Cambi ASA: Third-quarter results 2024

06 Nov 2024 17:00 CET

Cambi's third-quarter revenues were NOK 278 million, an 18% increase over the
same period in 2023. Progress was made across several construction contracts,
and Cambi continues to meet customer delivery timelines and expectations. As of
the quarter's end, the order backlog stood at NOK 1,324 million, providing a
strong foundation for revenue conversion in future quarters.


Key highlights - in NOK million
Q3 2024 (Q3 2023)
Revenue 277 (235)
EBITDA 68 (70)
Order intake 117 (983)
Order backlog 1,324 (1,791)


Comment from Cambi's CEO, Per Lillebø:

"Cambi had a good third quarter as we continued to convert our backlog into
revenue and fulfil customer commitments in both the Technology and Solutions
segments. We also launched a new visual identity and website in September and,
just this week, a new investor portal to enhance engagement with our
stakeholders globally. I am confident in Cambi's potential for continued growth
and commend the team for their dedication in meeting our strategic goals."


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 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 strong project delivery and customer support
capabilities, the company has delivered many well-performing installations in 27
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

631434_2024.11.06 - Press Release - Cambi ASA third-quarter 2024 results.pdf
631434_Cambi Q3 2024 Report.pdf
631434_Cambi Q3 2024 Presentation.pdf