Scandinavian Enviro Systems AB

11/07/2018 | Press release | Distributed by Public on 11/07/2018 01:46

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

2018-11-07

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, [email protected]Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, [email protected]Alf Blomqvist, Chairman of the Board Enviro, +46 (0)733 149 700, [email protected]

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[email protected]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.

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