Envipco falls as lower sales in Europe and North America hit Q1 results

Envipco Holding NV

20/05/2026 09:24

** Dutch recycling machine maker Envipco ENVI.AS falls 4% after Q1 results showed lower sales in Europe and North America, with revenue falling 6% and missing consensus by 27%

** Stifel analysts say the shortfall was driven by lower sales in existing European and North American markets, compounded by a higher share of installations under throughput models and postponed deliveries

** Q1 EBITDA was a loss of €2.1 million ($2.4 million); that was well below the €0.5 million profit consensus was expecting due to operating deleverage, Stifel says

** Gross margin also contracted 3.2 percentage points y/y to 34.1% due to lower capacity utilisation in assembly operations

** Including Wednesday's fall, the stock has dropped nearly 17% YTD

($1 = 0.8626 euros)

(Reporting by Jerome Terroy)

((jerome.terroy@thomsonreuters.com))