Balance Sheet Scandinavian Enviro Systems AB

Stocks

SES

SE0005877560

Environmental Services & Equipment

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 12/06/2026 BST			5-day change	1st Jan Change
0.2715 ^SEK	+0.74%		+4.02%	-66.40%

06-04	Certain Shares of Scandinavian Enviro Systems AB are subject to a Lock-Up Agreement Ending on 4-JUN-2026.	CI
05-29	Scandinavian Enviro Systems resolves on directed share issue and issuance of warrants	RE

5c16409c636b124.zg_fCXAUmm3V7TxKL1DDtGXreonl9OMszxRcyw8vvto.lmKtQQR49jeKhAgPdRKE1TC0F7iuoq12jmcJnWFI9--jWrZOQmzNNb-daQ

Published financial data: SCANDINAVIAN ENVIRO SYSTEMS AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7.59M	7.98M	13.94M	171M	31.53M
Other Revenues, Total	-	1K	-	-	-
Total Revenues	7.59M	7.98M	13.94M	171M	31.53M
Cost of Goods Sold, Total	24.93M	34.21M	41.44M	55.87M	68.84M
Gross Profit	-17.34M	-26.23M	-27.5M	115M	-37.31M
Selling General & Admin Expenses, Total	26.52M	43.74M	50.72M	48.7M	46.94M
Depreciation & Amortization - (IS)	13.45M	14.03M	15.46M	16.25M	17.59M
Other Operating Expenses	-403K	-92K	-70K	-	-
Other Operating Expenses, Total	39.56M	57.68M	66.11M	64.95M	64.54M
Operating Income	-56.9M	-83.91M	-93.61M	49.93M	-102M
Interest Expense, Total	-298K	-212K	-3.91M	-1.09M	-1.86M
Interest And Investment Income	163K	325K	5.34M	5.2M	1.69M
Net Interest Expenses	-135K	113K	1.42M	4.11M	-170K
Currency Exchange Gains (Loss)	-	82K	-140K	-427K	-438K
Other Non Operating Income (Expenses)	-	129K	-	-	212K
EBT, Excl. Unusual Items	-57.03M	-83.59M	-92.32M	53.62M	-102M
Gain (Loss) On Sale Of Investments	-	-	-	-	-109M
Asset Writedown	-	-	-	-	-156M
EBT, Incl. Unusual Items	-57.03M	-83.59M	-92.32M	53.62M	-367M
Earnings From Continuing Operations	-57.03M	-83.59M	-92.32M	53.62M	-367M
Net Income to Company	-57.03M	-83.59M	-92.32M	53.62M	-367M
Net Income - (IS)	-57.03M	-83.59M	-92.32M	53.62M	-367M
Net Income to Common Incl Extra Items	-57.03M	-83.59M	-92.32M	53.62M	-367M
Net Income to Common Excl. Extra Items	-57.03M	-83.59M	-92.32M	53.62M	-367M
Per Share Items
Net EPS - Basic	-0.1	-0.13	-0.12	0.07	-0.38
Basic EPS - Continuing Operations	-0.1	-0.13	-0.12	0.07	-0.38
Basic Weighted Average Shares Outstanding	570M	643M	769M	766M	965M
Net EPS - Diluted	-0.1	-0.13	-0.12	0.07	-0.38
Diluted EPS - Continuing Operations	-0.1	-0.13	-0.12	0.07	-0.38
Diluted Weighted Average Shares Outstanding	570M	643M	769M	766M	965M
Normalized Basic EPS	-0.06	-0.08	-0.08	0.04	-0.07
Normalized Diluted EPS	-0.06	-0.08	-0.08	0.04	-0.07
Supplemental Items
EBITDA	-48.66M	-75.54M	-84.68M	59.65M	-90.78M
EBITA	-54.96M	-81.96M	-91.83M	50.51M	-101M
EBIT	-56.9M	-83.91M	-93.61M	49.93M	-102M
EBITDAR	-46.5M	-72.29M	-80.62M	64.67M	-86.27M
Total Revenues (As Reported)	8.58M	7.66M	13.88M	171M	32.48M
