Board Change • Jun 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Charlotta Gylche was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 21
First quarter 2026 earnings released: €0.068 loss per share (vs €0.041 loss in 1Q 2025) First quarter 2026 results: €0.068 loss per share (further deteriorated from €0.041 loss in 1Q 2025). Revenue: €19.7m (down 6.0% from 1Q 2025). Net loss: €4.50m (loss widened 88% from 1Q 2025). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: €0.18 loss per share (further deteriorated from €0.053 loss in FY 2024). Revenue: €90.4m (down 21% from FY 2024). Net loss: €10.8m (loss widened 263% from FY 2024). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 20
Non-Executive Chairman of the Board recently bought kr3.6m worth of stock On the 19th of January, Gregory Garvey bought around 70k shares on-market at roughly kr51.65 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Announcement • Jan 14
Envipco Holding N.V. Announces Leaving of Simon Bolton as CEO, Effective April 30, 2026 Envipco Holding N.V. announced that CEO Simon Bolton will be leaving the company effective April 30, 2026. Simon Bolton has led Envipco over the past six years, successfully establishing the company as a key player in the developing European DRS markets. Simon Bolton will work closely during this transition process with both the management team and the Board of Directors. Reported Earnings • Nov 14
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: €0.07 loss per share (further deteriorated from €0.009 loss in 3Q 2024). Revenue: €22.5m (down 18% from 3Q 2024). Net loss: €4.03m (loss widened €3.51m from 3Q 2024). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Nov 10
Envipco Holding N.V. to Report Q3, 2025 Results on Nov 12, 2025 Envipco Holding N.V. announced that they will report Q3, 2025 results at 7:00 AM, Central European Standard Time on Nov 12, 2025 Reported Earnings • Aug 14
Second quarter 2025 earnings released: €0.04 loss per share (vs €0.009 loss in 2Q 2024) Second quarter 2025 results: €0.04 loss per share (further deteriorated from €0.009 loss in 2Q 2024). Revenue: €23.1m (down 13% from 2Q 2024). Net loss: €2.52m (loss widened 374% from 2Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jul 04
Non-Executive Director & Advisor recently sold kr4.3m worth of stock On the 2nd of July, Erik Thorsen sold around 50k shares on-market at roughly kr85.16 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 15
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: €0.041 loss per share (down from €0.003 profit in 1Q 2024). Revenue: €21.0m (down 24% from 1Q 2024). Net loss: €2.39m (down €2.54m from profit in 1Q 2024). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 23
Full year 2024 earnings released: €0.011 loss per share (vs €0.012 profit in FY 2023) Full year 2024 results: €0.011 loss per share (down from €0.012 profit in FY 2023). Revenue: €117.8m (up 35% from FY 2023). Net loss: €643.0k (down 207% from profit in FY 2023). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to kr59.50. The fair value is estimated to be kr74.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 100% in 2 years. Earnings are forecast to grow by 1,230% in the next 2 years. Announcement • Jan 02
Envipco Holding N.V., Annual General Meeting, Jun 25, 2025 Envipco Holding N.V., Annual General Meeting, Jun 25, 2025. Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Charlotta Gylche was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 24
Envipco Holding N.V. Approves Board Appointments Envipco Holding N.V. at its Annual General Meeting of Shareholders held on 23 August 2024, approved to appoint Ms. Charlotta Gylche as non-executive member of the Board of Directors and appoint Mr. George Katsaros as non-executive member of the Board of Directors. Announcement • Aug 16
Envipco Holding N.V. (ENXTAM:ENVI) acquired Sensibin Limited for €8 million. Envipco Holding N.V. (ENXTAM:ENVI) acquired Sensibin Limited for €8 million on August 14, 2024. The consideration consists of an initial up-front payment of €1.5 million, a milestone payment on new market wins of €0.5 million and a two year earnout tied to participation in gross profit of up to €6 million. Payment under the agreement based on performance could total €8 million. A purchase price allocation still needs to be performed to determine the fair value of the acquired assets and the associated goodwill component.
