Cash flow Scandinavian Enviro Systems AB

Equities

SES

SE0005877560

Environmental Services & Equipment

Market Closed - Nasdaq Stockholm Other stock markets 17:00:00 05/06/2026 BST			5-day change	1st Jan Change
0.2610 ^SEK	+5.67%		-0.19%	-67.70%

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

6ad118f95651b67e4b05ec70c199d158.f7ENiVgDajULH5thKvOurCtAv1aMQvo7VIv_HcZviDs.IMJ432FzMkU9a6wyRarc3GoF6g7UDbZhZb2lUJ9b33Ubxmi7KlYaZzonwg

Published financial data: SCANDINAVIAN ENVIRO SYSTEMS AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.51M	7.59M	7.98M	13.94M	171M
Other Revenues, Total	-	-	1K	-	-
Total Revenues	1.51M	7.59M	7.98M	13.94M	171M
Cost of Goods Sold, Total	18.24M	24.93M	34.21M	41.44M	55.87M
Gross Profit	-16.73M	-17.34M	-26.23M	-27.5M	115M
Selling General & Admin Expenses, Total	20.27M	26.52M	43.74M	50.72M	48.7M
Depreciation & Amortization - (IS)	12.82M	13.45M	14.03M	15.46M	16.25M
Other Operating Expenses	-29K	-403K	-92K	-70K	-
Other Operating Expenses, Total	33.06M	39.56M	57.68M	66.11M	64.95M
Operating Income	-49.79M	-56.9M	-83.91M	-93.61M	49.93M
Interest Expense, Total	-395K	-298K	-212K	-3.91M	-1.09M
Interest And Investment Income	184K	163K	325K	5.34M	5.2M
Net Interest Expenses	-211K	-135K	113K	1.42M	4.11M
Currency Exchange Gains (Loss)	-	-	82K	-140K	-427K
Other Non Operating Income (Expenses)	-	-	129K	-	-
EBT, Excl. Unusual Items	-50M	-57.03M	-83.59M	-92.32M	53.62M
EBT, Incl. Unusual Items	-50M	-57.03M	-83.59M	-92.32M	53.62M
Earnings From Continuing Operations	-50M	-57.03M	-83.59M	-92.32M	53.62M
Net Income to Company	-50M	-57.03M	-83.59M	-92.32M	53.62M
Net Income - (IS)	-50M	-57.03M	-83.59M	-92.32M	53.62M
Net Income to Common Incl Extra Items	-50M	-57.03M	-83.59M	-92.32M	53.62M
Net Income to Common Excl. Extra Items	-50M	-57.03M	-83.59M	-92.32M	53.62M
Per Share Items
Net EPS - Basic	-0.09	-0.1	-0.13	-0.12	0.07
Basic EPS - Continuing Operations	-0.09	-0.1	-0.13	-0.12	0.07
Basic Weighted Average Shares Outstanding	556M	570M	643M	769M	766M
Net EPS - Diluted	-0.09	-0.1	-0.13	-0.12	0.07
Diluted EPS - Continuing Operations	-0.09	-0.1	-0.13	-0.12	0.07
Diluted Weighted Average Shares Outstanding	556M	570M	643M	769M	766M
Normalized Basic EPS	-0.06	-0.06	-0.08	-0.08	0.04
Normalized Diluted EPS	-0.06	-0.06	-0.08	-0.08	0.04
Supplemental Items
EBITDA	-42.09M	-48.66M	-75.54M	-84.68M	59.65M
EBITA	-47.88M	-54.96M	-81.96M	-91.83M	50.51M
EBIT	-49.79M	-56.9M	-83.91M	-93.61M	49.93M
EBITDAR	-40.09M	-46.5M	-72.29M	-80.62M	64.67M
Total Revenues (As Reported)	1.89M	8.58M	7.66M	13.88M	171M
Normalized Net Income	-31.25M	-35.65M	-52.24M	-57.7M	33.51M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	5.12M	5.21M	5.66M	6.54M	6.53M