Normalized Net Income	-35.65M	-52.24M	-57.7M	33.51M	-63.9M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	5.21M	5.66M	6.54M	6.53M	6.53M
Net Rental Expense, Total	2.16M	3.24M	4.06M	5.02M	4.51M
Imputed Operating Lease Interest Expense	2.18M	1.62M	22.65M	9.15M	16.9M
Imputed Operating Lease Depreciation	-21.99K	1.63M	-18.59M	-4.12M	-12.38M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	123M	29.98M	215M	75.31M	73.49M
Total Cash And Short Term Investments	123M	29.98M	215M	75.31M	73.49M
Accounts Receivable, Total	368K	774K	2.61M	2.95M	1.6M
Other Receivables	3.46M	3.61M	5.39M	30M	15.87M
Total Receivables	3.83M	4.39M	7.99M	32.94M	17.47M
Inventory	2.3M	2.09M	2.12M	1.83M	2.62M
Prepaid Expenses	608K	2.59M	1.05M	1.21M	1.06M
Other Current Assets, Total	-1K	-	-	1K	-
Total Current Assets	130M	39.05M	226M	111M	94.64M
Gross Property Plant And Equipment	101M	116M	123M	136M	138M
Accumulated Depreciation	-30.54M	-36.97M	-44.11M	-53.26M	-63.76M
Net Property Plant And Equipment	70.67M	78.76M	79.17M	82.84M	74.61M
Long-term Investments	-	-	-	108M	14.39M
Goodwill	2.44M	1.22M	0	0	0
Other Intangibles, Total	3.41M	2.87M	2.45M	1.89M	524K
Deferred Charges Long-Term	36.38M	48.95M	73.72M	140M	96.88M
Other Long-Term Assets, Total	149K	-	-	-	-
Total Assets	243M	171M	381M	445M	281M
Liabilities
Accounts Payable, Total	5.54M	9.33M	10.14M	17.61M	17.69M
Accrued Expenses, Total	3.98M	6.15M	7.1M	6.03M	8.67M
Current Portion of Long-Term Debt	776K	816K	816K	816K	816K
Other Current Liabilities	5.57M	5.77M	25.16M	29.44M	25.32M
Total Current Liabilities	15.87M	22.06M	43.21M	53.9M	52.5M
Long-Term Debt	-	5.21M	4.39M	3.58M	2.76M
Other Non Current Liabilities	1K	-	-	1K	-
Total Liabilities	15.87M	27.27M	47.6M	57.47M	55.26M
Common Stock, Total	26.26M	26.26M	32.26M	32.26M	43.83M
Additional Paid In Capital	545M	545M	821M	821M	1.01B
Comprehensive Income and Other	-344M	-427M	-520M	-466M	-833M
Total Common Equity	227M	144M	334M	387M	226M
Total Equity	227M	144M	334M	387M	226M
Total Liabilities And Equity	243M	171M	381M	445M	281M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	657M	657M	807M	807M	1.1B
ECS Total Common Shares Outstanding	657M	657M	807M	807M	1.1B
Book Value / Share	0.35	0.22	0.41	0.48	0.21
Tangible Book Value	221M	139M	331M	386M	225M
Tangible Book Value Per Share	0.34	0.21	0.41	0.48	0.21
Total Debt	776K	6.02M	5.21M	4.39M	3.58M
Net Debt	-122M	-23.96M	-210M	-70.91M	-69.92M
Debt Equivalent Oper. Leases	17.3M	25.96M	32.52M	40.2M	36.11M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	96K	52K	66K	68K	46K
Inventories - Work In Process, Total	110K	12K	18K	19K	19K
Inventories - Finished Goods, Total	1.28M	907K	648K	851K	1.65M
Inventories - Others	817K	1.12M	1.38M	896K	903K
Machinery, Total	101M	116M	123M	136M	138M
Full Time Employees	23	36	40	87	42

