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Half Year Report Scandinavian Enviro Systems AB (publ) January – June 2022

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A quarter during which we passed several key milestones

Q2 2022

  • Net revenues for the period were MSEK 1.9 (0.5)
  • Earnings after tax for the period were MSEK -21.3 (-15.3)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.03)
  • Cash flow for the period after investments was MSEK -25.8 (-15.7)
  • Enviro granted environmental permit for planned facility in Uddevalla
  • Enviro’s pyrolysis oil approved under REACH - the company is now to execute a MSEK 2 order
  • Enviro launches a new branding platform
  • Michelin presents an even more sustainable racing tyres using Enviro’s recovered carbon black
  • Enviro granted renewed loan of MSEK 6.5 associated with Åsensbruk operations

Jan-Jun 2022

  • Net revenues for the period were MSEK 3.3 (5.1)
  • Earnings after tax for the period were MSEK -39.1 (-27.4)
  • Earnings per share for the period (before dilution) was SEK -0.06 (-0.05)
  • Cash flow for the period after investments was MSEK -47.6 (-25.0)
  • Enviro receives a pyrolysis oil order worth MSEK 2 from a subsidiary of a leading US oil company
  • Enviro has EUR 32,000 loan converted to grant as a result of establishment in Chile
  • Enviro receives order for recovered carbon black from a major European tyre manufacturer
  • Sharp increase of interest in Enviro’s recovered materials as a result of the war in Ukraine

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 24-08-2022 08:30 CET.

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 
Frihamnen 16B
SE-417 70 Gothenburg
info@envirosystems.se 
www.envirosystems.se

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.

Scandinavian Enviro Systems contributes to enhanced environmental and economic sustainability using a patented technology for the recovery of valuable raw materials from scrapped and end-of-life products, including tires. The production of new tires using carbon black recovered with Enviro’s technology reduces carbon dioxide emissions by up to 93 per cent compared with the use of virgin carbon black. Enviro has its head office in Gothenburg and a plant for the recycling of end-of-life tires in Åsensbruk. The largest owner is the French tire manufacturer Michelin. Enviro was founded in 2001 and is listed on Nasdaq First North Growth Market. www.envirosystems.se

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