New Risk • May 23
New major risk - Revenue and earnings growth Earnings have declined by 6.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Shares are highly illiquid. Earnings have declined by 6.9% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (€46.3m market cap, or US$53.7m). Board Change • May 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Apr 28
ABO-Group Environment NV, Annual General Meeting, May 27, 2026 ABO-Group Environment NV, Annual General Meeting, May 27, 2026, at 17:00 Romance Standard Time. Board Change • Apr 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: €0.074 (vs €0.18 in FY 2024) Full year 2025 results: EPS: €0.074 (down from €0.18 in FY 2024). Revenue: €110.5m (up 15% from FY 2024). Net income: €664.0k (down 65% from FY 2024). Profit margin: 0.6% (down from 2.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Commercial Services industry in the United Kingdom. New Risk • Mar 29
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 1.1% per year over the past 5 years. Minor Risks High level of debt (91% net debt to equity). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€46.5m market cap, or US$53.5m). Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €4.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 8.0% over the past year. Board Change • Mar 23
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 20
ABO-Group Environment NV Maintains Revenue Guidance for the Year 2025 ABO-Group Environment NV maintained revenue guidance for the year 2025. For the year, the group is maintaining its 2025 revenue target of between €105 million and €110 million. Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Aug 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €5.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Commercial Services industry in the United Kingdom. Total returns to shareholders of 15% over the past three years. Announcement • Apr 29
ABO-Group Environment NV, Annual General Meeting, May 28, 2025 ABO-Group Environment NV, Annual General Meeting, May 28, 2025, at 17:00 Romance Standard Time. Reported Earnings • Mar 28
First half 2024 earnings released: EPS: €0.05 (vs €0.063 in 1H 2023) First half 2024 results: EPS: €0.05 (down from €0.063 in 1H 2023). Revenue: €45.6m (up 14% from 1H 2023). Net income: €460.0k (down 31% from 1H 2023). Profit margin: 1.0% (down from 1.7% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Commercial Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €5.15, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Commercial Services industry in the United Kingdom. Total loss to shareholders of 2.6% over the past three years. Board Change • Mar 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jan 24
ABO-Group Environment NV Announces CFO Changes Els De Keukelaere will strengthen the management team at ABO-Group Environment NV as the new CFO. She will take over the responsibilities of the current CFO Floris Pelgrims, who decided to take on a new challenge. Board Change • Jan 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Sep 25
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 20
ABO-Group Environment NV (ENXTBR:ABO) acquired 70% stake in Eco Reest B.v. ABO-Group Environment NV (ENXTBR:ABO) acquired 70% stake in Eco Reest B.v. on September 19, 2024. As a result, ABO's team of environmental experts and ecologists in the Netherlands grows from 30 to 80 employees. This integration strengthens ABO-Group's geographical coverage in the Netherlands and makes it one of the largest players in the field of ecology in the Dutch market. In 2023, Eco Reest achieved a turnover of €4.5 million.
ABO-Group Environment NV (ENXTBR:ABO) completed the acquisition of 70% stake in Eco Reest B.v. on September 19, 2024. Announcement • Aug 21
ABO-Group Environment NV (ENXTBR:ABO) acquired Infrabureau Demey Bv from Filip Demey and Ellen Vanhoutte. ABO-Group Environment NV (ENXTBR:ABO) acquired Infrabureau Demey Bv from Filip Demey and Ellen Vanhoutte on August 20, 2024. Filip Demey will remain the managing director.
ABO-Group Environment NV (ENXTBR:ABO) completed the acquisition of Infrabureau Demey Bv from Filip Demey and Ellen Vanhoutte on August 20, 2024. Board Change • Jul 15
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Aug 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jul 06
ABO-Group Environment NV (ENXTBR:ABO) acquired Rimeco NV. ABO-Group Environment NV (ENXTBR:ABO) acquired Rimeco NV on July 5, 2023. ABO-Group Environment NV (ENXTBR:ABO) completed the acquisition of Rimeco NV on July 5, 2023. Announcement • Jul 01
ABO-Group Environment NV (ENXTBR:ABO) acquired 70% stake in Meet Het Bv. ABO-Group Environment NV (ENXTBR:ABO) acquired 70% stake in Meet Het Bv on June 29, 2023. The current founders, Bram Van Londersele, Jonas Van Hooreweghe and Jonas Van Dosselaer, will remain shareholders and lead the future growth of Meet Het.
ABO-Group Environment NV (ENXTBR:ABO) completed the acquisition of 70% stake in Meet Het Bv on June 29, 2023. Board Change • Jun 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Feb 17
ABO-Group Environment NV (ENXTBR:ABO) completed the acquisition of Société d'Etudes et de Gestion de l'Environnement et de Déchets. ABO-Group Environment NV (ENXTBR:ABO) signed a letter of intent to acquire Société d'Etudes et de Gestion de l'Environnement et de Déchets on April 14, 2021. The transaction is subject to completion of due diligence. The transaction is expected to complete in second quarter of 2021. Société d'Etudes et de Gestion de l'Environnement et de Déchets recorded turnover of €2.6 million in 2022.
ABO-Group Environment NV (ENXTBR:ABO) completed the acquisition of Société d'Etudes et de Gestion de l'Environnement et de Déchets on February 15, 2023. Board Change • Jan 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Oct 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 17
ABO-Group Environment NV to Report Fiscal Year 2022 Results on Mar 30, 2023 ABO-Group Environment NV announced that they will report fiscal year 2022 results on Mar 30, 2023 Board Change • Aug 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Katleen De Stobbeleir was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.