Soiltech posted record revenue of NOK 48.9 million in the fourth quarter. The EBITDA was NOK 8.9 million and the company recorded a profit before tax of NOK 5.8 million. It is important to note that these figures include NOK 4 million in one-off costs for the quarter. For the full year 2021, revenue amounted to NOK 136.8 million, the EBITDA came in at 26 million and the company delivered a profit before tax of NOK 14.1 million.
- We continue to see an increased demand for our cleantech services, both in Norway and internationally. Importantly, there are growth possibilities across the entire range of technologies that we offer and we are exploring a number of interesting opportunities, said Oluf Bergsvik, CEO of Soiltech AS.
Soiltech currently has 19 contracts with major clients for onsite handling, treating and recycling of contaminated waste streams. During the first quarter of 2022, Soiltech has secured two new contracts for treating contaminated water – for RepsolSinopec in the UK and Aker BP in Norway.
Please find attached the full Report for fourth quarter 2021.
Soiltech is an industry leading cleantech service provider specializing in treating, recycling and responsible handling of contaminated industrial waste streams.
Soiltech has 70 employees and is headquartered in Norway. The company operates worldwide and has offices in the UK, Abu Dhabi and Saudi Arabia. Soiltech is listed on Euronext NOTC in Norway under the ticker SOIL.