Interim Report Scandinavian Enviro Systems AB (publ) January – September 2021

2021-11-18

Eventful quarter strengthens our position going forward.

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.

Q3 2021

  • Net revenues for the period were MSEK 1.4 (0.2)
  • Earnings after tax for the period were MSEK -11.6 (-12.7)
  • Earnings per share for the period (before dilution) was SEK -0.02 (-0.02)
  • Cash flow for the period after investments was MSEK -14.1 (-10.9)
  • Michelin has retained its ownership to 20% of the shares in Enviro after the conducted directed share issue
  • Enviro supplements documentation for consultation concerning a new plant in Uddevalla
  • Enviro’s recovered oil and carbon black receive ISCC sustainability certification
  • Invitation to Enviro’s virtual Capital Markets Presentation

Jan-Sep 2021

  • Net revenues for the period were MSEK 6.5 (1.1)
  • Earnings after tax for the period were MSEK -38.9 (-36.3)
  • Earnings per share for the period (before dilution) was SEK -0.07 (-0.07)
  • Cash flow for the period after investments was MSEK -39.1 (-34.0)
  • 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
  • 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 before transaction costs
  • 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

Significant events after end of period

  • Enviro completes a directed new share issue, raising approximately SEK 125 million before transaction costs where Michelin has invested to retain its ownership of 20%.
  • Enviro decides on location and applies for environmental permit for recycling plant in Uddevalla

The report is also availiable on https://www.envirosystems.se/en/investor/financial-information/.

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 18-11-2021 08:30 CET.

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