Envipco Holding N.V. (ENXTAM:ENVI) completed the acquisition of Sensibin Limited on August 14, 2024. Reported Earnings • Aug 16
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: €0.009 loss per share (improved from €0.035 loss in 2Q 2023). Revenue: €26.6m (up 61% from 2Q 2023). Net loss: €532.0k (loss narrowed 70% from 2Q 2023). Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Reported Earnings • May 23
First quarter 2024 earnings released First quarter 2024 results: Revenue: €27.4m (up 164% from 1Q 2023). Net income: €147.0k (up €2.72m from 1Q 2023). Profit margin: 0.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
Envipco Holding N.V. to Report Q4, 2024 Results on Mar 05, 2025 Envipco Holding N.V. announced that they will report Q4, 2024 results on Mar 05, 2025 Announcement • Mar 13
Envipco Holding N.V. has completed a Follow-on Equity Offering in the amount of NOK 300 million. Envipco Holding N.V. has completed a Follow-on Equity Offering in the amount of NOK 300 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,000,000
Price\Range: NOK 50
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: €0.027 (vs €0.091 loss in FY 2022) Full year 2023 results: EPS: €0.027 (up from €0.091 loss in FY 2022). Revenue: €87.6m (up 55% from FY 2022). Net income: €1.42m (up €5.60m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 44% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Machinery industry in Norway. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Announcement • Jan 02
Envipco Technology Enables Hungary DRS to Go-Live Envipco Holding N.V. announced that it enables the automated and efficient return of empty beverage containers in Hungary as one of only two Reverse Vending Machine (RVM) suppliers to the DRS operator MOL Hulladekgazdalkodasi Zrt (MOHU). To date, Envipco has supplied more than 700 RVMs in Hungary, with an additional potential of 1,600 RVMs in Phase 1 and a potential for additional 2,000 machines in Phase 2 expected to be delivered in the next 12-24 months. The Hungary DRS encompasses dispensable and reusable plastic- and glass bottles and aluminum cans up to 3 liters. The deposit for disposable containers is HUF 50 (EUR 0.13). The aim of the DRS is to meet strict EU targets on plastics recovery, recycled content in beverage containers and reduce litter and minimize environmental impact. Under the new law return of empty beverage containers will be compulsory for grocery stores with sales area exceeding 400m2. The DRS operator MOHU procures all RVMs for deployment across the country and has selected Envipco as one of two RVM suppliers. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: €0.033 (vs €0.011 loss in 3Q 2022) Third quarter 2023 results: EPS: €0.033 (up from €0.011 loss in 3Q 2022). Revenue: €25.3m (up 45% from 3Q 2022). Net income: €1.69m (up €2.20m from 3Q 2022). Profit margin: 6.7% (up from net loss in 3Q 2022). Announcement • Oct 06
Envipco Holding Announces CFO Changes Envipco announces that Derk Visser, Group CFO will be leaving the company by mutual agreement. Theo Kamperman, who joined as Interim CFO will continue to lead the Finance function, reporting to CEO Simon Bolton, as develop this function to support growth journey ahead. Recent Insider Transactions • Sep 14
CEO & Executive Director recently bought kr344k worth of stock On the 11th of September, Simon Bolton bought around 12k shares on-market at roughly kr28.63 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Simon's only on-market trade for the last 12 months. Announcement • Aug 26
Envipco Holding N.V. Provides Revenue Guidance for Second Half of 2023 Envipco Holding N.V. a provided revenue guidance for second half of 2023. The company reported that from contract signings in new European markets, the company expects strong revenue growth and improved financial performance in H2’23. New Risk • Aug 08
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 21% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Aug 06
First quarter 2023 earnings released: €0.056 loss per share (vs €0.029 loss in 1Q 2022) First quarter 2023 results: €0.056 loss per share (further deteriorated from €0.029 loss in 1Q 2022). Revenue: €10.4m (flat on 1Q 2022). Net loss: €2.57m (loss widened 94% from 1Q 2022). New Risk • Jul 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 8.6% per year over the past 5 years. Reported Earnings • Jul 03
Full year 2022 earnings released: €0.091 loss per share (vs €0.013 profit in FY 2021) Full year 2022 results: €0.091 loss per share (down from €0.013 profit in FY 2021). Revenue: €56.4m (up 47% from FY 2021). Net loss: €4.18m (down €4.77m from profit in FY 2021). Announcement • Jun 28
