2023-08-23 | Regulatory

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Half Year Report January – June 2023

A quarter with extensive preparatory work ahead of the definitive investment decision regarding Uddevalla.

Q2 2023

  • Net revenues for the period were MSEK 3.6 (1.9)
  • Earnings after tax for the period were MSEK -25.3 (-21.3)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.03)
  • Cash flow for the period after investments was MSEK -27.0 (-25.8)
  • Enviro has successfully completed directed share issue of 150 million shares and raises proceeds of SEK 300 million
  • Enviro’s Chairman and CEO represent the company on the board of new joint venture
  • Recovered carbon black from Enviro in the tires as Michelin celebrates 100 years at Le Mans

Jan-June 2023

  • Net revenues for the period were MSEK 7.7 (3.3)
  • Earnings after tax for the period were MSEK -49,7 (-39.1)
  • Earnings per share for the period (before dilution) was SEK -0.07 (-0.06)
  • Cash flow for the period after investments was MSEK -56.0 (-47.6)
  • Enviro receives follow-up order for oil from a leading US oil company
  • Enviro secured financing in the form of an external loan of MSEK 40.
  • Enviro and Antin Infrastructure Partners to create the world’s first large-scale tire recycling group, supported by Michelin

Significant events after end of period

  • Enviro completes key recruitments central to its future expansion