Half Year Report Scandinavian Enviro Systems AB (publ) January – June 2021

2021-08-26

Realizing our plans step by step.

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.

Q2 2021

  • Net revenues for the period were MSEK 0.5 (0.2)
  • Earnings after tax for the period were MSEK -15.3 (-11.9)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.05)
  • Cash flow for the period after investments was MSEK -15.6 (-11.4)
  • Michelin’s new racing tyres has better performance and less climate impact due to recovered carbon black from Enviro
  • Enviro strengthens its capital via a directed issue of MSEK 21.0
  • Substantial interest as key employees at Enviro subscribe to options as part of incentive scheme
  • Favourable conditions for tyre recovery with Enviro’s technology in the UK
  • Enviro initiates consultation regarding plant on identified industrial site in West Sweden
  • Peter Sandberg Chairman of Enviro’s Nomination Committee

Jan-June 2021

  • Net revenues for the period were MSEK 5.1 (0.9)
  • Earnings after tax for the period were MSEK -27.4 (-23.6)
  • Earnings per share for the period (before dilution) was SEK -0.05 (-0.05)
  • Cash flow for the period after investments was MSEK -25.0 (-23.1)
  • Enviro receives order from Michelin for engineering services worth MSEK 4
  • Enviro and Michelin sign definitive agreements on strategic partnership
  • Enviro announces further details of partnership agreements with Michelin
  • Approval at an extraordinary general meeting concerning final agreements with Michelin

Significant events after end of period

  • Michelin increases its ownership to 20 percent of the shares in Enviro

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

Mangold Fondkommission AB, +46 (0)8 503 01 550, ca@mangold.se, is Enviro’s Certified Adviser on Nasdaq First North Growth Market Stockholm.

Scandinavian Enviro Systems AB
Herkulesgatan 1K
SE-417 01 Gothenburg
info@envirosystems.se
www.envirosystems.se


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 26-08-2021 08:30 CET.

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