Soiltech delivers another good quarter. Several new contracts were secured, confirming the strong outlook. We are pleased to see that Soiltech continues to be an attractive partner for our customers.
HIGHLIGHTS – FIRST QUARTER 2023
- Strong operational and HSE performance
- Several new contracts secured
- Equity ratio of 49% and solid cash position
(Numbers in brackets refer to corresponding period in 2022)
RESULTS Q1 2023
- Revenues in Q1 2023 amounted to NOK 40.4m (NOK 43.9m)
- EBITDA from operations was NOK 7.2m (NOK 8.8m)
- Profit before tax came to NOK 1.5m (NOK 4.6m).
About Soiltech
Established in 2011, Soiltech is an innovative cleantech service provider specializing in the treatment, recycling and responsible handling of contaminated water and solid industrial waste streams. Soiltech’s purpose is to provide clean technologies for a greener future.
Our technologies enable significant emission reductions and cost savings through waste reduction, waste recovery and reuse. To date, we have treated more than 500,000 m3 of contaminated water, leading to more than 3,000 tons in reduced CO2 emissions.
Soiltech design, build, own and operate our treatment technologies, providing the services in close cooperation with the customer at their sites. We also offer biodegradable chemistry and solutions for treatment of contaminated water in aquaculture and other industries.
Soiltech is headquartered in Norway and operates world-wide. Soiltech is listed on Euronext NOTC in Norway under the ticker SOIL.
FIRST QUARTER REPORT 2023 SOILTECH
