Sewage tech firm Cambi's Q3 revenue rises on Solutions segment growth

Cambi ASA

Tue 16:15

Overview
Norway water treatment tech firm's Q3 revenue rose yr/yr, driven by Solutions segment growth
Q3 EBITDA increased slightly from a year earlier
Company declared additional NOK 0.45 per share dividend

Outlook
Company says focus remains on strengthening organisation to support long-term growth

Result Drivers
SOLUTIONS SEGMENT - Higher activity in the Solutions segment drove Q3 revenue growth
NEW MARKETS - First contracts in Egypt and Portugal contributed to order intake and future growth
ORDER BACKLOG - Increased order backlog supported ongoing business activity

Company press release: ID:nObiQrJfDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
NOK 269 mln
 
Q3 EBITDA
 
NOK 45 mln
 
Q3 EBITDA Margin
 
17.00%
 
Q3 Orders
 
NOK 346 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 33.3% above its November 2 closing price of NOK22.50
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Nov 3 - Norway's Norconsult Q3 profit falls
Nov 3 - Norway's Multiconsult Q3 EBITA drops on restructuring costs
Nov 3 - Portugal readies strict water, energy rules for data centre boom

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)