2022-11-24 | Regulatory

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

Slowly but surely, the pieces are falling into place for our industrialisation and incipient commercialisation.

Q3 2022

  • Net revenues for the period were MSEK 2.7 (1.4)
  • Earnings after tax for the period were MSEK -19.5 (-11.6)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.02)
  • Cash flow for the period after investments was MSEK -24.7 (-14.1)
  • 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

Jan-Sep 2022

  • Net revenues for the period were MSEK 6.0 (6.5)
  • Earnings after tax for the period were MSEK -58.6 (-38.9)
  • Earnings per share for the period (before dilution) was SEK -0.09 (-0.07)
  • Cash flow for the period after investments was MSEK -72.3 (-39.0)
  • 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 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