Quarterly report Scandinavian Enviro Systems AB (publ) January – June 2019 | Scandinavian Enviro Systems

Quarterly report Scandinavian Enviro Systems AB (publ) January – June 2019

Above: This shows a layout of a potential future plant that SES possibly will erect together with Treadcraft Ltd in New York State, US

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.

Enviro receives its biggest order until now from Trelleborg

Q2 2019

  •  Net revenues for the period were MSEK 0.2 (0.4)
  •  Earnings after tax for the period were MSEK -11.4 (-9.9) 
  •  Earnings per share for the period (before dilution) was SEK -0.03 (-0.08) 
  •  Cash flow for the period after investments was MSEK -11.4 (-7.9)
  •  Trelleborg Lanka places a serial sales order amounting to a yearly value of around KEUR 180,000

Jan-Jun 2019

  •  Net revenues for the period were MSEK 0.3 (0.6)
  •  Earnings after tax for the period were MSEK -21.4 (-19.0) 
  •  Earnings per share for the period (before dilution) was SEK -0.07 (-0.16) 
  •  Cash flow for the period after investments was MSEK -20.1 (-13.3)
  •  Elysium Aps (which is a possible candidate to become a joint venture with Enviro as co-owner) signs a rental agreement I Denmark for a plant in Nyborg
  •  A Life Cycle Analysis (LCA) covering Enviro’s recovered carbon black concludes that its creation saves around 80% CO2 emissions compared to production of virgin carbon black (see graph below)

Significant events after the end of the period

  • The company signs a Term Sheet with Treadcraft Carbon concerning a plant in New York State, US

For more information, please contact:
Thomas Sörensson, CEO Enviro, tel: +46 (0)735-10 53 43
thomas.sorensson@envirosystems.se
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11
urban.folcker@envirosystems.se
Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733 149 700
alf@blomqvistunlimited.com

Mangold Fondkommission AB, +46 8 503 01 550, ca@mangold.se, is the Certified Adviser of Enviro at Nasdaq First North, Stockholm.

Scandinavian Enviro Systems AB
Regnbågsgatan 8C, 417 55 Göteborg
info@envirosystems.se
www.envirosystems.se

This information is information that Scandinavian Enviro Systems AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 07:58 CEST on August 23rd, 2019.

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