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Netherlands' Envipco Q3 revenue rises on US and Europe growth

By Reuters News


Overview

  • Netherlands RVM technology firm's Q3 revenue rose 18% yr/yr on stronger US and Europe sales

  • Gross margin for Q3 was 33.1%, reflecting investments in service teams and underutilized assembly

  • EBITDA remained negative at EUR -0.6 mln for the quarter


Outlook

  • Envipco expects US operations to remain stable with some growth in RVM sales

  • Company sees European market expansion as new DRS systems launch, potentially tripling addressable market

  • Envipco expects EUR 3 mln restructuring charge in Q4 26, targeting EUR 4 mln savings in 2027


Result Drivers

  • US RVM SALES - Higher sales of reverse vending machines in North America drove revenue growth

  • EUROPEAN PROGRAM SERVICES - Growth in program service revenues in Europe contributed to overall revenue increase

  • SERVICE TEAM INVESTMENTS - Gross margin continued to reflect investments in service teams and underutilization in assembly operations


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

EUR 26.50 mln

Q3 Gross Margin

33.10%

Q3 EBITDA

-EUR 600,000


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 64.6% above its November 10 closing price of €3.95

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • Nov 10 - Netherlands' TKH Group Q3 turnover rises on growth in automation and electrification segments, reiterates 2026 outlook

  • Nov 9 - Elmet Group Q3 revenue jumps 56% on aerospace demand

  • Nov 9 - EVI Industries Q1 revenue rises to record high


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.)

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