Soiltech had a record high activity in Q2. The revenue was MNOK 64.5. The EBITDA was MNOK 14 whereas profit before tax came in strong at MNOK 7.7. The demand for our sustainable waste treatment and recycling services continues to grow following tightening of environmental regulations globally.
HIGHLIGHTS
- Strong operational performance – full commercial uptime on all units in operation
- International expansion continues – operations performed in Italy, Mexico, and moving to Columbia and Lebanon in Q3
- Entered a new market for pipe cleaning at oil refineries
- Secured a new 7-year loan facility of NOK 73 million with Sandnes Sparebank
“We continue to see a strong demand for our services. Environmental regulations on the pollution of oceans tighten world-wide, while the need for sustainable solutions increases. Soiltech’s STT system cleans contaminated water without the use of chemicals. The STT has been a fantastic success with 25 operations ongoing and 562 million liters of water cleaned,” says Soiltech’s CEO Jan Erik Tveteraas.
ABOUT SOILTECH
Soiltech is an innovative cleantech service provider specializing in sustainable treatment, recycling and handling of contaminated water and solid industrial waste streams. The Company operates world-wide, with its head-office in Sandnes, Norway.