Net Rental Expense, Total	2M	2.16M	3.24M	4.06M	5.02M
Imputed Operating Lease Interest Expense	1.14M	2.18M	1.62M	22.65M	9.15M
Imputed Operating Lease Depreciation	855K	-21.99K	1.63M	-18.59M	-4.12M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	39.58M	123M	29.98M	215M	75.31M
Total Cash And Short Term Investments	39.58M	123M	29.98M	215M	75.31M
Accounts Receivable, Total	154K	368K	774K	2.61M	2.95M
Other Receivables	2.54M	3.46M	3.61M	5.39M	30M
Total Receivables	2.69M	3.83M	4.39M	7.99M	32.94M
Inventory	1.79M	2.3M	2.09M	2.12M	1.83M
Prepaid Expenses	514K	608K	2.59M	1.05M	1.21M
Other Current Assets, Total	-2K	-1K	-	-	1K
Total Current Assets	44.57M	130M	39.05M	226M	111M
Gross Property Plant And Equipment	95.01M	101M	116M	123M	136M
Accumulated Depreciation	-24.37M	-30.54M	-36.97M	-44.11M	-53.26M
Net Property Plant And Equipment	70.64M	70.67M	78.76M	79.17M	82.84M
Long-term Investments	-	-	-	-	108M
Goodwill	3.66M	2.44M	1.22M	0	0
Other Intangibles, Total	3.88M	3.41M	2.87M	2.45M	1.89M
Deferred Charges Long-Term	33.74M	36.38M	48.95M	73.72M	140M
Other Long-Term Assets, Total	148K	149K	-	-	-
Total Assets	157M	243M	171M	381M	445M
Liabilities
Accounts Payable, Total	3.22M	5.54M	9.33M	10.14M	17.61M
Accrued Expenses, Total	3.52M	3.98M	6.15M	7.1M	6.03M
Current Portion of Long-Term Debt	3.17M	776K	816K	816K	816K
Other Current Liabilities	4.32M	5.57M	5.77M	25.16M	29.44M
Total Current Liabilities	14.23M	15.87M	22.06M	43.21M	53.9M
Long-Term Debt	776K	-	5.21M	4.39M	3.58M
Other Non Current Liabilities	-	1K	-	-	1K
Total Liabilities	15M	15.87M	27.27M	47.6M	57.47M
Common Stock, Total	23.23M	26.26M	26.26M	32.26M	32.26M
Additional Paid In Capital	405M	545M	545M	821M	821M
Comprehensive Income and Other	-287M	-344M	-427M	-520M	-466M
Total Common Equity	142M	227M	144M	334M	387M
Total Equity	142M	227M	144M	334M	387M
Total Liabilities And Equity	157M	243M	171M	381M	445M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	581M	657M	657M	807M	807M
ECS Total Common Shares Outstanding	581M	657M	657M	807M	807M
Book Value / Share	0.24	0.35	0.22	0.41	0.48
Tangible Book Value	134M	221M	139M	331M	386M
Tangible Book Value Per Share	0.23	0.34	0.21	0.41	0.48
Total Debt	3.94M	776K	6.02M	5.21M	4.39M
Net Debt	-35.63M	-122M	-23.96M	-210M	-70.91M
Debt Equivalent Oper. Leases	15.97M	17.3M	25.96M	32.52M	40.2M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	66K	96K	52K	66K	68K
Inventories - Work In Process, Total	123K	110K	12K	18K	19K
Inventories - Finished Goods, Total	580K	1.28M	907K	648K	851K
Inventories - Others	1.02M	817K	1.12M	1.38M	896K
Machinery, Total	95.01M	101M	116M	123M	136M
Full Time Employees	22	23	36	40	87

