Scandinavian Enviro Q3 revenue falls sharply amid company reorganisation
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
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Oct 28 - Clean Harbors Q3 revenue rises 21%, beats estimates
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(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.)