Netherlands' Envipco Q1 revenue falls 6% on mixed European performance

Envipco Holding NV

20/05/2026 06:08

Overview

Netherlands recycling systems provider's Q1 revenue fell 6% yr/yr on mixed European performance

Gross margin improved sequentially but remained below prior year due to underutilization and service investments

Company reported negative EBITDA and operating profit, with commercial breakthrough in the UK

Outlook

Envipco expects to build momentum in Poland and Portugal in 2026

Company sees robust activity in Romania, steady commercial activity in Hungary, and strong sales momentum in the Netherlands

Envipco anticipates commercial opportunities in Greece from summer 2026 as DRS tenders progress

Result Drivers

EUROPEAN RVM SALES - Lower European RVM sales led to a 12% decline in RVM revenues, contributing to overall revenue decrease

SERVICE INVESTMENTS - Gross margin remained below prior year due to underutilization in assembly operations and investments in service teams

COMMERCIAL ACTIVITY - Strong commercial activity with several new wins, including first commercial breakthrough in the UK, drove inventory and team build

Company press release: ID:nMFN16VCVS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 19.70 mln
Q1 Gross Margin
34.10%
Q1 EBITDA
-EUR 2.10 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 38.6% above its May 19 closing price of €4.69

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

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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.)