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Envipco Holding (ENVI) investor relations material
Envipco Holding Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 18% YoY to €26.5m, led by North American RVM sales and higher European program services; EBITDA remained negative at €0.6m.
Five U.K. retailer appointments cover ~7,100 RVMs, with a wholesaler preferred-supplier agreement adding potential; reliable delivery is a priority.
Execution, cost discipline, working capital and cash conversion remain priorities as DRS markets develop and secured orders require delivery.
Financial highlights
Q3 revenue was €26.5m versus €22.5m; 9M revenue was €72.4m versus €66.6m.
Q3 gross profit was €8.8m versus €7.9m; operating loss was €3.1m and net loss €4.2m, versus €2.7m and €4.0m, respectively.
9M gross profit was €23.9m versus €24.2m; operating loss was €11.4m versus €6.6m and net loss €12.6m versus €8.7m.
Q3 EBITDA was -€0.6m versus -€0.3m; 9M EBITDA was -€4.4m versus -€0.5m.
Outlook and guidance
Management expects a 2027 ramp-up as DRS opportunities develop; the U.K. DRS remains targeted for October 2027, with estimated potential of ~35,000 RVMs.
Restructuring is expected to cost €3m in Q4 2026 and generate €4m annual savings from 2027.
Long-term ambitions include >30% greenfield market share, ~40% gross margin and >20% EBITDA margin; these are not near-term guidance.
European revenue is expected to rely on new RVM sales during DRS start-up, with service revenue building as the installed base grows; rollout and procurement timing may vary by quarter.
Inventory conversion is expected to improve in Q4, supported by additional throughput financing.
- Q2 2026 revenue up 13% y/y, driven by European growth and UK wins, but margins declined.ENVI
Q2 2026 - Q1 2026 revenue fell 6% to EUR 19.7m, but strong DRS-driven commercial wins boost outlook.ENVI
Q1 2026 - Poised for rapid growth in DRS markets, targeting €4B opportunity with robust financials.ENVI
Investor presentation - Q4 2025 revenue fell 27%, but new DRS markets and cash reserves support future growth.ENVI
Q4 2025 - Rapid growth and market expansion driven by legislative tailwinds and strong financials.ENVI
Company presentation - Regulatory mandates and innovation drive targets of 30%+ share and €4B market growth in DRS.ENVI
CMD 2025 - Q3 revenue up 9% to €27.4m, with margin gains and expansion driven by Europe.ENVI
Q3 2024 - Q2 2024 revenue up 61% to EUR 26.6m, driven by European growth and margin gains.ENVI
Q2 2024 - Record 2024 revenue and margin gains set up further growth as DRS markets expand.ENVI
Q4 2024
Next Envipco Holding earnings date
Next Envipco Holding earnings date
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