Aankondiging • Jul 10
Scandinavian Enviro Systems AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 3.57 million. Scandinavian Enviro Systems AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 3.57 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 20,000,000
Price\Range: SEK 0.1785
Transaction Features: Subsequent Direct Listing Aankondiging • May 22
Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 23, 2026 Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 23, 2026, at 16:00 W. Europe Standard Time. Location: hotel riverton, stora badhusgatan 26, gothenburg, gothenburg Sweden Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Björn Olausson was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 12
Scandinavian Enviro Systems AB (Publ) Announces Board Changes Scandinavian Enviro Systems AB (publ) approved following new director appointments at its AGM held on June 10, 2025. Ewa Björling (newly elected), who was also elected Chair of the Board, Magnus Jakobson and Helene Svahn. Aankondiging • Jun 04
Scandinavian Enviro Systems AB (publ) has completed a Composite Units Offering in the amount of SEK 239.999998 million. Scandinavian Enviro Systems AB (publ) has completed a Composite Units Offering in the amount of SEK 239.999998 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 72,289,156
Price\Range: SEK 3.32
Transaction Features: Rights Offering Aankondiging • Apr 19
Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 10, 2025 Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 10, 2025. Aankondiging • Apr 15
Scandinavian Enviro Systems AB (publ) has completed a Composite Units Offering in the amount of SEK 297.551527 million. Scandinavian Enviro Systems AB (publ) has completed a Composite Units Offering in the amount of SEK 297.551527 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 89,623,954
Price\Range: SEK 3.32
Transaction Features: Rights Offering Aankondiging • Oct 07
Scandinavian Enviro Systems AB (Publ) Announces CFO Changes Scandinavian Enviro Systems (Enviro) has appointed Fredrik Aaben as new CFO. Fredrik Aaben joins Enviro from his role of Head of Corporate Finance at Volvo Cars, where he has a long-standing background of managerial positions in finance, M&A and strategy. Aaben will take up his position in November 2024 and will work in parallel with the current interim CFO Christian Bergaust for a transitional period. Aaben has a long-standing background at Volvo Cars that has included developing the company's Corporate Finance department and, as Head of Corporate Finance, he was responsible for a diverse range of activities including M&A, raising capital and group capital structure issues. Aaben was also involved in the IPO of Volvo Cars as well as the SPAC listing of its subsidiary Polestar. Aaben holds an M.Sc. in Management and Economics of Innovation from Chalmers University of Technology. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: kr0.038 (vs kr0.034 loss in 2Q 2023) Second quarter 2024 results: EPS: kr0.038 (up from kr0.034 loss in 2Q 2023). Revenue: kr58.5m (up kr54.9m from 2Q 2023). Net income: kr30.5m (up kr55.8m from 2Q 2023). Profit margin: 52% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
First quarter 2024 earnings released: EPS: kr0.038 (vs kr0.037 loss in 1Q 2023) First quarter 2024 results: EPS: kr0.038 (up from kr0.037 loss in 1Q 2023). Revenue: kr57.6m (up kr53.5m from 1Q 2023). Net income: kr30.8m (up kr55.2m from 1Q 2023). Profit margin: 54% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Breakeven Date Change • May 17
Forecast to breakeven in 2024 The analyst covering Scandinavian Enviro Systems expects the company to break even for the first time. New forecast suggests the company will make a profit of kr18.0m in 2024. Earnings growth of 13% is required to achieve expected profit on schedule. Reported Earnings • Mar 03
Full year 2023 earnings released: kr0.12 loss per share (vs kr0.13 loss in FY 2022) Full year 2023 results: kr0.12 loss per share. Net loss: kr92.3m (loss widened 11% from FY 2022). Aankondiging • Feb 01
Enviro Appoints Fredrik Emilson as CEO Fredrik Emilson has assumed the position as the new CEO of Enviro. As previously communicated, former CEO Thomas Sörensson will in connection with this move to a role as senior advisor within the company. Fredrik Emilson has a long history at Höganäs AB where he was the company's CEO during the period 2017-2023. During his time at Höganäs, Fredrik also held the role of Head of Europe followed by being responsible for the Asian market. Fredrik also has a background in the Trelleborg Group and thus experience from the rubber industry. He has also worked as a management consultant within E&Y with a main focus on project management and business development. In his various roles, he has accumulated extensive experience in industrialization in combination with sustainability issues. He also has extensive experience of working with the automotive industry. Aankondiging • Dec 12
