Scandinavian Enviro Systems AB (publ) develops, constructs, owns, and operates plants for material recovery of resources from used tires worldwide. Its plants and circular materials include carbon black, oil, steel, and gas for general rubber, tyre, and rubber membrane applications. The company was incorporated in 2001 and is headquartered in Gothenburg, Sweden.

Scandinavian Enviro Systems AB (publ)

Scandinavian Enviro Systems AB focuses on recycling end-of-life tires using pyrolysis technology to recover materials such as carbon black, steel, and oil, which can be reused in the production of new products.

Scandinavian Enviro Systems AB

Scandinavian Enviro Systems AB (publ) | 3,753 followers on LinkedIn. Efficient tyre recycling using patented tech. Recovering valuable resources &amp; limiting the need for fossil exploitation. | Scandinavian Enviro Systems contributes to enhanced environmental and economic sustainability using a patented technology for the recovery of valuable raw materials from scrapped and end-of-life products, including tyres. The production of new tyres using carbon black recovered with Enviro’s technology reduces carbon dioxide emissions by up to 93 per cent compared with the use of virgin carbon black. Enviro has its head office in Gothenburg and a plant for the recycling of end-of-life tyres in Åsensbruk.

Started Enviro

Bengt Sture Ershag

Financial Executive

Urban Folcker

Chairman of the board på Scandinavian Enviro Systems AB (publ)

Alf Blomqvist

Sales Manager at Scandinavian Enviro Systems AB (publ)

Fredrik Olofsson

Enviro CEO Fredrik Emilson to participate at the international Recovered Carbon Black conference.

Enviro has received MSEK 17.6 in additional milestone compensation of which half in shares in the joint venture company.

AnVa Polytech AB recently announced that they have reduced their emissions by over 1,000,000 kg carbon dioxide equivalents, thanks to the use of Enviro’s recovered carbon black. Anva and Enviro’s long-term collaboration has, among other things, resulted in the delivery of over 175 million chassis plugs and body plugs made of environmentally adapted rubber to Volvo Car Corporation and The Volvo Group.

Our JV contractor reports further progress at the plant site in Uddevalla: "The ground and concrete work has advanced at a good pace. L-supports continue to be installed for the upcoming deck layers. The oil containment has been partially completed, and building B1/B4 now has both a roof and walls. The next step is the Pyrolysis slab, Office Building B2, and the Sprinkler slab."

Enviro has appointed Fredrik Aaben as new CFO. Fredrik joins Enviro from his role of Head of Corporate Finance at Volvo Cars, and will take up his new position in November 2024. Read more:

Enviro is one of the companies presenting at this year's edition of the Pareto Securities Energy Conference in Oslo, which begins today. Read more: https://lnkd.in/d8c87vK3

Progress in Uddevalla. Production continues as planned and the team has now begun the assembly of Building B1, which is connected to the main building, B4. Two silos have been lifted and installed in B4, where roofing has also commenced. Video: Robin Jansson , EBC Group.

Half Year Report Scandinavian Enviro Systems AB January – June 2024.

Scandinavian Enviro Systems has received MSEK 25.6 in compensation from the joint venture company after achieving a first predefined milestone linked to the construction of the plant in Uddevalla.

