An extraordinary eventful year laying the foundation for continued success.
Fourth quarter 2024
· Net revenues for the period were MSEK 6.1 (3.2)
· Earnings after tax for the period were MSEK -27.5 (-23.6)
· Earnings per share for the period (before dilution) was SEK -0.03 (-0.03)
· Cash flow for the period after investments was MSEK -47.6 (-28.4)
· Fredrik Aaben has been appointed new CFO for Enviro
Period of January-December 2024
· Net revenues for the period were MSEK 170.8 (13.9)
· Earnings after tax for the period were MSEK 53.6 (-92.3)
· Earnings per share for the period (before dilution) was SEK 0.07 (-0.12)
· Cash flow for the period after investments was MSEK -138.8 (-96.8)
· Enviro, Michelin and Antin announces final investment decision for plant in Uddevalla
· In total the Company has received MSEK 132.4 during the year, of which half in cash and half as shares in joint venture
· Fredrik Emilson has been appointed new CEO of Enviro
· The construction of the new plant in Uddevalla has received starting notice
· Enviro's recovered pyrolysis oil has been successfully processed by Neste into raw materials for chemicals and plastics
· Enviro receives order for 500 tons of tire pyrolysis oil from repeat customer
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 of Enviro, +46 (0) 733-14 97 00, alf@blomqvistunlimited.com
Fredrik Aaben, CFO, +46 (0) 729-70 78 91, fredrik.aaben@envirosystems.se
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 percent compared to 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 with FNCA Sweden AB, +46 8-528 00 399, info@fnca.se, as its Certified Advisor. www.envirosystems.se
This information is information that Scandinavian Enviro Systems AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-26 08:30 CET.
