2024-08-22 | Regulatory

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Half Year Report Scandinavian Enviro Systems AB (publ) January – June 2024

Construction continues of our joint green cathedral.

Second quarter 2024

  • Net revenues for the period were MSEK 58.5(3.6)
  • Earnings after tax for the period were MSEK 30.5 (-25.3)
  • Earnings per share for the period (before dilution) was SEK 0.04 (-0.03)
  • Cash flow for the period after investments was MSEK -52.4 (-27.0)
  • Enviro receives additional MSEK 54 payment for costs incurred, of which half in cash and half as ownership share in joint venture
  • Enviro’s recovered pyrolysis oil has been successfully processed by Neste into raw materials for chemicals and plastics

Period of January – June 2024

  • Net revenues for the period were MSEK 116.2 (7.7)
  • Earnings after tax for the period were MSEK 61.3 (-49.7)
  • Earnings per share for the period (before dilution) was SEK 0.08 (-0.07)
  • Cash flow for the period after investments was MSEK -58.3 (-56.0)
  • Enviro, Michelin and Antin announces final investment decision for plant in Uddevalla
  • In total the Company has received MSEK 107 during the first half year, of which half in cash and half as ownership share in joint venture
  • Fredrik Emilson new CEO of Enviro
  • The construction of the Enviro’s plant in Uddevalla has received starting notice

Significant events after end of period

  • Enviro receives order for 500 tons of tire pyrolysis oil from repeat customer
  • Enviro has received MSEK 25.6 in milestone compensation of which half in ownership in the joint venture