Asker, Norway, 13 September 2023

Change in strategic direction for Design-Build-Operate (DBO) 

Cambi, a global leader in wastewater sludge treatment solutions, makes a
strategic prioritization that emphasizes its core strengths as a technology
solutions provider and positions the company for sustainable growth. 

Cambi still believes the global private financing trend will be attractive, and
that the company would be in a strong position to own and operate plants.
However, the company has decided to reduce its efforts to actively seek plant
ownership going forward. As part of this change, the DBO Project subsegment will
no longer be a strategic priority. 

The Board sees clear growth trends in the industry that Cambi can harness to its
advantage by being neutral in public tenders. These trends include urbanization,
circular economy, tightening regulations, and the global push for net-zero
emissions, all of which align with Cambi's technology offerings.

Utilities worldwide are committing to achieving 'Net Zero' emissions,
necessitating a technological transformation that Cambi is well-equipped to
lead. To maximize these opportunities, Cambi will remain neutral in public
tenders, avoiding exclusive partnerships in DBO projects that limit its reach.

The change in strategic direction does not prevent Cambi from entering into DBO
projects in the future. The company will always seek to engage in activities
that result in the most adaptation of its technology offering world-wide.

Proposed shareholder dividend

As part of the private placement, it was communicated to the market that the
added capital was intended to be used to invest in DBO projects in the pipeline,
as well as to invest in the international expansion of Grønn Vekst. Cambi has
subsequently made one acquisition and had significant organic growth. The
organic growth has largely been financed through operations. 

Cambi currently has no plans for major investments in DBO projects that are not
financed through operations. In this situation, the Board sees that the company
has significant surplus liquidity. Against this background, the Board proposes a
dividend payment of NOK 0.60 per share. 

The proposed dividend is subject to approval by an Extraordinary General
Meeting. 

Cambi remains committed to investing in both organic and inorganic growth
opportunities, extending its technology leadership positions, and producing
significant value for its shareholders. 



For more information, please contact:  
Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com
Eirik Fadnes, CEO, +47 907 20 014, eirik.fadnes@cambi.com  



About Cambi:
Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 27 countries on six continents.
Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
all biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all
sludge and waste treatment regulations and easy to integrate at new and existing
anaerobic digestion sites.
Cambi is listed on Euronext Growth Oslo, a multilateral trading facility in
Euronext, Europe's largest stock exchange platform. Find out more at cambi.com.