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Interim Report Scandinavian Enviro Systems AB (publ) January – March 2017

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Memorandum of Understanding (MoU) with Leading Tyre Producer

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.

Q1 2017 

  • Net revenues for the period: MSEK 0.1 (0.0)
  • Loss after tax for the period: MSEK –9.8 (–7.5)
  • Pre–dilution earnings per share for the period: MSEK –0.08 (–0.16)
  • Cash flows after tax: MSEK –11.3 (–8.6)
  • Execution of two MoU's with leading Chinese tyre producer for plant sales: one for a plant and the other for a future joint venture for subsequent plant sales
  • Positive news related to testing of Enviro’s reclaimed carbon black from yet another global tyre producer
  • Enviro’s reclaimed carbon black included in fittings for water pipes
  • Approved EU trademark
  • Election of two new board directors prompted by Pegroco Venture AB's entry as the largest stockholder
  • Hiring of sales manager starting on 1 June 2017

Significant events after the period

  • Conclusion that the company’s reclaimed pyrolysis oil has such a high quality that it can be used as fuel in diesel driven power stations

For further information, please contact:
Thomas Sörensson, CEO, tel: +46 (0) 735-10 53 43, thomas.sorensson@envirosystems.se 
Stig-Arne Blom, Board Chairman, tel: +46 (0)705-25 16 15, stigarne@blom.pp.se

This information is information that Scandinavian Enviro Systems AB (publ) is required to publish under the EU regulation on market abuse. The information is provided under the auspices of the contact person listed above for publication on May 4th 2017 at 11:45 CET.

Scandinavian Enviro Systems (publ) is an environmental company that offers profitable recovery of tyres and processed materials primarily to the rubber industry. The company sells turn-key environmental facilities to industrial investors and also operate their own plant for end-of-service tyres in Åsensbruk, Sweden. Enviro, headquartered in Gothenburg, was founded in 2001, has 20 employees, and is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, as its Certified Advisor. https://www.envirosystems.se/en/

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