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Interim Report Scandinavian Enviro Systems AB (publ) January – December 2023

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Intensive and exhaustive work laid the basis for the final investment decision.

Q4 2023

  • Net revenues for the period were MSEK 3.2 (2.0)
  • Earnings after tax for the period were MSEK -23.6 (-25.0)
  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.04)
  • Cash flow for the period after investments was MSEK -28.4 (-26.2)
  • Enviro has developed new type of recovered carbon black with improved properties
  • Enviro wins prestigious award at the Recircle Awards – third year in a row

Period of January-December 2023

  • Net revenues for the period were MSEK 13.9 (8.0)
  • Earnings after tax for the period were MSEK -92.3 (-83.6)
  • Earnings per share for the period (before dilution) was SEK -0.12 (-0.13)
  • Cash flow for the period after investments was MSEK -113,4 (-98.5)
  • Enviro receives follow-up order for oil from a leading US oil company
  • Enviro and Antin Infrastructure Partners to create the world’s first large-scale tire recycling group, supported by Michelin
  • Enviro has successfully completed directed share issue of 150 million shares and raises proceeds of SEK 300 million
  • Enviro’s Chairman and CEO represent the company on the board of new joint venture
  • Recovered carbon black from Enviro in the tires as Michelin celebrates 100 years at Le Mans
  • Enviro’s recovered oil and carbon black receives renewed ISCC sustainability certification
  • Enviro and Siemens signs MOU regarding cooperation around the European expansion plan

Significant events after end of period

  • Enviro and Antin announces final investment decision for plant in Uddevalla
  • Enviro receives MSEK 53 as a first payment for costs incurred, of which half in cash and half as ownership share in joint venture
  • Fredrik Emilson new CEO of Enviro
  • The construction of the Enviro’s plant in Uddevalla has received starting notice

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 29-02-2024 08:30 CET.

For further information, please contact:
Fredrik Emilson, CEO Enviro, +46 (0)706-05 67 83, fredrik.emilson@envirosystems.se
Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733-14 97 00, alf@blomqvistunlimited.com
Mårten Wikforss, Investor Relations Enviro, +46 (0)705-59 11 49, marten.wikforss@envirosystems.se

FNCA Sweden AB 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
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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Scandinavian Enviro Systems Enviro

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