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-9.49M -	-16.56M 74.47%	-25.91M 56.51%	-33.30M 28.50%	-36.17M 8.62%	-36.10M 0.20%	-44.44M 23.10%	-49.79M 12.05%	-56.90M 14.28%	-83.78M 47.25%	-92.32M 10.19%
depreciation and amortization	167K -	1.56M 832.93%	1.58M 1.35%	4.18M 164.60%	12.33M 195.02%	12.65M 2.64%	12.72M 0.53%	12.82M 0.81%	13.45M 4.87%	14.03M 4.35%	15.46M 10.21%
deferred income tax
stock based compensation
change in working capital	24.13M -	-14.90M 161.76%	743K 104.99%	1.27M 71.60%	-2.27M 278.43%	1.18M 151.69%	1.07M 8.59%	-404K 137.58%	2.29M 666.58%	3.82M 66.89%	19.06M 398.93%
accounts receivables							-407K -	211K 151.84%	-1.24M 686.73%	-2.54M 104.93%	-2.07M 18.53%
inventory		-79K -	-209K 164.56%	132K 163.16%	-124K 193.94%	4K 103.23%	-383K 9,675%	-1.13M 195.30%	-508K 55.08%	207K 140.75%	-24K 111.59%
accounts payables							548K -	39K 92.88%	2.33M 5,864.10%	3.79M 62.90%	808K 78.68%
other working capital		-14.82M -	952K 106.42%	1.14M 20.06%	-2.15M 288.19%	1.17M 154.49%	1.32M 12.37%	477K 63.78%	1.71M 258.28%	2.36M 38.15%	20.34M 761.58%
other non cash items	-4.28M -	-535K 87.49%	-1.24M 132.52%	1.71M 237.22%	-748K 143.82%	-2.68M 258.82%	-319K 88.11%	-211K 33.86%	-134K 36.49%	196K 246.27%
net cash provided by operating activities	10.53M -	-30.44M 389.10%	-24.84M 18.40%	-26.14M 5.25%	-26.87M 2.79%	-24.95M 7.12%	-30.96M 24.07%	-37.58M 21.40%	-41.30M 9.88%	-65.74M 59.17%	-57.80M 12.07%
investments in property plant and equipment	-17.68M -	-19.11M 8.10%	-3.72M 80.55%	-4.07M 9.60%	-2.22M 45.43%	-811K 63.52%	-10.89M 1,242.66%	-10.83M 0.51%	-14.43M 33.22%	-32.92M 128.14%	-39.01M 18.47%
acquisitions net
purchases of investments	-12.19M -
sales maturities of investments		18K -
other investing activites	53K -		18K -	18K 0%	3K 83.33%		-148K -	-1K 99.32%		147K -	-1K 100.68%
net cash used for investing activites	-29.82M -	-19.09M 35.96%	-3.70M 80.63%	-4.06M 9.65%	-2.22M 45.27%	-811K 63.47%	-11.04M 1,260.91%	-10.83M 1.84%	-14.43M 33.21%	-32.78M 127.12%	-39.01M 19.00%
debt repayment			-6.29M -	-4.54M 27.84%	-1.76M 61.13%		-15.17M -	-3.17M 79.11%	-3.17M 0%	-1.25M 60.48%	-816K 34.82%
common stock issued	34.90M -	78.04M 123.63%	50.78M 34.93%	52.35M 3.09%		53.05M -	93.63M 76.52%	32.53M 65.26%	151.54M 365.89%		282.54M -
common stock repurchased
dividends paid
other financing activites	-10.16M -	-16.17M 59.11%	-6.13M 62.11%	-7.59M 23.79%		-11.88M -	-2.67M 77.51%	-30K 98.88%	-8.97M 29,796.67%	6.50M 172.47%
net cash used provided by financing activities	24.73M -	61.87M 150.14%	38.37M 37.99%	40.23M 4.85%	-1.76M 104.38%	41.17M 2,435.05%	75.79M 84.11%	29.33M 61.31%	139.40M 375.31%	5.25M 96.24%	281.73M 5,268.24%
effect of forex changes on cash			-2K -		1K -				1K -
net change in cash	5.44M -	12.34M 126.67%	9.83M 20.36%	10.03M 2.08%	-30.85M 407.51%	15.40M 149.93%	33.80M 119.42%	-19.09M 156.48%	83.67M 538.29%	-93.27M 211.47%	184.92M 298.27%
cash at beginning of period	2.67M -	8.12M 203.93%	20.45M 152.06%	30.28M 48.05%	40.31M 33.13%	9.47M 76.52%	24.87M 162.72%	58.67M 135.90%	39.58M 32.54%	123.25M 211.41%	29.98M 75.68%
cash at end of period	8.11M -	20.45M 152.10%	30.28M 48.05%	40.31M 33.13%	9.47M 76.52%	24.87M 162.72%	58.67M 135.90%	39.58M 32.54%	123.25M 211.41%	29.98M 75.68%	214.90M 616.82%
operating cash flow	10.53M -	-30.44M 389.10%	-24.84M 18.40%	-26.14M 5.25%	-26.87M 2.79%	-24.95M 7.12%	-30.96M 24.07%	-37.58M 21.40%	-41.30M 9.88%	-65.74M 59.17%	-57.80M 12.07%
capital expenditure	-17.68M -	-19.11M 8.10%	-3.72M 80.55%	-4.07M 9.60%	-2.22M 45.43%	-811K 63.52%	-10.89M 1,242.66%	-10.83M 0.51%	-14.43M 33.22%	-32.92M 128.14%	-39.01M 18.47%
free cash flow	-7.15M -	-49.55M 592.79%	-28.55M 42.37%	-30.21M 5.81%	-29.09M 3.72%	-25.76M 11.43%	-41.85M 62.43%	-48.42M 15.69%	-55.73M 15.11%	-98.66M 77.03%	-96.81M 1.88%

SES

SE:ENVIROSYSTEMS

Scandinavian Enviro Systems AB

Last Close

1.93

25/11 09:40

Market Cap

1.82B

Beta: -

Volume Today

322.12K

Avg: -

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