Enviro in the red in 2023, now positioned for profitability

Scandinavian Enviro Systems AB (Enviro) has published its financial results for 2023, and these figures reflect the expense involved with setting up a new recycling solution for end-of-life tyres. The Swedish firm achieved net revenues of SEK 13.9 million (£1.1 million) during the year, a 73.8 per cent increase on 2022 revenues. Operating results were still in the red at SEK -93.6 million (-£7.1 million) and earnings after tax were SEK -92.3 million (-£7.0 million) (2022: SEK -83.6 million).