEST

Bergen, Norway, 11 September 2024. M Vest Water today published the financial
results for the second quarter and first half-year of 2024.


Key summary from the second quarter of 2024:
• First international contracts: Middle East (Oil and Gas) and Iceland (salmon
slaughterhouse).
• Technology breakthrough – complete substitution of synthetic polymers for our
clients in dredging, municipal wastewater, Sand & Gravel washing, and Mining.
• Signed an Agent Agreement with Energy Support Trading (EST) to boost sales in
the Middle East.
• Surpassed last year's total revenue by the end of the second quarter.
• Private placement completed, securing 28 MNOK in capital.

During the second quarter of 2024, M Vest Water achieved significant progress in
both commercial and technological sectors, alongside notable improvements in its
financial performance.

“Looking ahead, our business plans and ongoing commercial activities indicate
that we expect continued growth in chemical sales, further strengthening our
recurring revenue streams in the upcoming periods”, says Executive Chairman Tor
Olav Gabrielsen.


Executive Chairman Tor Olav Gabrielsen and CFO Morten Hilton Thomassen will
present the company’s results on Wednesday, 11 September 2024 at 10:00 CET, and
invite investors, analysts, and other stakeholders to join the presentation.

Please register by using the following link:
https://us06web.zoom.us/webinar/register/WN_P5L1cBr8QBqStVU1oTcj_g


Expected duration: 30 minutes incl. Q&A.

The recording of the webcast and the presentation material will be published on
the Company's website afterward.



For any questions, please contact:
Morten Hilton Thomassen, CFO mht@mvestwater.com +47 92 25 85 70



About M Vest Water AS:
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as well
as the Municipal markets. The products are non-toxic, biodegradable and without
any harm to the environment. It obtains the highest degree of purification in a
cost-efficient arrangement. M Vest Water is listed on Euronext Growth under the
ticker MVW. For more information, visit www.mvestwater.com. This information is
subject to the disclosure requirements pursuant to Section 5-12 the Norwegian
Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

627453_MVW Half Year Second Quarter report 2024.pdf