Scandinavian Enviro Systems AB (Publ) Announces Chief Executive Officer Changes Scandinavian Enviro Systems(publ) hired Fredrik Emilson, former CEO of Höganäs AB, as the company's new Chief Executive Officer. Emilson takes office in February 2024 at the same time as current CEO Thomas Sörensson moves to a role as senior advisor. Fredrik Emilson comes most recently from Höganäs AB, where he worked since 2010 and from 2017 as CEO. During his time at Höganäs AB, Fredrik also held the role of European manager followed by the role of responsible for Asia. Höganäs is the world leader in metal powder solutions with sales totaling approximately MSEK 12,000 and with 2,400 employees globally. Fredrik also has a background within Trelleborg Group and thereby experience from the rubber industry. He has also worked as a management consultant within E&Y with a main focus on project management and business development. In his various roles, he has accumulated extensive experience in industrialization combined with sustainability issues. He also has extensive experience working with the automotive industry. Emilson takes office on February 5. Current CEO Thomas Sörensson will remain in the role of CEO until then and will then transition into a role as senior advisor at the company. Reported Earnings • Nov 24
Third quarter 2023 earnings released: kr0.024 loss per share (vs kr0.03 loss in 3Q 2022) Third quarter 2023 results: kr0.024 loss per share (improved from kr0.03 loss in 3Q 2022). Net loss: kr19.0m (loss narrowed 2.2% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Aankondiging • Nov 23
Scandinavian Enviro Systems AB (publ) to Report Fiscal Year 2023 Results on Feb 23, 2024 Scandinavian Enviro Systems AB (publ) announced that they will report fiscal year 2023 results on Feb 23, 2024 New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 19% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (kr12m revenue, or US$1.2m). Market cap is less than US$100m (€78.6m market cap, or US$85.3m). Aankondiging • Nov 10
Scandinavian Enviro Systems AB (Publ) Appoints Christian Bergaust as Interim Chief Financial Officer Scandinavian Enviro Systems AB (publ) appointed Christian Bergaust as the new interim CFO. Bergaust comes most recently from the role of CFO at Alelion Energy Sytems and previous assignments include that of CFO at listed Elos Medtech AB. Christian Bergaust takes office on November 13 and will work in parallel with the current CFO Staffan Kullberg until he leaves in connection with the report for the third quarter on November 23 in accordance with what was previously announced. Bergaust has extensive experience from jobs as financial manager in the medical technology and pharmaceutical industry, but also has a background from the automotive industry. He has studied economics at the Gothenburg School of Economics. Aankondiging • Oct 24
Scandinavian Enviro Systems AB (publ) Announces Resignation of CFO Staffan Kullberg Scandinavian Enviro Systems' (publ) ("Enviro" or the "Company") interim CFO Staffan Kullberg, has notified that he intends to leave Enviro to take up a position at a company in his hometown Stockholm. Staffan Kullberg has had the role as interim CFO for a little over a year but is now moving on to a position at a company in Stockholm. Kullberg remains in his current role at Enviro until after the report for the third quarter which will be published on November 23. Enviro has initiated a search to find his replacement. Aankondiging • Oct 10
Scandinavian Enviro Systems AB (Publ) Develops New Type of Recovered Carbon Black with Improved Properties Scandinian Enviro Systems has developed a new type of recovered carbon black with improved dispersionroperties. The new type of carbon black has been developed to meet demand from the tire and rubber industry. Enviro's recovered carbon black. The new type of carbon black has been produced for some time at Enviro's plant in Åsensbruk, Sweden, and has acquired properties enhancing its interaction with other chemicals and ingredients when manufacturing tires and rubber parts, for example. Thanks to the improved dispersion of the new type of recovered carbon black, end products such as rubber, tires, plastics and pigments can potentially be produced with a moreconsistent and better outcome. In the long run, this improvement could result in that the new type of recovered carbon black can replace a larger amount of virgin carbon black (higher degree of substitution) in a number of applications. The new type of carbon black is aimed at customers and applications where recovered carbon black with improved disperson properties can contribute to improved performance for the rubber compound. According to the ISCC certification obtained by Enviro, the use of the company's recovered carbon black will lead to a reduction in carbon emissions of up to 93% compared with the use of the corresponding amount of virgin carbon black. Aankondiging • Aug 25
