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EcoUp (ECOUP) investor relations material
EcoUp Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 2026 revenue was €11.3M, down 15% year-over-year; excluding divestments, revenue grew 0.2%.
Q2 2026 revenue was €5.7M, down 11% year-over-year; excluding business divestments, revenue grew 5%.
EBITDA for H1 2026 was -€0.9M; Q2 2026 EBITDA was -€0.2M, slightly improved from Q2 2025.
Swedish operations showed clear revenue and profitability improvement.
Net cash flow from operations improved to -€2.5M from -€3.1M year-over-year.
Financial highlights
Q2 2026 revenue: €5.7M (Q2 2025: €6.4M), down 11%; adjusted for divestitures, revenue grew 5.1%.
H1 2026 revenue: €11.3M (H1 2025: €13.3M), down 15%.
Q2 2026 EBITDA: -€0.2M (Q2 2025: -€0.1M); H1 2026 EBITDA: -€0.9M (H1 2025: -€0.7M).
Net investments in H1 2026: €0.6M, with €0.2M in technology business.
Cash and cash equivalents at period end were €1.6M; net debt was €5.3M.
Outlook and guidance
2026 revenue expected to be flat versus 2025; EBITDA projected to grow compared to 2025.
Medium-term targets (2026–2028): insulation business revenue to exceed €40M and EBITDA margin above 10% by 2028.
Technology business aims for positive operating cash flow by end of 2026.
Dividend payments targeted to resume in the medium term.
- 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Q4 2025 - Revenue and earnings fell as construction markets stayed weak; medium-term targets withdrawn.ECOUP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
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