Norway's Cambi Q2 revenue falls on timing effect; order intake strong
Norway's Cambi Q2 revenue falls on timing effect; order intake strong
Overview
Norway water treatment tech firm's Q2 revenue and EBITDA declined yr/yr
Order intake for Q2 jumped to NOK 554 mln, lifting backlog to NOK 1.5 bln
Company says lower revenue reflects project timing, not market demand
Outlook
Management maintains 2026 operating profit will be lower than in 2025
Company says the UK remains its strongest near-term market
Cambi says order backlog is increasing and project execution is progressing well
Result Drivers
PROJECT DELIVERY CYCLE - Co said lower revenue and earnings reflect timing of project deliveries, not a change in market opportunity
STRONG ORDER INTAKE - Q2 order intake rose sharply due to new awards in India, New Zealand, and Norway
Company press release: ID:nObikhVVma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| NOK 265 mln |
|
Q2 EBITDA |
| NOK 26 mln |
|
Q2 Orders |
| NOK 554 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the water & related utilities peer group is "buy."
Wall Street's median 12-month price target for Cambi ASA is NOK30.00, about 40.2% above its August 17 closing price of NOK21.40
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 20 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)