Enviro: Full focus on Uddevalla investment decision - Redeye

Redeye comments on Enviro’s Q2 2023 report, which held no surprises – as expected. The main focus is still to prepare for a final investment decision regarding the Uddevalla plant. We understand that this proceeds according to plan, although it seems to be taking longer than expected due to careful preparation and planning. However, Enviro reiterates the target of having the plant fully operational in 2025, which we find positive. Furthermore, the net cash position was SEK324m by the end of the quarter, following the SEK300m directed share issue in May, which should leave Enviro funded for the growth journey in the coming years.

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