2024-05-28 | Regulatory

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Quarterly Report Scandinavian Enviro Systems AB (publ) January – March 2024

Sub-goal objective 1 – Final investment decision has been reached!

Period of January-March 2024

  • Net revenues for the period were MSEK 57.6 (4.1)
  • Earnings after tax for the period were MSEK 30.8 (-24.4)
  • Earnings per share for the period (before dilution) was SEK 0.04 (-0.04)
  • Cash flow for the period after investments was MSEK -5.8 (-29.0)
  • Enviro, Michelin 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

Significant events after end of period

  • 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

This disclosure contains information that Scandinavian Enviro Systems is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-05-2024 08:30 CET.

For further information, please contact:
Fredrik Emilson, CEO, Phone: +46 70 605 67 83, fredrik.emilson@envirosystems.se
Christian Bergaust, CFO, Phone: +46 702 93 50 40, christian.bergaust@envirosystems.se

FNCA Sweden AB,+46 8-528 00 399, info@fnca.se, is Enviro’s Certified Adviser on Nasdaq First North Growth Market Stockholm.

Scandinavian Enviro Systems AB
Frihamnen 16B, SE-417 70 Gothenburg
info@envirosystems.se
envirosystems.se

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Scandinavian Enviro Systems contributes to enhanced environmental and economic sustainability using a patented technology for the recovery of valuable raw materials from scrapped and end-of-life products, including tires. The production of new tires using carbon black recovered with Enviro’s technology reduces carbon dioxide emissions by up to 93 per cent compared with the use of virgin carbon black. Enviro has its head office in Gothenburg and a plant for the recycling of end-of-life tires in Åsensbruk. The largest owner is the French tire manufacturer Michelin. Enviro was founded in 2001 and is listed on Nasdaq First North Growth Market. www.envirosystems.se

Attachments
Quarterly Report Q1 2024 Scandinavian Enviro Systems AB (publ)

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Scandinavian Enviro Systems AB
Frihamnen 16B
417 70 Gothenburg