Enviro Appoints Mårten Wikforss as Responsible for IR and Communications Scandinavian Enviro Systems has contracted Mårten Wikforss as responsible for the company's communications and investor relations. Wikforss is an independent communications advisor with a focus on cleantech and greentech companies and has, among other things, been the communications and IR manager for the fuel cell company PowerCell Sweden AB. Wikforss has a long-standing past as information manager within AB Volvo, including in the role of Executive Vice President, Corporate Communication. Mårten Wikforss has been continuously employed by Enviro as an advisor for several years, but the company now chooses to formalize the collaboration by giving him an official role as responsible for the company's communications and investor relations. The change is made against the background of the spring's agreement with the leading European infrastructure structure investor Antin and the resulting increasing need for a closer dialogue with the stock market and other external stakeholders. Reported Earnings • Aug 23
Second quarter 2023 earnings released: kr0.034 loss per share (vs kr0.032 loss in 2Q 2022) Second quarter 2023 results: kr0.034 loss per share (further deteriorated from kr0.032 loss in 2Q 2022). Net loss: kr25.3m (loss widened 19% from 2Q 2022). Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 17
Scandinavian Enviro Systems AB (publ) Announces Executive Changes Scandinavian Enviro Systems AB (publ) has recruited Björn Larsson as head of strategic purchasing and Josefin Wallman as program manager. Björn Larsson will have responsibility for purchasing in connection with new recycling plants and Josefin Wallman will act as project manager for the establishment of future recycling plants, including the planned plant in Uddevalla. Larsson and Wallman are both members of the company's management group and have been assigned roles that are central for the execution of the expansion plan previously announced by Enviro and Antin Infrastructure Partners. As program manager, Josefin Wallman is tasked with project responsibility for the establishment of the Uddevalla plant as well as future plants in Europe. The Uddevalla plant is intended to be the first plant established as part of the joint venture formed between Enviro and Antin Infrastructure Partners. The joint venture is supported by Michelin and plans to establish plants across Europe by 2030 with a total recycling capacity of up to one million metric tons of end-of-life tires per year. After successfully commissioning the plant in Uddevalla, the roll-out of the previously communicated plan will accelerate. Björn Larsson is head of strategic purchasing in connection with the establishment of new recycling plants, a role that includes responsibility for construction of the plants and purchases of related equipment. In this role, he will lead a newly formed group of commodity managers. Björn Larsson has more than 25 years of experience from various high-tech companies in the automotive and aviation industries as well as the maritime and rail sectors where he has held a number of leading roles in purchasing. His education includes a degree in international economics and post-graduate training in management and product development. Josefin Wallman joins from the Elof Hansson International trading house where she has held several leading global roles in project management and business development, and worked as a business area manager. Josefin Wallman holds a M.Sc. in Chemical Engineering with a degree from the Faculty of Engineering, Lund University. Aankondiging • Jun 15
Scandinavian Enviro Systems AB (Publ) Approves Appointment of Fabien Gaboriaud as Board Member Scandinavian Enviro Systems AB (publ) at its AGM held on June 14, 2023 approved appointment of Fabien Gaboriaud as board member. Reported Earnings • May 28
First quarter 2023 earnings released: kr0.037 loss per share (vs kr0.027 loss in 1Q 2022) First quarter 2023 results: kr0.037 loss per share (further deteriorated from kr0.027 loss in 1Q 2022). Net loss: kr24.4m (loss widened 37% from 1Q 2022). Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Aankondiging • May 16
Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 14, 2023 Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 14, 2023, at 16:00 Central European Standard Time. Location: Hotel Riverton Stora Badhusgatan 26 Gothenburg Sweden Agenda: To consider submission of the annual report and the auditors' report and the consolidated financial statements and the auditors' report for the group; to adoption of the income statement and the balance sheet and the consolidated income statement and the consolidated balance sheet; to allocation of the Company's profits or losses in accordance with the adopted balance sheet; to discharge of liability for the members of the Board of Directors and the CEO; to Determine of the number of members of the Board of Directors and auditors and their remuneration; to election of members of the Board of Directors and auditors and, when applicable, deputy auditors; and to transact such other business. Recent Insider Transactions • Apr 23
