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EcoUp (ECOUP) investor relations material
EcoUp Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 5.3% YoY, but EBITDA fell to near break-even and EBIT loss widened; 9M revenue declined 7.9% and profitability weakened.
Export growth and improved production supported operations, while Sweden’s weak volumes and profitability weighed on Q3 results.
Financial highlights
Q3 revenue was €7.075m vs €6.716m, up 5.3% YoY; EBITDA was €0.014m vs €0.638m.
Q3 EBIT was -€0.878m vs -€0.261m; period result was -€0.965m vs -€0.368m.
9M revenue was €18.422m vs €20.010m, down 7.9%; excluding the effect of business acquisitions, revenue grew 2.1%.
9M EBITDA was -€0.861m vs -€0.087m; EBIT was -€3.561m vs -€2.860m.
Outlook and guidance
Updated 14 Oct 2026 guidance: FY2026 revenue expected to be broadly level with or below FY2025, with EBITDA below FY2025.
Insulation targets for 2028: revenue above €40m and EBITDA margin above 10%; average annual investment estimated at €1.5m.
Technology business target: positive operating cash flow by end-2026; medium-term aim to bring in co-owners to accelerate development.
Medium-term goal is to resume dividend payments.
- H1 2026 revenue fell 15%, but adjusted growth and Swedish performance improved.ECOUP
Q2 2026 - Q1 2026 saw lower revenue and profit, but order backlog and liquidity improved via share issue.ECOUP
Q1 2026 - 2025 revenue and EBITDA fell sharply, with a net loss and no dividend; 2026 EBITDA to improve.ECOUP
Q4 2025 - Revenue and earnings fell as construction markets stayed weak; medium-term targets withdrawn.ECOUP
Q3 2025 - H1/2025 revenue rose 9%, but losses deepened and guidance was cut amid slow recovery.ECOUP
Q2 2025 - Q3 revenue and profitability improved, but full-year outlook remains cautious amid weak construction.ECOUP
Q3 2024 - Q2 revenue up 6%, H1 down 10%; 2024 EBITDA expected above €2.0M.ECOUP
Q2 2024 - Revenue up 27% year-over-year, but losses widened as EcoUp invests for future growth.ECOUP
Q1 2025 - Revenue and EBITDA rose in 2024, with export growth and no dividend proposed.ECOUP
Q4 2024
Next EcoUp earnings date
Next EcoUp earnings date
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