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