Scandinavian Enviro Systems

Third quarter 2024

• Net revenues for the period were MSEK 48.5 (3.0)
• Earnings after tax for the period were MSEK 19.8 (-19.0)
• Earnings per share for the period (before dilution) was SEK 0.02 (-0.02)
• Cash flow for the period after investments was MSEK -32.9 (-29.1)
• Enviro receives order for 500 tons of tire pyrolysis oil from repeat customer
• Enviro has received MSEK 25.6 in milestone compensation of which half in ownership in the joint venture

Period of January – September 2024

• Net revenues for the period were MSEK 164.7 (10.7)
• Earnings after tax for the period were MSEK 81.1 (-68.8)
• Earnings per share for the period (before dilution) was SEK 0.10 (-0.09)
• Cash flow for the period after investments was MSEK -91.2 (-85.1)
• Enviro, Michelin and Antin announces final investment decision for plant in Uddevalla
• In total the Company has received MSEK 132.4 during the first nine months, of which half in cash and half as ownership share 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

Significant events after end of period

• Enviro has received MSEK 17.6 in additional milestone compensation of which half in shares in the joint venture company
• Fredrik Aaben has been appointed new CFO for Enviro

The interim report is available at the company's website: https://envirosystems.se/investor/reports-presentations/

For further information, please contact:
Fredrik Emilson, CEO Enviro, +46 (0)706-05 67 83, fredrik.emilson@envirosystems.se
Christian Bergaust, CFO, Tel +46 702 93 50 40, christian.bergaust@envirosystems.se

Scandinavian Enviro Systems AB
Frihamnen 16B, SE-417 70 Gothenburg
info@envirosystems.se
envirosystems.se