Announcement • 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 Announcement • 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 New Risk • Apr 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr191m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr191m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr72m net loss in 2 years). Revenue is less than US$5m (kr32m revenue, or US$3.4m). Market cap is less than US$100m (kr264.1m market cap, or US$28.3m). New Risk • Feb 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr166m). Currently unprofitable and not forecast to become profitable over next 2 years (kr70m net loss in 2 years). Revenue is less than US$5m (kr35m revenue, or US$3.9m). Market cap is less than US$100m (kr198.8m market cap, or US$22.2m). New Risk • Nov 20
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -kr166m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr166m). Currently unprofitable and not forecast to become profitable over next 2 years (kr70m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (kr35m revenue, or US$3.7m). Market cap is less than US$100m (kr942.4m market cap, or US$98.7m). New Risk • Nov 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: kr898.5m (US$94.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr68m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr898.5m market cap, or US$94.8m). New Risk • Oct 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 8.3% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr68m net loss in 2 years). Share price has been volatile over the past 3 months (10% average weekly change). New Risk • Sep 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr28m net loss in 2 years). Share price has been volatile over the past 3 months (9.0% average weekly change). Reported Earnings • Aug 19
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: kr0.025 loss per share (down from kr0.038 profit in 2Q 2024). Revenue: kr20.2m (down 66% from 2Q 2024). Net loss: kr21.2m (down 170% from profit in 2Q 2024). Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) exceeded analyst estimates by 4.4%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jul 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr129m free cash flow). Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr30m net loss in 2 years). Market cap is less than US$100m (kr843.7m market cap, or US$88.2m). Announcement • 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. New Risk • Jun 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr129m free cash flow). Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr30m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (kr808.7m market cap, or US$84.3m). Announcement • 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 Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: kr0.029 loss per share (down from kr0.038 profit in 1Q 2024). Revenue: kr7.35m (down 87% from 1Q 2024). Net loss: kr23.4m (down 176% from profit in 1Q 2024). Revenue exceeded analyst estimates by 51%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Apr 19
Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 10, 2025 Scandinavian Enviro Systems AB (publ), Annual General Meeting, Jun 10, 2025. New Risk • Apr 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (38% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (kr753.4m market cap, or US$76.3m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to kr1.51, the stock trades at a trailing P/E ratio of 22.7x. Average forward P/E is 13x in the Commercial Services industry in Sweden. Total returns to shareholders of 13% over the past three years. Reported Earnings • Mar 03
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: kr0.066 (up from kr0.12 loss in FY 2023). Revenue: kr170.8m (up kr156.8m from FY 2023). Net income: kr53.6m (up kr145.9m from FY 2023). Profit margin: 31% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is expected to decline by 10% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Sweden are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 02
Consensus revenue estimates fall by 16% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from kr84.8m to kr71.0m. Forecast losses increased from -kr0.115 to -kr0.14 per share. Commercial Services industry in Sweden expected to see average net income growth of 36% next year. Consensus price target down from kr6.50 to kr6.00. Share price fell 6.1% to kr1.66 over the past week. New Risk • Feb 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 47% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 47% per year for the foreseeable future. High level of non-cash earnings (31% accrual ratio). Reported Earnings • Nov 22
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: kr0.025 (up from kr0.024 loss in 3Q 2023). Revenue: kr48.5m (up kr45.5m from 3Q 2023). Net income: kr19.8m (up kr38.9m from 3Q 2023). Profit margin: 41% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 80%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is expected to decline by 27% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Sweden are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • 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: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Sweden are expected to grow by 4.7%. 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 8% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 05
Chief Executive Officer recently bought kr154k worth of stock On the 27th of June, Fredrik Emilson bought around 75k shares on-market at roughly kr2.05 per share. This transaction amounted to 28% 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 Fredrik's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 30
Chief Executive Officer recently bought kr154k worth of stock On the 27th of June, Fredrik Emilson bought around 75k shares on-market at roughly kr2.05 per share. This transaction amounted to 28% 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 Fredrik's only on-market trade for the last 12 months. New Risk • May 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr80m net loss in 2 years). Reported Earnings • May 29
First quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 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). Announcement • 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. Announcement • 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 23% per year, which means it is performing significantly worse than earnings. Announcement • 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 Risk 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 (kr903.4m market cap, or US$85.6m). Announcement • 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. New Risk • Nov 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (kr44m net loss next year). Share price has been volatile over the past 3 months (8.8% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Revenue is less than US$5m (kr12m revenue, or US$1.1m). Market cap is less than US$100m (kr903.4m market cap, or US$83.3m). Announcement • 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. Announcement • 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. Announcement • 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 5.0% growth forecast for the Commercial Services industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • 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. Announcement • 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. Recent Insider Transactions • Jun 04
Independent Director recently bought kr91k worth of stock On the 31st of May, Björn Olausson bought around 48k shares on-market at roughly kr1.89 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr157k more in shares than they have sold in the last 12 months. 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 4.8% growth forecast for the Commercial Services industry in Sweden. 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 68% per year, which means it is well ahead of earnings. Announcement • 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 21
Director recently bought kr66k worth of stock On the 14th of April, Peter Möller bought around 25k shares on-market at roughly kr2.65 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. Recent Insider Transactions • Apr 18
Director recently bought kr66k worth of stock On the 14th of April, Peter Möller bought around 25k shares on-market at roughly kr2.65 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 65% 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 67% 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. Reported Earnings • Aug 24
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 58% per year, which means it is tracking significantly ahead of earnings growth. 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 65% 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. 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 56% 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 57% 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 32% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 09
Chief Executive Officer recently sold kr368k worth of stock On the 7th of June, Thomas Sörensson sold around 150k shares on-market at roughly kr2.45 per share. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. 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). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 06
Independent Director recently bought kr449k worth of stock On the 3rd of March, Jan Bruzelius bought around 200k shares on-market at roughly kr2.24 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr1.4m more in shares than they have sold in the last 12 months. 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). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 24
New 90-day low: kr2.12 The company is down 25% from its price of kr2.83 on 25 November 2020. The Swedish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is flat over the same period. 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). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 12
New 90-day high: kr2.56 The company is up 104% from its price of kr1.25 on 14 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 10.0% over the same period. Recent Insider Transactions • Oct 29
Director recently bought kr201k worth of stock On the 23rd of October, Peter Möller bought around 90k shares on-market at roughly kr2.23 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr840k more in shares than they have sold in the last 12 months.