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-57.03M	-83.59M	-92.32M	53.62M	-367M
Depreciation & Amortization - CF	6.3M	6.42M	7.15M	9.14M	10.51M
Amortization of Goodwill and Intangible Assets - (CF)	1.94M	1.95M	1.78M	573K	550K
Depreciation & Amortization, Total	8.24M	8.38M	8.93M	9.72M	11.06M
Amortization of Deferred Charges, Total - (CF)	5.21M	5.66M	6.54M	6.53M	6.53M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	156M
Other Operating Activities, Total	0	1K	0	1K	109M
Change In Accounts Receivable	-214K	-406K	-1.83M	-343K	1.35M
Change In Inventories	-508K	207K	-24K	-1.2M	-786K
Change In Accounts Payable	2.33M	3.79M	808K	7.47M	83K
Change in Other Net Operating Assets	685K	230K	20.11M	-21.55M	12.79M
Cash from Operations	-41.3M	-65.74M	-57.8M	54.24M	-71.21M
Capital Expenditure	-6.34M	-14.51M	-7.56M	-11.33M	-2.28M
Sale (Purchase) of Intangible assets	-8.1M	-18.41M	-31.45M	-73.26M	-118M
Investment in Marketable and Equity Securities, Total	-	-	-	-108M	-14.68M
Other Investing Activities, Total	-	147K	-	-1K	-
Cash from Investing	-14.43M	-32.78M	-39.01M	-193M	-135M
Long-Term Debt Issued, Total	-	6.5M	-	-	-
Total Debt Issued	-	6.5M	-	-	-
Long-Term Debt Repaid, Total	-3.17M	-1.25M	-816K	-816K	-816K
Total Debt Repaid	-3.17M	-1.25M	-816K	-816K	-816K
Issuance of Common Stock	152M	-	300M	-	240M
Other Financing Activities, Total	-8.97M	-	-17.46M	-	-35M
Cash from Financing	139M	5.25M	282M	-816K	204M
Miscellaneous Cash Flow Adjustments	1K	-	-	-	-
Net Change in Cash	83.67M	-93.27M	185M	-140M	-1.81M
Supplemental Items
Cash Interest Paid	298K	212K	4.19M	1.52M	2.3M
Levered Free Cash Flow	-34.45M	-66.85M	-65.44M	-51.96M	-154M
Unlevered Free Cash Flow	-34.26M	-66.72M	-62.99M	-51.27M	-153M
Change In Net Working Capital	-2.29M	-4.62M	-19.06M	14.14M	-13.44M
Net Debt Issued / Repaid	-3.17M	5.25M	-816K	-816K	-816K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-17.8	-25.34	-21.19	7.55	-17.54
Return on Total Capital	-19.04	-27.78	-23.95	8.54	-20.49
Return On Equity %	-30.93	-45.09	-38.68	14.87	-119.58
Return on Common Equity	-30.93	-45.09	-38.68	14.87	-119.58
Margin Analysis
Gross Profit Margin %	-228.39	-328.82	-197.27	67.28	-118.3
SG&A Margin	349.28	548.36	363.86	28.52	148.86
EBITDA Margin %	-640.94	-946.93	-607.51	34.93	-287.89
EBITA Margin %	-723.97	-1.03K	-658.78	29.58	-321.21
EBIT Margin %	-749.46	-1.05K	-671.56	29.24	-322.96
Income From Continuing Operations Margin %	-751.24	-1.05K	-662.34	31.4	-1.16K
Net Income Margin %	-751.24	-1.05K	-662.34	31.4	-1.16K
Net Avail. For Common Margin %	-751.24	-1.05K	-662.34	31.4	-1.16K
Normalized Net Income Margin	-469.52	-654.91	-413.96	19.62	-202.63
Levered Free Cash Flow Margin	-453.72	-838.03	-469.44	-30.43	-488.02
Unlevered Free Cash Flow Margin	-451.26	-836.37	-451.9	-30.03	-484.32
Asset Turnover
Asset Turnover	0.04	0.04	0.05	0.41	0.09
Fixed Assets Turnover	0.11	0.11	0.18	2.11	0.4
Receivables Turnover (Average Receivables)	29.09	13.97	8.25	61.46	13.86
Inventory Turnover (Average Inventory)	12.19	15.58	19.7	28.3	30.91
