Cambi delivers a solid result in 2020 and nearly doubles backlog

Cambi recorded a fourth-quarter 2020 revenue of NOK 95 million, up from NOK 67 million during the same quarter in 2019. EBITDA was NOK 11 million. The order backlog ended at NOK 438 million, nearly doubled from NOK 221 million in 2019.

“Cambi navigated well through a challenging year. The execution of backlog projects progressed without significant delays or disruptions related to the ongoing pandemic. During 2020, Cambi Group signed the first contracts in Ukraine and Hong Kong, in addition to two projects in both the USA and UK, recording the second-highest order intake in history”, said Eirik Fadnes, CEO Cambi Group.

For the full year 2020, Cambi had revenue of NOK 367 million, compared to NOK 281 million in 2019. EBITDA ended at NOK 26.3 million. The Services and Recycling sub-segments performed well, which, together with cost rationalisation efforts started in 2019, contributed to the bottom line.

“The Grønn Vekst recycling business delivered another record result in 2020, driven by growth from new contracts and strong soil sales. Following the reorganisation in Q4, Cambi Invest increased the focus on creating investment opportunities related to the THP technology. The successful listing on Euronext Growth is an important enabler for us,” said Maarten Kanters, Managing Director Cambi Invest.

The Board of Directors and the President and CEO of Cambi ASA approved the report and unaudited interim financial statements on Monday, March 8, 2021.

A presentation of the results is scheduled later today at 12:00 PM CET. Register to join the presentation by following this link: https://us02web.zoom.us/webinar/register/6616148476560/WN_RCu4lNp_R6yzDwfZ7Vjriw.

A Q&A session will be held immediately after the presentation. You may send your questions in advance through the registration form or to Investor Relations. You can also ask questions during the presentation. A recording of the presentation will be available on the website shortly after the event.

For more information, please contact:
Eirik Fadnes, CEO Cambi Group, +47 907 20 014, investor@cambi.com

About Cambi

Cambi is a global technology and solutions supplier for sustainable biosolids management at wastewater treatment plants. Since 1992, Cambi has developed a proven and patented core technology, built strong marketing, sales, and support capabilities, and a portfolio of well-performing thermal hydrolysis plants globally. The thermal hydrolysis process increases biogas output, reduces greenhouse gas emissions, and destroys pathogens and other harmful substances, enabling the production of excellent quality organic fertilisers and various soil products. Cambi is publicly listed on Euronext Growth Oslo, a multilateral trading facility and part of Euronext, the largest stock exchange platform in Europe. Find out more at cambi.com 

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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