2023-02-27 | Regulatory

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Interim Report Scandinavian Enviro Systems AB (publ) January – December 2022

Continued important steps toward broad commercialization and industrialization.

Q4 2022

  • Net revenues for the period were MSEK 2.0 (1.0)
  • Earnings after tax for the period were MSEK -25.0 (-18.1)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.02)
  • Cash flow for the period after investments was MSEK -26.2 (-16.6)
  • Enviro receives pyrolysis oil order worth MSEK 2 from Preem
  • Michelin unveils the world’s first two tyres approved for road use containing 45% and 58% of sustainable materials, respectively amongst which recovered carbon black from Enviro.
  • Construction permit granted for Enviro’s planned facility in Uddevalla
  • Leading US oil company has made successful production tests with Enviro’s oil
  • Michelin and Bridgestone foresee that demand for up to 1 million tons of recovered carbon black by 2030

Jan-Dec 2022

  • Net revenues for the period were MSEK 8.0 (7.6)
  • Earnings after tax for the period were MSEK -83.6 (-57.0)
  • Earnings per share for the period (before dilution) was SEK -0.13 (-0.10)
  • Cash flow for the period after investments was MSEK -98.5 (-55.7)
  • Enviro appoints Staffan Kullberg as new CFO
  • Construction permit application submitted for Enviro’s planned facility in Uddevalla
  • Enviro initiates detailed design stage for its plant in Uddevalla
  • Enviro receives a pyrolysis oil order worth MSEK 2 from a subsidiary of a leading US oil company
  • 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
  • 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 tyre using Enviro’s recovered carbon black
  • Enviro granted renewed loan of MSEK 6.5 associated with Åsensbruk operations

Significant events after end of period

  • Enviro receives follow-up order for oil from a leading US oil company
  • After the period-end, Enviro secured financing in the form of an external loan of MSEK 40.