Director recently bought €5.8k worth of stock On the 14th of April, Peter Möller bought around 25k shares on-market at roughly €0.23 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 05
Full year 2022 earnings released: kr0.13 loss per share (vs kr0.10 loss in FY 2021) Full year 2022 results: kr0.13 loss per share (further deteriorated from kr0.10 loss in FY 2021). Net loss: kr83.6m (loss widened 47% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 57% per year, which means it is well ahead of earnings. Reported Earnings • Nov 25
Third quarter 2022 earnings released: kr0.03 loss per share (vs kr0.02 loss in 3Q 2021) Third quarter 2022 results: kr0.03 loss per share (further deteriorated from kr0.02 loss in 3Q 2021). Net loss: kr19.5m (loss widened 68% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Björn Olausson was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 21
Scandinavian Enviro Systems AB (Publ) Announces Construction Permit Grant for Plan Facility in Uddevalla Scandinavian Enviro Systems AB (publ) (Enviro, the company) announced the property owner Fratera has been granted construction permit for the planned recycling plant in Uddella, Sweden, in accordance with the company's wishes. The construction permit pertains to the previously announced recycling plant that the company plans to establish on an industrial site in the Lillesjö district of Uddevalla Municipality, Sweden. This summer, the company's planned recycling plant in Uddevalla obtained an environmental permit to recycle up to 60,000 tons of end-of-life tyres per year. A final decision on establishment of the new plant is dependent on several factors, such as securing access to end-of-life tyres and agreements covering deliveries of recovered materials. Aankondiging • Sep 30
Scandinavian Enviro Systems AB (Publ) Initiates Detailed Design Stage for Its Plant in Uddevalla Scandinavian Enviro Systems AB (publ), following a decision by its board of directors, has initiated the development of the detailed design for the company's planned recycling plant in Uddevalla. The task includes the production of detailed structural documentation in central areas such as processing, electricity, automation and piping design. The detailed design work follows the completion of the front-end engineering design (FEED) that was completed before the summer. In order to initiate more detailed works, the company recruited a number of new employees over the spring and summer, in fields such as electrical engineering, automation, processing, finance and mechanical engineering. In addition, the company has also contracted several consultants in areas such as piping calculations, piping design, 3D modelling, fire protection, quality, health, safety and environment. During the phase that has now been initiated, the company will also intensify its efforts in procurement and supplier selection. This summer, the company's planned recycling plant in Uddevalla obtained an environmental permit to recycle up to 60,000 tons of end-of-life tyres per year. A final decision on establishment of the new plant is dependent on several factors, such as securing access to end-of-life tyres and agreements covering deliveries of recovered materials. Aankondiging • Sep 07
Scandinavian Enviro Systems AB (Publ) Appoints Staffan Kullberg as New CFO Scandinavian Enviro Systems AB (publ) has appointed Staffan Kullberg as new CFO. The appointment has been made to strengthen the company's finance department in conjunction with the ongoing commercialisation and industrialisation of the company's recycling technology. Staffan Kullberg has extensive experience within the field of finance and has previously held a number of senior positions in the Volvo Group, including as CFO of Volvo IT. He has also undertaken senior finance assignments for the investment company Ratos's portfolio companies. Kullberg will take up his new position with immediate effect and will be part of the company's management group and report to the CEO Thomas Sörensson. Enviro is in the midst of an expansive phase and is planning to expand its finance department to better meet the requirements that the forthcoming expansion will bring about. The company's current CFO Urban Folcker will assume responsibility for expanding the company's capacity in business control and for developing the processes in the finance area required to support the company's expansion. As previously announced, Enviro plans to establish a recycling plant for end-of-life tyres in Uddevalla Municipality. The plant will have the capacity to process up to 60,000 tonnes of tyres per year, which would suffice for the recycling of over 60 % of Sweden's total annual volume of end-of-life tyres. A final decision on establishment of the new plant is dependent on several factors, such as securing access to end-of-life tyres and agreements covering deliveries of recovered materials. Enviro was granted an environmental permit for the planned plant at the end of June 2022. The company has also communicated a plan to establish recycling plants globally with a total capacity of 900,000 tonnes by 2030. Reported Earnings • Aug 25