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-50M	-57.03M	-83.59M	-92.32M	53.62M
Depreciation & Amortization - CF	5.79M	6.3M	6.42M	7.15M	9.14M
Amortization of Goodwill and Intangible Assets - (CF)	1.91M	1.94M	1.95M	1.78M	573K
Depreciation & Amortization, Total	7.7M	8.24M	8.38M	8.93M	9.72M
Amortization of Deferred Charges, Total - (CF)	5.12M	5.21M	5.66M	6.54M	6.53M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	0	0	1K	0	1K
Change In Accounts Receivable	166K	-214K	-406K	-1.83M	-343K
Change In Inventories	-1.13M	-508K	207K	-24K	-1.2M
Change In Accounts Payable	39K	2.33M	3.79M	808K	7.47M
Change in Other Net Operating Assets	522K	685K	230K	20.11M	-21.55M
Cash from Operations	-37.58M	-41.3M	-65.74M	-57.8M	54.24M
Capital Expenditure	-6.41M	-6.34M	-14.51M	-7.56M	-11.33M
Sale (Purchase) of Intangible assets	-4.42M	-8.1M	-18.41M	-31.45M	-73.26M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-108M
Other Investing Activities, Total	-1K	-	147K	-	-1K
Cash from Investing	-10.83M	-14.43M	-32.78M	-39.01M	-193M
Long-Term Debt Issued, Total	-	-	6.5M	-	-
Total Debt Issued	-	-	6.5M	-	-
Long-Term Debt Repaid, Total	-3.17M	-3.17M	-1.25M	-816K	-816K
Total Debt Repaid	-3.17M	-3.17M	-1.25M	-816K	-816K
Issuance of Common Stock	32.53M	152M	-	300M	-
Other Financing Activities, Total	-30K	-8.97M	-	-17.46M	-
Cash from Financing	29.33M	139M	5.25M	282M	-816K
Miscellaneous Cash Flow Adjustments	-	1K	-	-	-
Net Change in Cash	-19.09M	83.67M	-93.27M	185M	-140M
Supplemental Items
Cash Interest Paid	395K	298K	212K	4.19M	1.52M
Levered Free Cash Flow	-29.78M	-34.45M	-66.85M	-65.44M	-51.96M
Unlevered Free Cash Flow	-29.53M	-34.26M	-66.72M	-62.99M	-51.27M
Change In Net Working Capital	404K	-2.29M	-4.62M	-19.06M	14.14M
Net Debt Issued / Repaid	-3.17M	-3.17M	5.25M	-816K	-816K

