Envipco Posts 18% Revenue Growth as UK Reverse Vending Orders Build

Envipco Holding N.V. reported third-quarter revenue of EUR 26.5 million, up 18% year over year, on stronger reverse vending machine sales in North America and growth in European program services, the company said on Nov. 11. Reverse vending machine revenue rose 17% to EUR 15.3 million, while program service revenue hit a record EUR 11.2 million, up 19%. North America delivered record revenue of EUR 11.3 million, up 37%. Europe grew 7% to EUR 15.2 million, with recurring program revenue up 91% to EUR 3.4 million. Gross margin was 33.1%, down from 35.0% a year earlier but up from 32.2% in the second quarter, reflecting underutilized assembly capacity and the cost of building service organizations in new markets. EBITDA was EUR -0.6 million and operating profit EUR -3.1 million. "We remain committed to our communicated strategy. We are strengthening our execution and creating a more agile and responsive organization to convert opportunities into profitable growth," said CEO José Matthijsse. The company expects a EUR 3 million restructuring charge in the fourth quarter, driving EUR 4 million of savings in 2027. The commercial pipeline leans heavily on the UK, where Envipco has secured 7,100 committed machine orders ahead of the deposit return scheme's scheduled Oct. 1, 2027 launch, plus an exclusive supplier deal announced Oct. 28 covering roughly 1,700 Compact, Flex, Optima and Magna machines for a major UK retailer starting in the first quarter of 2027. The company also entered an RVM asset financing agreement in November providing EUR 8 million in liquidity. For operators, mounting deposit return scheme mandates across Europe mean a multiyear equipment and service buildout. Envipco said new European schemes could triple its addressable market. Source: MFN by Modular Finance (TradingView) — https://www.tradingview.com/news/modular_finance:0edb6c43a95de:0-envipco-q3-26-rising-sales-growth-and-record-customer-awards/