Interim report Scandinavian Enviro Systems AB (publ) January – March 2018

MoU with Canadian partner

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 2018 

  • Net revenues for the period were MSEK 0.1 (0.1) 
  • Earnings after tax for the period were MSEK -9.2 (-9.8)  
  • Earnings per share for the period (before dilution) was SEK -0.08 (-0.08)  
  • Cash flow for the period after investments was MSEK -5.8 (-11.3) 
  • Signing of MoU with ArticCan Energy Services Inc. regarding a plant in Canada
  • Carbon Black sales order from international tyre manufacturer
  • Securing of bridge financing of MSEK 7,5 from the biggest owner by a credit, which has not been utilized until now
  • The Chairman of the board has resigned after being charged with insider information crime and has been acquitted afterwards
  • Termination of existing MoU in Chile which is planned to be replaced with an MoU with a new company in Chile

Significant events after the end of the period 

  •  New local legislation prevents project in Guangzhou, China
  •  Yet another international tyre manufacturer confirms positive test results with EnviroCB(TM)
  •  Quality anniversary: More than 40 million components containing Enviro’s recovered carbon black has been delivered to Volvo Cars         
  •  Strengthening of the capital via off-set rights issue
  •  Follow up sales order at an order value of MSEK 0.1 of carbon black from international tyre manufacturer

For more information, please contact: 
Thomas Sörensson, CEO Enviro, +46 (0)735-10 53 43,
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11,
Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733-14 97 00,

Mangold Fondkommission AB is the Certified Adviser of Enviro at Nasdaq First North Stockholm.

Scandinavian Enviro Systems AB 
Regnbågsgatan 8C 
417 55 Gothenburg

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 3rd 2018 at 14.35 CET.   

Enviro is an environmental technology 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.

About Us

Enviro is a company developing, building and operating industrial plants for material recovery from End of Life Tyres (ELT). The company has developed a process, based on a patented technology, where gas generated in the process is heating the tyres in absence of oxygen. This enables the materials in the tyres to decompose and be recovered instead of incinerated. Thus, a sustainable recovery of the resources Carbon black, Oil, Steel and Gas is obtained. The products are used in new products, replacing fossil resources to help the customers reach their sustainability targets. Enviro was founded in 2001, has its head office in Gothenburg and runs its own plant for ELT tyres in Åsensbruk, Sweden. The company is listed on the Nasdaq First North Growth Market with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550,, as its Certified Advisor.