Netherlands' Envipco Q4 revenue falls on lower European RVM sales

Envipco Holding NV

11/03/2026 06:14

Overview

Netherlands recycling systems provider's Q4 revenue fell 27% yr/yr on lower European RVM sales

Q4 gross margin dropped to 25.1%, reflecting inventory provisions and underutilized assembly operations

Company saw first revenues from Poland and strong bulk-feed sales in Netherlands and Sweden

Outlook

Envipco expects to build momentum in Poland and Portugal as DRS launches progress

Company expects robust activity in Romania, steady commercial activity in Hungary, strong sales in Netherlands

Envipco says European revenue will mainly be new RVM sales, with service revenues to grow as installed base expands

Result Drivers

SLOWER DEPLOYMENTS - Co said slower deployments in several existing European markets led to lower RVM sales and weaker Q4 revenue

INVENTORY PROVISIONS & UNDERUTILIZATION - Gross margin was reduced by inventory provisions on end-of-life products and continued underutilization in assembly operations

POLAND & BULK-FEED SALES - Initial revenues from Poland and strong bulk-feed machine sales in the Netherlands and Sweden partly offset declines

Company press release: ID:nMFN3y2pgc

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 23.80 mln
Q4 Gross Margin
25.10%
Q4 Adjusted Gross Margin
32.30%
Q4 EBITDA
EUR 700,000


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 41.3% above its March 10 closing price of €4.60

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)