Short Term Liquidity
Current Ratio	8.19	1.77	5.23	2.06	1.8
Quick Ratio	8.01	1.56	5.16	2.01	1.73
Operating Cash Flow to Current Liabilities	-2.6	-2.98	-1.34	1.01	-1.36
Days Sales Outstanding (Average Receivables)	12.55	26.13	44.27	5.96	26.33
Days Outstanding Inventory (Average Inventory)	29.94	23.42	18.52	12.93	11.81
Average Days Payable Outstanding	62.84	79.85	85.72	91.35	92.53
Cash Conversion Cycle (Average Days)	-20.36	-30.3	-22.93	-72.46	-54.39
Long Term Solvency
Total Debt/Equity	0.34	4.2	1.56	1.13	1.58
Total Debt / Total Capital	0.34	4.03	1.54	1.12	1.56
LT Debt/Equity	-	3.63	1.32	0.92	1.22
Long-Term Debt / Total Capital	-	3.48	1.3	0.91	1.2
Total Liabilities / Total Assets	6.53	15.96	12.48	12.92	19.66
EBIT / Interest Expense	-190.94	-395.81	-23.93	45.73	-54.64
EBITDA / Interest Expense	-163.29	-356.31	-21.65	54.62	-48.7
(EBITDA - Capex) / Interest Expense	-184.55	-424.76	-23.58	44.25	-49.93
Total Debt / EBITDA	-0.02	-0.08	-0.06	0.07	-0.04
Net Debt / EBITDA	2.52	0.32	2.48	-1.19	0.77
Total Debt / (EBITDA - Capex)	-0.01	-0.07	-0.06	0.09	-0.04
Net Debt / (EBITDA - Capex)	2.23	0.27	2.27	-1.47	0.75
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	403.45	5.07	74.76	1.13K	-81.53
Gross Profit, 1 Yr. Growth %	3.65	51.28	4.83	-517.8	-132.47
EBITDA, 1 Yr. Growth %	15.62	54.98	12.3	-170.44	-252.2
EBITA, 1 Yr. Growth %	14.8	48.9	12.22	-155	-300.56
EBIT, 1 Yr. Growth %	14.28	47.27	11.73	-153.34	-303.96
Earnings From Cont. Operations, 1 Yr. Growth %	14.06	46.56	10.45	-158.07	-783.78
Net Income, 1 Yr. Growth %	14.06	46.56	10.45	-158.07	-783.78
Normalized Net Income, 1 Yr. Growth %	14.06	46.56	10.45	-158.07	-290.68
Diluted EPS Before Extra, 1 Yr. Growth %	11.11	30	-7.69	-158.33	-642.86
Accounts Receivable, 1 Yr. Growth %	138.96	110.33	236.82	13.16	-45.76
Inventory, 1 Yr. Growth %	28.36	-9.05	1.15	-13.29	42.86
Net Property, Plant and Equip., 1 Yr. Growth %	0.05	11.45	0.52	4.63	-9.93
Total Assets, 1 Yr. Growth %	55.16	-29.7	123.24	16.65	-36.83
Tangible Book Value, 1 Yr. Growth %	65.05	-36.97	137.54	16.35	-41.57
Common Equity, 1 Yr. Growth %	60.39	-36.8	132.49	16.06	-41.72
Cash From Operations, 1 Yr. Growth %	9.88	59.17	-12.07	-193.84	-231.28
Capital Expenditures, 1 Yr. Growth %	-1.19	129	-47.94	49.93	-79.85
Levered Free Cash Flow, 1 Yr. Growth %	15.66	89.84	-2	-20.6	196.19
Unlevered Free Cash Flow, 1 Yr. Growth %	16	90.02	-5.47	-18.6	197.86
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	164.04	130	35.5	362.69	50.41
Gross Profit, 2 Yr. CAGR %	2.87	25.22	25.93	109.28	16.48
EBITDA, 2 Yr. CAGR %	14.94	33.97	31.81	-11.06	3.54
EBITA, 2 Yr. CAGR %	13.67	30.83	29.16	-21.44	5.03
EBIT, 2 Yr. CAGR %	13.16	29.82	28.17	-22.8	4.3
Earnings From Cont. Operations, 2 Yr. CAGR %	12.89	29.29	27.23	-19.91	99.27
Net Income, 2 Yr. CAGR %	12.89	29.29	27.23	-19.91	99.27
Normalized Net Income, 2 Yr. CAGR %	12.89	29.29	27.23	-19.91	5.23
Diluted EPS Before Extra, 2 Yr. CAGR %	-12.29	20.18	9.54	-26.62	77.95
