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Scandinavian Enviro Q3 revenue falls sharply amid company reorganisation

By Reuters News


Overview

  • Sweden tire recycling tech firm's Q3 revenue fell sharply yr/yr, net loss widened

  • Company remains under court-approved reorganisation, extended to November 2026


Outlook

  • Company did not provide specific financial guidance for the current or coming periods in its press release


Result Drivers

  • REVENUE DECLINE - Co attributed lower Q3 revenue to ongoing company reorganisation and operational disruptions

  • BANKRUPTCY IMPACT - Subsidiary Tyre Recycling in Sweden AB declared bankrupt, resulting in impairment loss at parent company

  • FINANCING ARRANGEMENTS - Co entered new conditional financing agreements and completed equity issues to raise capital


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

SEK 20,000

Q3 Adjusted Loss Per Share

SEK 0.03

Q3 Net Loss

SEK 37.30 mln


Analyst Coverage

  • Wall Street's median 12-month price target for Scandinavian Enviro Systems AB is SEK1.60, about 973.8% above its October 28 closing price of SEK0.15


Reuters Recommended Reads

  • Oct 28 - Canada's GFL Environmental Q3 revenue jumps 27% on acquisitions, lifts 2026 outlook

  • Oct 27 - Waste Management Q3 revenue slightly beats on higher volumes

  • Oct 28 - Clean Harbors Q3 revenue rises 21%, beats estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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