Enviro Reveals 2019 Report

Scandinavian Enviro Systems

Scandanavian Enviro Systems ends 2019 on a positive note with new projects coming and good news on product analysis and markets

Scandinavian Enviro Systems AB Publishes its Year End Report 2019

This is a summary of the highlights of the SES AB year end report. The link to the full report is at the end of this summary.

Q4 2019

  • Net revenues for the period were MSEK 0.6 (0.3)

  • Earnings after tax for the period were MSEK -13.1 (-10.8)

  • Earnings per share for the period (before dilution) was SEK -0.03 (-0.08)

  • Cash flow for the period after investments was MSEK -13.0 (-6.1)

  • New project with RISE for converting the oil of Enviro to base oil products

  • Update regarding plant agreements in the US and Denmark as well as a market update

Jan-December 2019

  • Net revenues for the period were MSEK 1.1 (1.1)

  • Earnings after tax for the period were MSEK -44.8 (-38.8)

  • Earnings per share for the period (before dilution) was SEK -0.13 (-0.32)

  • Cash flow for the period after investments was MSEK -42.0 (-25.8)

  • Trelleborg Lanka places a serial sales order amounting to a yearly value of around EUR 180,000

  • Elysium ApS (which is a possible candidate to become a joint venture with Enviro as co-owner) signs a rental agreement I Denmark for a plant in Nyborg

  • A Life Cycle Analysis (LCA) covering Enviro’s recovered carbon black concludes that its creation saves around 80% CO2 emissions compared to production of virgin carbon black

  • Enviro signs a term sheet with TreadCraft Carbon LLC regarding a plant for recovering of Carbon Black, oil and steel from ELT (End of Life Tyres)

  • Enviro is going to start up a fully owned holding company in the US as part of the establishment of local plants

  • The company signs another term sheet with TreadCraft Carbon LLC, this time regarding the terms and conditions for a license agreement

  • Enviro develops financing solutions for plants based on international corporate bonds

  • Additional capital of around MSEK 48.6 MSEK before transaction costs has been allocated to the Company through the exercise of warrants (TO2)

Significant events after end of period

  • Elysium receives an environmental permit with a 4-week possibility to appeal concerning a plant in Nyborg, Denmark

The full report is available here.

About the author

Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.

Email: ewan.scott@tyreandrubberrecycling.com

 

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