2023-11-23 | Regulatory

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

After extensive preparatory work, the basis is laid for the final investment decision and the subsequent roll-out of plant.

Q3 2023

  • Net revenues for the period were MSEK 3.0 (2.7)
  • Earnings after tax for the period were MSEK -19.0 (-19.5)
  • Earnings per share for the period (before dilution) was SEK -0.02 (-0.03)
  • Cash flow for the period after investments was MSEK -29.1 (-24.7)
  • Enviro completes key recruitments central to its future expansion
  • Enviro to change Certified Adviser
  • Enviro’s recovered oil and carbon black receives renewed ISCC sustainability certification
  • Enviro and Siemens signs MOU regarding cooperation around the European expansion plan

Jan-September 2023

  • Net revenues for the period were MSEK 10.7 (6.0)
  • Earnings after tax for the period were MSEK -68.8 (-58.6)
  • Earnings per share for the period (before dilution) was SEK -0.09 (-0.09)
  • Cash flow for the period after investments was MSEK -85.1 (-72.3)
  • Enviro receives follow-up order for oil from a leading US oil company
  • Enviro secured financing in the form of an external loan of MSEK 40. The loan was repaid during Q3.
  • 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

Significant events after end of period

  • Enviro has developed new type of recovered carbon black with improved properties