2024-02-29 | Regulatory

PDF

Interim Report Scandinavian Enviro Systems AB (publ) January – December 2023

Intensive and exhaustive work laid the basis for the final investment decision.

Q4 2023

  • Net revenues for the period were MSEK 3.2 (2.0)
  • Earnings after tax for the period were MSEK -23.6 (-25.0)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.04)
  • Cash flow for the period after investments was MSEK -28.4 (-26.2)
  • Enviro has developed new type of recovered carbon black with improved properties
  • Enviro wins prestigious award at the Recircle Awards – third year in a row

Period of January-December 2023

  • Net revenues for the period were MSEK 13.9 (8.0)
  • Earnings after tax for the period were MSEK -92.3 (-83.6)
  • Earnings per share for the period (before dilution) was SEK -0.12 (-0.13)
  • Cash flow for the period after investments was MSEK -113,4 (-98.5)
  • Enviro receives follow-up order for oil from a leading US oil company
  • Enviro and Antin Infrastructure Partners to create the world’s first large-scale tire recycling group, supported by Michelin
  • 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
  • Enviro’s recovered oil and carbon black receives renewed ISCC sustainability certification
  • Enviro and Siemens signs MOU regarding cooperation around the European expansion plan

Significant events after end of period

  • Enviro and Antin announces final investment decision for plant in Uddevalla
  • Enviro receives MSEK 53 as a first payment for costs incurred, 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