Second quarter 2022 earnings released: kr0.032 loss per share (vs kr0.026 loss in 2Q 2021) Second quarter 2022 results: kr0.032 loss per share (down from kr0.026 loss in 2Q 2021). Net loss: kr21.3m (loss widened 39% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 29
Enviro Receives Environmental Permit for Planned Facility in Uddevalla Scandinavian Enviro Systems (Enviro) has been granted an environmental permit for the planned recycling plant in Uddevalla. As previously announced, the application pertained to the establishment of a recycling plant on an industrial site in the Lillesjö district of Uddevalla Municipality. The facility will have the capacity to process up to 60,000 tonnes per year, which would suffice for the recycling of more than 60% of Sweden's total annual volume of end-of-life tyres. The environmental permit application for the facility was filed in mid-November of last year. A final decision on establishment of the new plant is dependent on several factors, such as securing access to end-of-life tyres and agreements covering deliveries of recovered materials. Reported Earnings • May 20
First quarter 2022 earnings released: kr0.027 loss per share (vs kr0.021 loss in 1Q 2021) First quarter 2022 results: kr0.027 loss per share (down from kr0.021 loss in 1Q 2021). Net loss: kr17.8m (loss widened 48% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Björn Olausson was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 27
Scandinavian Enviro Systems Launches Updated Brand Platform and New Graphic Profile Scandinavian Enviro Systems launching a new brand platform, with a new vision, new brand and new graphic profile. The platform, which has been developed in cooperation with a leading branding agency, makes the company’s mission, brand promise, vision and values clear to internal and external target groups. At the same time, the company is also launching a new graphic brand identity with a completely new brand, a new design, including new brand colours, a new font and a new image style. To make the transition from a promising Swedish technology company to a global, industrial and commercial player, Scandinavian Enviro Systems has been undergoing comprehensive change for a number of years. This is a change that places large demands on the company’s capacity in various respects and to meet these, the company is introducing new ways of working, new processes and broadens its expertise and organization. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: kr0.095 loss per share (down from kr0.09 loss in FY 2020). Net loss: kr57.0m (loss widened 14% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 19
Third quarter 2021 earnings released: kr0.02 loss per share (vs kr0.022 loss in 3Q 2020) Third quarter 2021 results: Net loss: kr11.6m (loss narrowed 8.8% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 27
Second quarter 2021 earnings released: kr0.026 loss per share (vs kr0.022 loss in 2Q 2020) Second quarter 2021 results: Net loss: kr15.3m (loss widened 29% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 05
Michelin Presents Another Sustainable Racing Tyre Based on Recovered Carbon Black from Scandinavian Enviro Systems AB Tyre manufacturer Michelin has presented another sustainable racing tyre based on recovered carbon black from Scandinavian Enviro Systems. The new tyre is a high-performance tyre developed for racing cars and was recently presented at Michelin's Movin'On global sustainable summit. The new tyre contains 46% renewable and recovered material, including recovered carbon black delivered by Enviro to Michelin. Michelin presented the new high-performance tyre mounted on the electric-hydrogen, long-distance racing car, GreenGT Mission H24. Earlier this spring, Michelin also presented a sustainable racing tyre for MotoE, a racing series for electric motorcycles, which also contained recovered carbon black from Enviro. Michelin has announced the goal that all its tyres will be manufactured entirely from sustainable material by 2050. Reported Earnings • May 22
First quarter 2021 earnings released: kr0.021 loss per share (vs kr0.025 loss in 1Q 2020) First quarter 2021 results: Net loss: kr12.1m (loss widened 3.4% from 1Q 2020). Is New 90 Day High Low • Mar 02
New 90-day low: €0.21 The company is down 18% from its price of €0.25 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 24% over the same period. Reported Earnings • Feb 28
