Year End Report Scandinavian Enviro Systems AB (publ) January – December 2021

2022-02-24

Q4 2021

  • Net revenues for the period were MSEK 1.0 (0.4)
  • Earnings after tax for the period were MSEK -18.6 (-13.7)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.02)
  • Cash flow for the period after investments was MSEK -16.6 (-14.4)
  • 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

Jan-Dec 2021

  • Net revenues for the period were MSEK 7.6 (1.5)
  • Earnings after tax for the period were MSEK -57.0 (-50.0)
  • Earnings per share for the period (before dilution) was SEK -0.10 (-0.09)
  • Cash flow for the period after investments was MSEK -55.7 (-48.4)
  • Enviro receives order from Michelin for engineering services worth MSEK 4
  • Enviro and Michelin sign definitive agreements on strategic partnership
  • 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
  • Two warrant programs for the board and the management/key employees are approved by the AGM, leading to a total capital injection to the Company with MSEK 5,6
  • Enviro’s recovered oil and carbon black receive ISCC sustainability certification.

Significant events after end of period

  • Enviro receives a pyrolysis oil order worth MSEK 2 from a subsidiary of a leading US oil company

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 03 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 24-02-2022 08:30 CET.

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