Envipco shares drop as Q2 gross margin decline disappoints

Envipco Holding NV

12/08/2026 09:27

** Shares in Envipco  ENVI.AS fall 11%, on track for their worst day since April 2025, after the Dutch recycling machine maker reported a lower Q2 gross margin
** Quarterly gross margin declined to 32.2% from 36.6% a year ago and 34.1% in Q1 2026, reflecting service team investments and assembly underutilization, the company says
** "People expected the rebound in gross margins for Q2, and it went down sequentially," Pareto Securities analyst Fabian Jorgensen says
** Soft cash flow is another reason for the share fall, Jorgensen adds, with Q2 cash flow from operating activities at negative €17 million ($20 million)
($1 = 0.8669 euros)

(Reporting by Margaux Perrin in Gdansk)
((Margaux.Perrin@thomsonreuters.com ))