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-18.67	-17.8	-25.34	-21.19	7.55
Return on Total Capital	-19.96	-19.04	-27.78	-23.95	8.54
Return On Equity %	-33.25	-30.93	-45.09	-38.68	14.87
Return on Common Equity	-33.25	-30.93	-45.09	-38.68	14.87
Margin Analysis
Gross Profit Margin %	-1.11K	-228.39	-328.82	-197.27	67.28
SG&A Margin	1.34K	349.28	548.36	363.86	28.52
EBITDA Margin %	-2.79K	-640.94	-946.93	-607.51	34.93
EBITA Margin %	-3.18K	-723.97	-1.03K	-658.78	29.58
EBIT Margin %	-3.3K	-749.46	-1.05K	-671.56	29.24
Income From Continuing Operations Margin %	-3.32K	-751.24	-1.05K	-662.34	31.4
Net Income Margin %	-3.32K	-751.24	-1.05K	-662.34	31.4
Net Avail. For Common Margin %	-3.32K	-751.24	-1.05K	-662.34	31.4
Normalized Net Income Margin	-2.07K	-469.52	-654.91	-413.96	19.62
Levered Free Cash Flow Margin	-1.97K	-453.72	-838.03	-469.44	-30.43
Unlevered Free Cash Flow Margin	-1.96K	-451.26	-836.37	-451.9	-30.03
Asset Turnover
Asset Turnover	0.01	0.04	0.04	0.05	0.41
Fixed Assets Turnover	0.02	0.11	0.11	0.18	2.11
Receivables Turnover (Average Receivables)	6.36	29.09	13.97	8.25	61.46
Inventory Turnover (Average Inventory)	14.89	12.19	15.58	19.7	28.3
Short Term Liquidity
Current Ratio	3.13	8.19	1.77	5.23	2.06
Quick Ratio	2.97	8.01	1.56	5.16	2.01
Operating Cash Flow to Current Liabilities	-2.64	-2.6	-2.98	-1.34	1.01
Days Sales Outstanding (Average Receivables)	57.52	12.55	26.13	44.27	5.96
Days Outstanding Inventory (Average Inventory)	24.59	29.94	23.42	18.52	12.93
Average Days Payable Outstanding	60.42	62.84	79.85	85.72	91.35
Cash Conversion Cycle (Average Days)	21.68	-20.36	-30.3	-22.93	-72.46
Long Term Solvency
Total Debt/Equity	2.78	0.34	4.2	1.56	1.13
Total Debt / Total Capital	2.71	0.34	4.03	1.54	1.12
LT Debt/Equity	0.55	-	3.63	1.32	0.92
Long-Term Debt / Total Capital	0.53	-	3.48	1.3	0.91
Total Liabilities / Total Assets	9.58	6.53	15.96	12.48	12.92
EBIT / Interest Expense	-126.05	-190.94	-395.81	-23.93	45.73
EBITDA / Interest Expense	-106.55	-163.29	-356.31	-21.65	54.62
(EBITDA - Capex) / Interest Expense	-122.78	-184.55	-424.76	-23.58	44.25
Total Debt / EBITDA	-0.09	-0.02	-0.08	-0.06	0.07
Net Debt / EBITDA	0.85	2.52	0.32	2.48	-1.19
Total Debt / (EBITDA - Capex)	-0.08	-0.01	-0.07	-0.06	0.09
Net Debt / (EBITDA - Capex)	0.73	2.23	0.27	2.27	-1.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	38.48	403.45	5.07	74.76	1.13K
Gross Profit, 1 Yr. Growth %	2.09	3.65	51.28	4.83	-517.8
EBITDA, 1 Yr. Growth %	14.27	15.62	54.98	12.3	-170.44
EBITA, 1 Yr. Growth %	12.55	14.8	48.9	12.22	-155
EBIT, 1 Yr. Growth %	12.06	14.28	47.27	11.73	-153.34
Earnings From Cont. Operations, 1 Yr. Growth %	11.72	14.06	46.56	10.45	-158.07
Net Income, 1 Yr. Growth %	11.72	14.06	46.56	10.45	-158.07
Normalized Net Income, 1 Yr. Growth %	11.72	14.06	46.56	10.45	-158.07
Diluted EPS Before Extra, 1 Yr. Growth %	-30.77	11.11	30	-7.69	-158.33
Accounts Receivable, 1 Yr. Growth %	-51.88	138.96	110.33	236.82	13.16
Inventory, 1 Yr. Growth %	171.78	28.36	-9.05	1.15	-13.29
Net Property, Plant and Equip., 1 Yr. Growth %	0.88	0.05	11.45	0.52	4.63
Total Assets, 1 Yr. Growth %	-11.4	55.16	-29.7	123.24	16.65
Tangible Book Value, 1 Yr. Growth %	-10.7	65.05	-36.97	137.54	16.35
Common Equity, 1 Yr. Growth %	-11	60.39	-36.8	132.49	16.06
Cash From Operations, 1 Yr. Growth %	21.4	9.88	59.17	-12.07	-193.84
Capital Expenditures, 1 Yr. Growth %	-37.79	-1.19	129	-47.94	49.93
Levered Free Cash Flow, 1 Yr. Growth %	-19.89	15.66	89.84	-2	-20.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-19.89	16	90.02	-5.47	-18.6
