Soiltech had record high revenue in the second quarter with revenues amounting to MNOK 69.7. Adjusted EBITDA was MNOK 14.2 whereas profit before tax came to MNOK 2.7.
KEY POINTS IN THE QUARTER
- Record high revenue for a quarter
- Several new contracts signed
- Full commercial uptime across all operations
- Contemplated listing of Soiltech on Oslo Børs in September
The revenues in the first six months of 2024 amounted to MOK 125.7, a growth of 20% compared to 2023, adjusted EBITDA came to MNOK 24 whereas profit before tax came to MNOK 5.8.
The high activity was due to an increased demand for Soiltech’s sustainable waste treatment and recycling services across our technology portfolio, as the decarbonization of the energy sector continue to gain momentum and discharge regulations are tightening.
“Soiltech continue to gain market shares, both in Norway and internationally. The market’s response to our technology offering has been fantastic. This is all due to our innovative approach and the expertise and service attitude of the Soiltech team”, says Soiltech’s CEO Jan Erik Tveteraas
About Soiltech
Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste at site. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse.
Soiltech operates world-wide and is headquartered in Norway. We are listed on Euronext NOTC in Norway under the ticker SOIL.
Date: 13. August 2024
Contact:
Tove Vestlie, CFO, +47 90690648
Jan Erik Tveteraas, CEO, +47 95214925
