From the start of the second quarter, the company expects to sign equipment contracts with a total value of NOK 1 billion by the end of 2023, and NOK 1.7 billion by the end of 2024.

Norway: As per an official statement of the company, the first quarter of 2022 for it was affected by higher raw material and fuel prices, supply chain disruptions, and the project in Ukraine being on hold due to force majeure.

First-quarter revenue was NOK 69 million (NOK 108 million), with EBITDA before non-recurring items at NOK (21.1) million. Order intake was NOK 15 million (NOK 153 million), bringing the order backlog to NOK 406 million (NOK 483 million).

Cambi sent more formal proposals during the first quarter this year than last year, including projects with alternative financing solutions and delivery models.

From the start of the second quarter, the company expects to sign equipment contracts with a total value of NOK 1 billion by the end of 2023, and NOK 1.7 billion by the end of 2024.

Eirik Fadnes, Cambi CEO, had this to say: “Although the Russian invasion in Ukraine and continued challenges in supply chain limited the revenue recognition in the quarter, we are confident to deliver on our customers’ project schedules. Our sales pipeline remains robust as cities and water utilities are increasingly investing in renewable energy and setting net-zero pledges. Cambi’s value proposition is stronger than ever.”

Cambi is a global technology and solutions supplier for sustainable biosolids management at wastewater treatment plants. Since 1992, Cambi has developed a patented and proven core technology, built strong marketing, sales, and support capabilities, and a portfolio of well-performing thermal hydrolysis plants in 25 countries on all continents. The thermal hydrolysis process increases biogas output, reduces greenhouse gas emissions, and destroys pathogens and other harmful substances, enabling the production of excellent quality organic fertilizers and various soil products. Cambi is listed on Euronext Growth Oslo, a multilateral trading facility and part of Euronext, the largest stock exchange platform in Europe.

“Last year, we intensified our efforts around three key areas. First, we’re helping our customers become more effective stewards of their water resources, particularly through our digitally enabled solutions and services. Second, we’re addressing climate mitigation by helping decarbonize the water sector through high-efficiency technologies and our own net-zero carbon commitments. Lastly, we continue to work to advance equitable access to clean water and sanitation around the globe.”

Xylem provides advanced solutions and services that enable utilities, industrial companies, and other water consumers to optimize their networks while achieving their own sustainability goals. As one of many examples, in 2021, Xylem’s technologies helped customers reuse more than 285 billion gallons of water. Building on its work to accelerate the decarbonization of the water sector, the company’s solutions helped customers reduce their carbon footprint by 0.73 million metric tons of CO2.

Last year, Xylem formalized its commitment to achieving net-zero carbon emissions across its own value chain before 2050. In addition to reducing its Scope 1 and 2 net GHG emission intensity by 12 percent, Xylem is now running more than half its major facilities on 100 percent renewable electricity. In 2021, the company embarked on an ambitious fleet electrification program which delivered a 31 percent reduction in fleet GHG emissions in Europe in its first year of the program and cut fleet GHG emissions in the US by 19 percent.

In 2021, amid intensifying severe weather events, Xylem increased its humanitarian support for communities impacted by water-related disasters, providing expertise, technology, and equipment to more than 15 countries. Xylem reached 1.4 million people with water education, in large part driven by the launch of a new three-year partnership with UNICEF in India.

“2021 was a year in which we continued to operationalize our sustainability commitments throughout the organization,” said Claudia Toussaint, Xylem’s Chief People, and Sustainability Officer. “We built more robust internal reporting and controls, established subject matter expertise across functional areas like product development, operations, and supply chain, and integrated sustainability into all that we do — from the factory floor to the boardroom. Crucially, we also took steps to structure our workplace in a way that best supports the personal and professional growth of our diverse, 17,000-strong team – the driving force in our mission to solve water.”

Other key highlights detailed in the report, and driving progress toward Xylem’s sector-leading 2025 sustainability goals, include:

• Engaged nearly 6,000 diverse global youth in water innovation programs such as Xylem Ignite and Stockholm Junior Water Prize, fostering the next generation of water sector talent;
• Contributed 113,000 employee volunteer hours, with 78 percent of employees participating in activities to solve water in their local communities; and
• Engaged 400 suppliers in the WASH4WORK pledge for access to safe Water, Sanitation, and Hygiene (WASH).

Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Its 17,000 diverse employees delivered revenue of $5.2 billion in 2021. It is helping communities in more than 150 countries become water-secure.

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