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	15.57	164.04	130	35.5	362.69
Gross Profit, 2 Yr. CAGR %	12.65	2.87	25.22	25.93	109.28
EBITDA, 2 Yr. CAGR %	21.39	14.94	33.97	31.81	-11.06
EBITA, 2 Yr. CAGR %	18.21	13.67	30.83	29.16	-21.44
EBIT, 2 Yr. CAGR %	17.45	13.16	29.82	28.17	-22.8
Earnings From Cont. Operations, 2 Yr. CAGR %	13.54	12.89	29.29	27.23	-19.91
Net Income, 2 Yr. CAGR %	13.54	12.89	29.29	27.23	-19.91
Normalized Net Income, 2 Yr. CAGR %	13.54	12.89	29.29	27.23	-19.91
Diluted EPS Before Extra, 2 Yr. CAGR %	-46.97	-12.29	20.18	9.54	-26.62
Accounts Receivable, 2 Yr. CAGR %	2.01	7.24	124.19	166.16	95.23
Inventory, 2 Yr. CAGR %	154.74	86.78	8.05	-4.09	-6.35
Net Property, Plant and Equip., 2 Yr. CAGR %	3.91	0.46	5.59	5.84	2.55
Total Assets, 2 Yr. CAGR %	-8.95	17.25	4.44	25.27	61.37
Tangible Book Value, 2 Yr. CAGR %	-4.72	21.41	1.99	22.36	66.25
Common Equity, 2 Yr. CAGR %	-5.32	19.48	0.68	21.22	64.27
Cash From Operations, 2 Yr. CAGR %	22.73	15.5	32.25	18.3	-9.16
Capital Expenditures, 2 Yr. CAGR %	295.98	-21.6	50.43	9.19	-11.65
Levered Free Cash Flow, 2 Yr. CAGR %	525.93	-3.74	49.82	36.32	-11.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	455.24	-3.6	50.3	33.94	-12.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	27.01	88.75	94.21	109.87	182.28
Gross Profit, 3 Yr. CAGR %	7.43	9.57	16.98	18.02	87.82
EBITDA, 3 Yr. CAGR %	13.55	19.44	27.05	26.24	6.96
EBITA, 3 Yr. CAGR %	11.64	17.06	24.43	24.24	-2.83
EBIT, 3 Yr. CAGR %	11.24	16.38	23.6	23.42	-4.3
Earnings From Cont. Operations, 3 Yr. CAGR %	10.64	13.72	23.15	22.68	-2.04
Net Income, 3 Yr. CAGR %	10.64	13.72	23.15	22.68	-2.04
Normalized Net Income, 3 Yr. CAGR %	10.64	13.72	23.15	22.68	-2.04
Diluted EPS Before Extra, 3 Yr. CAGR %	-34.48	-32.14	0	10.06	-11.21
Accounts Receivable, 3 Yr. CAGR %	30.06	35.48	34.23	156.77	100.14
Inventory, 3 Yr. CAGR %	85.63	102.71	46.95	5.7	-7.26
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.04	2.61	4	3.87	5.44
Total Assets, 3 Yr. CAGR %	3.74	8.75	-1.13	34.53	22.33
Tangible Book Value, 3 Yr. CAGR %	9.75	14.43	-2.43	35.19	20.32
Common Equity, 3 Yr. CAGR %	7.76	12.87	-3.37	33.08	19.48
Cash From Operations, 3 Yr. CAGR %	11.84	18.29	28.53	15.43	9.51
Capital Expenditures, 3 Yr. CAGR %	596.26	149.3	12.07	5.61	21.36
Levered Free Cash Flow, 3 Yr. CAGR %	29.19	256.52	21.6	30	13.84
Unlevered Free Cash Flow, 3 Yr. CAGR %	30.54	229.46	21.86	28.72	13.45
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	52.98	105.93	61.06	65.31	174.83
Gross Profit, 5 Yr. CAGR %	5.04	4.84	14.22	15.84	47.63
EBITDA, 5 Yr. CAGR %	11.58	9.93	21.32	24.28	10.12
EBITA, 5 Yr. CAGR %	14.46	11.63	18.96	21.8	3.49
EBIT, 5 Yr. CAGR %	13.95	11.31	18.33	21	2.36
Earnings From Cont. Operations, 5 Yr. CAGR %	12.83	10.61	17.76	18.94	3.68
Net Income, 5 Yr. CAGR %	12.83	10.61	17.76	18.94	3.68
Normalized Net Income, 5 Yr. CAGR %	12.83	10.61	17.76	18.94	3.68
Diluted EPS Before Extra, 5 Yr. CAGR %	-31.57	-27.23	-16.49	-17.81	-11.65
Accounts Receivable, 5 Yr. CAGR %	-	161.66	61.71	77.49	55.93
Inventory, 5 Yr. CAGR %	44.13	71.05	49.5	50.27	22.72
Net Property, Plant and Equip., 5 Yr. CAGR %	-2.22	-1.54	2.18	3.89	3.42
Total Assets, 5 Yr. CAGR %	-1.91	6.08	4.02	15.08	20.27
Tangible Book Value, 5 Yr. CAGR %	1.31	10.07	6.58	17.54	20.75
Common Equity, 5 Yr. CAGR %	0.26	8.64	4.87	16.14	19.48
Cash From Operations, 5 Yr. CAGR %	8.64	9.58	19.6	18.29	11.87
Capital Expenditures, 5 Yr. CAGR %	13.09	31.58	277.22	79.19	1.9
Levered Free Cash Flow, 5 Yr. CAGR %	9.88	11.24	37.08	143.77	6.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	10.92	12.01	38.11	130.98	6.82