In the fourth quarter of 2023 Soiltech continues the growth and delivered another strong quarter, with revenues of MNOK 58, EBITDA from operations of MNOK 13.6, and profit before tax of MNOK 14.8.
For the full year of 2023, revenues came to MNOK 229.3, a growth of 28.5% compared to 2022. EBITDA from operations came to MNOK 51.2 whereas Profit before tax was MNOK 32.3.
The success can be attributed to an increasing demand for Soiltech’s innovative and sustainable waste treatment technologies, as clients are looking for solutions reducing their carbon emissions.
HIGHLIGHTS
- Our global footprint expands, with international operations accounting for 27% of revenues, with operations in 10 countries in 2023
- Several new contracts announced
- Excellent operational performance with full commercial uptime on all operating units
“Soiltech deliver strong results in Q4. The new contracts in the quarter demonstrate the strength of our technology portfolio and the commitment of our personnel. Our international operations are growing, while the North Sea market continue to be very strong for Soiltech.” 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.
Soiltech Q4 and Full Year 2023 Results_
