Interim Report Scandinavian Enviro Systems AB (publ) January – September 2018

Positive market development and increased demand

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.

Q3 2018

  •  Net revenues for the period were MSEK 0.3 (0.2) 
  •  Earnings after tax for the period were MSEK -8.9 (-9.4) 
  •  Earnings per share for the period (before dilution) was SEK -0.07 (-0.08) 
  •  Cash flow for the period after investments was MSEK -6.3 (-6.3) 
  •  Strengthening of the capital via off-set directed issue and another decided directed off-set issue of totally MSEK 5.8
  •  A loan given by Pegroco Invest AB of MSEK 7.5 has been prolonged until the end of the year

Jan-September 2018 

  • Net revenues for the period were MSEK 0.6 (0.3) 
  • Earnings after tax for the period were MSEK -19.0 (-19.3) 
  • Earnings per share for the period (before dilution) was SEK -0.16 (-0.17) 
  • Cash flow for the period after investments was MSEK -13.3 (-18.1) 
  • Signing of MoU with Treadcraft Limited regarding a plant in New York State, USA
  • Signing of MoU with Windspace A/S regarding a plant in Denmark
  • Quality anniversary: More than 50 million components containing Enviro’s recovered carbon black has been delivered to Volvo Cars
  • Strengthening of the capital via off-set directed issue and another decided directed off-set issue of totally MSEK 5.5
  • An already existing loan given by an external institution of MSEK 4.5 has been taken over by Pegroco Invest AB and has been prolonged until the end of the year

Significant events after the end of the period

  •  Manufacuring test with new carbon black product by international rubber producer.
  •  Announcing of share rights issue of MSEK 106
  •  Announcing of extra General Meeting regarding a share rights issue and changes to the articles of association
  •  Securing of bridge financing of MSEK 7.0

For more information, please contact: 
Thomas Sörensson, CEO Enviro, tel: +46 (0)735-10 53 43, thomas.sorensson@envirosystems.se
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, urban.folcker@envirosystems.se
Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733 149 700, alf@blomqvistunlimited.com

Mangold Fondkommission AB, +46 (0)8 503 01 551, is the Certified Adviser of Enviro at Nasdaq First North Stockholm.

Scandinavian Enviro Systems AB 
Regnbågsgatan 8C 
SE-417 55 Gothenburg, Sweden
info@envirosystems.se   
www.envirosystems.se    

Scandinavian Enviro Systems AB (publ) is required to publish this information under the EU market abuse regulation. The information is provided by the contact person listed above for publication on 7th November 2018 at 08:20 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. https://www.envirosystems.se/en/

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, ca@mangold.se, as its Certified Advisor. www.envirosystems.se

Subscribe