Accounts Receivable, 2 Yr. CAGR %	7.24	124.19	166.16	95.23	-21.66
Inventory, 2 Yr. CAGR %	86.78	8.05	-4.09	-6.35	11.3
Net Property, Plant and Equip., 2 Yr. CAGR %	0.46	5.59	5.84	2.55	-2.92
Total Assets, 2 Yr. CAGR %	17.25	4.44	25.27	61.37	-14.16
Tangible Book Value, 2 Yr. CAGR %	21.41	1.99	22.36	66.25	-17.55
Common Equity, 2 Yr. CAGR %	19.48	0.68	21.22	64.27	-17.75
Cash From Operations, 2 Yr. CAGR %	15.5	32.25	18.3	-9.16	10.99
Capital Expenditures, 2 Yr. CAGR %	-21.6	50.43	9.19	-11.65	-45.04
Levered Free Cash Flow, 2 Yr. CAGR %	-3.74	49.82	36.32	-11.79	53.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	-3.6	50.3	33.94	-12.28	55.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	88.75	94.21	109.87	182.28	58.12
Gross Profit, 3 Yr. CAGR %	9.57	16.98	18.02	87.82	12.46
EBITDA, 3 Yr. CAGR %	19.44	27.05	26.24	6.96	6.38
EBITA, 3 Yr. CAGR %	17.06	24.43	24.24	-2.83	7.37
EBIT, 3 Yr. CAGR %	16.38	23.6	23.42	-4.3	6.72
Earnings From Cont. Operations, 3 Yr. CAGR %	13.72	23.15	22.68	-2.04	63.69
Net Income, 3 Yr. CAGR %	13.72	23.15	22.68	-2.04	63.69
Normalized Net Income, 3 Yr. CAGR %	13.72	23.15	22.68	-2.04	6.94
Diluted EPS Before Extra, 3 Yr. CAGR %	-32.14	0	10.06	-11.21	42.98
Accounts Receivable, 3 Yr. CAGR %	35.48	34.23	156.77	100.14	27.39
Inventory, 3 Yr. CAGR %	102.71	46.95	5.7	-7.26	7.81
Net Property, Plant and Equip., 3 Yr. CAGR %	2.61	4	3.87	5.44	-1.79
Total Assets, 3 Yr. CAGR %	8.75	-1.13	34.53	22.33	18.05
Tangible Book Value, 3 Yr. CAGR %	14.43	-2.43	35.19	20.32	17.32
Common Equity, 3 Yr. CAGR %	12.87	-3.37	33.08	19.48	16.29
Cash From Operations, 3 Yr. CAGR %	18.29	28.53	15.43	9.51	2.7
Capital Expenditures, 3 Yr. CAGR %	149.3	12.07	5.61	21.36	-46.02
Levered Free Cash Flow, 3 Yr. CAGR %	256.52	21.6	30	13.84	32.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	229.46	21.86	28.72	13.45	31.85
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	105.93	61.06	65.31	174.83	83.69
Gross Profit, 5 Yr. CAGR %	4.84	14.22	15.84	47.63	17.4
EBITDA, 5 Yr. CAGR %	9.93	21.32	24.28	10.12	16.62
EBITA, 5 Yr. CAGR %	11.63	18.96	21.8	3.49	16.17
EBIT, 5 Yr. CAGR %	11.31	18.33	21	2.36	15.39
Earnings From Cont. Operations, 5 Yr. CAGR %	10.61	17.76	18.94	3.68	48.95
Net Income, 5 Yr. CAGR %	10.61	17.76	18.94	3.68	48.95
Normalized Net Income, 5 Yr. CAGR %	10.61	17.76	18.94	3.68	15.38
Diluted EPS Before Extra, 5 Yr. CAGR %	-27.23	-16.49	-17.81	-11.65	33.39
Accounts Receivable, 5 Yr. CAGR %	161.66	61.71	77.49	55.93	59.71
Inventory, 5 Yr. CAGR %	71.05	49.5	50.27	22.72	7.9
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.54	2.18	3.89	3.42	1.1
Total Assets, 5 Yr. CAGR %	6.08	4.02	15.08	20.27	12.4
Tangible Book Value, 5 Yr. CAGR %	10.07	6.58	17.54	20.75	10.93
Common Equity, 5 Yr. CAGR %	8.64	4.87	16.14	19.48	9.78
Cash From Operations, 5 Yr. CAGR %	9.58	19.6	18.29	11.87	13.63
Capital Expenditures, 5 Yr. CAGR %	31.58	277.22	79.19	1.9	-18.67
Levered Free Cash Flow, 5 Yr. CAGR %	11.24	37.08	143.77	6.92	38.88
Unlevered Free Cash Flow, 5 Yr. CAGR %	12.01	38.11	130.98	6.82	38.9