Envipco targets significant growth in European recycling, aims to triple revenue

Envipco Holding N.V. is hosting its first capital markets update today, highlighting an "unprecedented market opportunity" in European recycling. The company plans to triple revenue from 2021 to 2024 and aims to capture at least a 30% market share of the estimated €4 billion total market opportunity for new reverse vending machines (RVMs) over the next five-plus years. This growth is driven by firmer regulations, such as the EU's Packaging and Packaging Waste Regulations, which are expected to generate demand for approximately 200,000 new RVMs.

Envipco's financial targets include a 40% gross margin and a 20% EBITDA margin, achieved through increased scale, operational leverage, and controlled organizational expansion. The company has already demonstrated its ability to capture new markets, securing a 60% market share in Hungary and 35% in Romania since DRS live dates in January and November 2024, respectively.

The capital markets update, featuring presentations from chief executive Simon Bolton and other key executives, will be webcast live and subsequently published on Envipco’s investor relations website. This event underscores Envipco's strong market position and readiness to capitalize on upcoming DRS introductions across Europe.