Quarterly report Scandinavian Enviro Systems AB (publ) January – March 2021

2021-05-20

Expansion phase gains momentum.

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.

Jan-March 2021

  • Net revenues for the period were MSEK 4.7 (0.7)
  • Earnings after tax for the period were MSEK -12.1 (-11.7)
  • Earnings per share for the period (before dilution) was SEK -0.02 (-0.03)
  • Cash flow for the period after investments was MSEK -9.4 (-11.7)
  • 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’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

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 20-05-2021 14:15 CET.

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