Interim Report Scandinavian Enviro Systems AB (publ) January – September 2024
With positive figures for three consecutive quarters, Enviro demonstrates the potential of the green sector.
Third quarter 2024
- Net revenues for the period were MSEK 48.5 (3.0)
- Earnings after tax for the period were MSEK 19.8 (-19.0)
- Earnings per share for the period (before dilution) was SEK 0.02 (-0.02)
- Cash flow for the period after investments was MSEK -32.9 (-29.1)
- Enviro receives order for 500 tons of tire pyrolysis oil from repeat customer
- Enviro has received MSEK 25.6 in milestone compensation of which half in ownership in the joint venture
Period of January – September 2024
- Net revenues for the period were MSEK 164.7 (10.7)
- Earnings after tax for the period were MSEK 81.1 (-68.8)
- Earnings per share for the period (before dilution) was SEK 0.10 (-0.09)
- Cash flow for the period after investments was MSEK -91.2 (-85.1)
- Enviro, Michelin and Antin announces final investment decision for plant in Uddevalla
- In total the Company has received MSEK 132.4 during the first nine months, of which half in cash and half as ownership share in joint venture
- Fredrik Emilson has been appointed new CEO of Enviro
- The construction of the new plant in Uddevalla has received starting notice
- Enviro’s recovered pyrolysis oil has been successfully processed by Neste into raw materials for chemicals and plastics
Significant events after end of period
- Enviro has received MSEK 17.6 in additional milestone compensation of which half in shares in the joint venture company
- Fredrik Aaben has been appointed new CFO for Enviro
The interim report is available at the company's website: https://envirosystems.se/investor/reports-presentations/
For further information, please contact:
Fredrik Emilson, CEO Enviro, +46 (0)706-05 67 83, [email protected]
Christian Bergaust, CFO, Tel +46 702 93 50 40, [email protected]
Scandinavian Enviro Systems AB
Frihamnen 16B, SE-417 70 Gothenburg
[email protected]
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 21-11-2024 08:30 CET.