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