Envipco Holding N.V., Annual General Meeting, Aug 15, 2023 Envipco Holding N.V., Annual General Meeting, Aug 15, 2023, at 10:00 Central European Standard Time. Board Change • Jun 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Anne Aas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2022 earnings released: €0.094 loss per share (vs €0.013 profit in FY 2021) Full year 2022 results: €0.094 loss per share (down from €0.013 profit in FY 2021). Revenue: €56.0m (up 46% from FY 2021). Net loss: €4.31m (down €4.90m from profit in FY 2021). Announcement • Feb 17
Envipco Holding N.V. to Report Q4, 2022 Results on Feb 23, 2023 Envipco Holding N.V. announced that they will report Q4, 2022 results at 7:00 AM, Central European Standard Time on Feb 23, 2023 Recent Insider Transactions • Dec 02
Non-Executive Chairman of the Board recently bought kr752k worth of stock On the 30th of November, Gregory Garvey bought around 25k shares on-market at roughly kr30.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Reported Earnings • Nov 25
Third quarter 2022 earnings released: €0.011 loss per share (vs €0.009 loss in 3Q 2021) Third quarter 2022 results: €0.011 loss per share (further deteriorated from €0.009 loss in 3Q 2021). Revenue: €17.5m (up 83% from 3Q 2021). Net loss: €502.0k (loss widened 18% from 3Q 2021). Revenue is forecast to grow 54% p.a. on average during the next 2 years, compared to a 26% growth forecast for the Machinery industry in Norway. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Non-Executive Director Anne Aas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 28
Second quarter 2022 earnings released: €0.01 loss per share (vs €0.002 loss in 2Q 2021) Second quarter 2022 results: €0.01 loss per share (down from €0.002 loss in 2Q 2021). Revenue: €16.6m (up 102% from 2Q 2021). Net loss: €450.0k (loss widened 359% from 2Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 78% growth forecast for the Machinery industry in Norway. Board Change • Aug 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Anne Aas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Anne Aas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 26
First quarter 2022 earnings released: €0.029 loss per share (vs €0.046 profit in 1Q 2021) First quarter 2022 results: €0.029 loss per share (down from €0.046 profit in 1Q 2021). Revenue: €10.4m (up 25% from 1Q 2021). Net loss: €1.32m (down 165% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 32%, compared to a 73% growth forecast for the industry in Norway. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 18% share price decline to kr23.30, the stock trades at a trailing P/E ratio of 79.2x. Average forward P/E is 13x in the Machinery industry in Norway. Total returns to shareholders of 17% over the past year. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Vice Chairman Dick Stalenhoef was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: €0.016 (up from €0.042 loss in FY 2020). Revenue: €38.4m (up 25% from FY 2020). Net income: €721.0k (up €2.44m from FY 2020). Profit margin: 1.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 40%, compared to a 75% growth forecast for the industry in Norway. Recent Insider Transactions • Nov 25
Chairman of the Board recently sold kr6.4m worth of stock On the 22nd of November, Gregory Garvey sold around 200k shares on-market at roughly kr32.04 per share. This was the largest sale by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Reported Earnings • Nov 18
Third quarter 2021 earnings released: €0.009 loss per share (vs €0.03 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €9.53m (up 4.1% from 3Q 2020). Net loss: €424.0k (down 131% from profit in 3Q 2020). Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 40% share price gain to kr33.50, the stock trades at a trailing P/E ratio of 43.4x. Average trailing P/E is 9x in the Machinery industry in Norway. Recent Insider Transactions • Sep 08
President & COO recently bought kr15m worth of stock On the 30th of August, Robert Lincoln bought around 700k shares on-market at roughly kr20.95 per share. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment improved over the past week After last week's 21% share price gain to kr28.00, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 25x in the Machinery industry in Europe. Reported Earnings • Aug 29
Second quarter 2021 earnings released: €0.002 loss per share (vs €0.03 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €8.21m (up 41% from 2Q 2020). Net loss: €98.0k (loss narrowed 93% from 2Q 2020). Reported Earnings • Jun 02
First quarter 2021 earnings released: EPS €0.46 (vs €0.40 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €8.34m (up 6.9% from 1Q 2020). Net income: €2.03m (up €3.67m from 1Q 2020). Profit margin: 24% (up from net loss in 1Q 2020). The move to profitability was primarily driven by lower expenses.