Netherlands' Envipco Q2 revenue rises 13%, gross margin falls

Envipco Holding NV

12/08/2026 06:12

Overview
Netherlands recycling systems provider's Q2 revenue rose 13% yr/yr, driven by higher Europe sales
Gross margin declined to 32.2% from 36.6%, reflecting service team investments and assembly underutilization
EBITDA for Q2 was EUR -1.7 mln, down from EUR 0.4 mln in Q2 25

Outlook
Company expects market tailwinds as DRS is mandated across the EU and other regions
Envipco sees robust opportunities in Poland, Portugal, Romania, the Netherlands, Greece, and the UK
Company expects US operations to remain stable, with some growth in RVM sales

Result Drivers
EUROPEAN RVM SALES - Co said Q2 revenue growth was driven by higher sales of reverse vending machines in Europe
SERVICE TEAM INVESTMENTS - Co said gross margin decline reflected further additions in the service organization
ASSEMBLY UNDERUTILIZATION - Co said gross margin decline was also due to underutilization of assembly operations

Company press release: ID:nMFN7YQfS7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 26.10 mln
 
Q2 Gross Margin
 
32.20%
 
Q2 EBITDA
 
-EUR 1.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Envipco Holding NV is €6.50, about 56.6% above its August 11 closing price of €4.15

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)