Full year 2020 earnings released: kr0.092 loss per share (vs kr0.13 loss in FY 2019) Full year 2020 results: Net loss: kr50.0m (loss widened 12% from FY 2019). Aankondiging • Jan 29
Scandinavian Enviro Systems AB (publ) Provides Update on Definitive Strategic Partnership Agreements with Michelin All parts of the definitive agreements between Scandinavian Enviro Systems (publ) ("Enviro" or "The Company") and Michelin concerning the announced strategic partnership have not yet been fully negotiated. Accordingly, Enviro will not be convening an Extraordinary General Meeting (EGM) for approval of the agreements in January as previously announced. Both Enviro and Michelin expect that the agreements will be fully negotiated in the near future. As previously communicated, the agreements must first be approved by Enviro's owners at an EGM before they can enter into force. In December 2020, Enviro announced that the company and Michelin had agreed on the key principles for a strategic partnership. The key principles communicated at that time covered the terms for the establishment of a first jointly owned recycling plant and a license agreement regulating the terms of use of Enviro's recycling technology and subsequent compensation. Since December, the parties have continued to negotiate the definitive agreements that will form the basis for the strategic partnership. The ambition was to complete the negotiations so that Enviro's Board of Directors could convene an EGM in January, which was also communicated by the company. Both Enviro and Michelin want to emphasise that the delay will not affect the plans for a strategic partnership. Aankondiging • Jan 28
Scandinavian Enviro Systems Receives Order from Michelin for Engineering Services Worth SEK 4 Million Scandinavian Enviro Systems has received an order from Michelin for engineering services and technical documentation at a value of approximately SEK 4 million (EUR 400,000). The order includes engineering services as well as documentation of Enviro's patented technology for material recovery of end-of-life-tyres (ELT) and form a basis for the negotiations about a strategic partnership, which the parties have been conducting since April 2020. In December last year Enviro communicated that both companies had agreed on the key principles for establishing a first, jointly owned, recovery plant as well as a license agreement, which regulates the terms for the usage of Enviro's material recovery technology and the fee for this usage. In conjunction with previous communication from Enviro the agreements must be approved by the shareholders at an Extraordinary General Meeting (EGM) before they can enter into force. The reason for this is that Michelin, by virtue of its large ownership in Enviro, is deemed a related party. As previously communicated, a notice of the EGM will be published separately. Reported Earnings • Nov 28
Third quarter 2020 earnings released: kr0.022 loss per share Third quarter 2020 results: Net loss: kr12.7m (loss widened 24% from 3Q 2019). Is New 90 Day High Low • Nov 14
New 90-day high: €0.27 The company is up 133% from its price of €0.11 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 9.0% over the same period. Aankondiging • Nov 12
Recovered Carbon Black from Scandinavian Enviro Systems AB (Publ) Is Introduced in A Customer-Specific Rubber Compound from Trelleborg Mixing Forsheda Recovered carbon black from Scandinavian Enviro Systems (publ) will be introduced in a customer-specific rubber compound supplied by Trelleborg Mixing Forsheda. The introduction means that Enviro's carbon black takes a step into a new segment and is the result of successful production tests and a long-term collaboration between the parties. Volumes and dates for future deliveries remain to be determined. Trelleborg Mixing Forsheda manufactures rubber compounds for various companies in the rubber industry and intends to completely replace virgin carbon black with recovered carbon black from Enviro (Recovered Carbon Black, rCB) in one of its customer-specific rubber compounds. Recovered carbon black has, in light of the increasing topicality of climate and environmental issues, been used in more and more applications in the rubber industry and Enviro's recovered carbon black has previously been introduced as a replacement for virgin carbon black in applications such as seals, gaskets, plugs and solid tyres. Enviro has also delivered recovered carbon black to Trelleborg Lanka for use in the manufacturing of solid tyres. Both Trelleborg Lanka and Trelleborg Mixing Forsheda are part of the industrial group Trelleborg, which is one of the world's large producers of industrial rubber. The fact that Trelleborg Mixing Forsheda introduces Enviro's recovered carbon black, rCB, in a new application in the rubber industry means that Enviro's rCB is now being used in a, for Enviro, completely new market segment. 
