2022-08-24 | Regulatory

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Half Year Report Scandinavian Enviro Systems AB (publ) January – June 2022

A quarter during which we passed several key milestones

Q2 2022

  • Net revenues for the period were MSEK 1.9 (0.5)
  • Earnings after tax for the period were MSEK -21.3 (-15.3)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.03)
  • Cash flow for the period after investments was MSEK -25.8 (-15.7)
  • Enviro granted environmental permit for planned facility in Uddevalla
  • Enviro’s pyrolysis oil approved under REACH – the company is now to execute a MSEK 2 order
  • Enviro launches a new branding platform
  • Michelin presents an even more sustainable racing tyres using Enviro’s recovered carbon black
  • Enviro granted renewed loan of MSEK 6.5 associated with Åsensbruk operations

Jan-Jun 2022

  • Net revenues for the period were MSEK 3.3 (5.1)
  • Earnings after tax for the period were MSEK -39.1 (-27.4)
  • Earnings per share for the period (before dilution) was SEK -0.06 (-0.05)
  • Cash flow for the period after investments was MSEK -47.6 (-25.0)
  • Enviro receives a pyrolysis oil order worth MSEK 2 from a subsidiary of a leading US oil company
  • Enviro has EUR 32,000 loan converted to grant as a result of establishment in Chile
  • Enviro receives order for recovered carbon black from a major European tyre manufacturer
  • Sharp increase of interest in Enviro’s recovered materials as a result of the war in Ukraine