THIS PRESENTATION may contain forward looking statements. These statements are based on current expectations, estimates and projections of Envipco's management and information currently available to the company. Envipco cautions that such statements contain elements of risk and uncertainties that are difficult to predict and that could cause actual performance and position to differ materially from these statements. Envipco disclaims any obligation to update or revise any statements made in this presentation to reflect subsequent events or circumstances, except as required by law. Certain figures in this presentation, including financial data, have been rounded. Accordingly, figures shown for the same category presented in different tables may vary slightly and figures shown as totals in certain tables may not be an exact arithmetic aggregation of the figures which precede them. In addition to regular Risk and Uncertainties as detailed in previous published guidance, Covid-19 impact has been reflected in reduced RVM sales in both Europe and the US through 2020 with some continued influence in 2021.
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Presenting team
Simon Bolton
Derk Visser
Robert Lincoln
CEO
Group CFO
President, COO
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Highlights
Q1 - 2021
Solid continued recovery with group revenues growing +7% to €8.3m, +17% currency adjusted.
Gross profit improvement to 37% from 35% in Q1 2020
Significant other income of €3.4m relates to DPG IP litigation settlement and PPP loan forgiveness
Operating profit improvement to €2.7m from a loss of €(1.3m) in Q1 2020; excluding other income loss Q1 2021 improved to €(0.7m)
EBITDA improved to €3.4m from a negative EBITDA of €(0.4)m in 2020
Continued strengthening of financial capacity with successful share issue of €8.1m and listing on Oslo Euronext Growth market and 2nd PPP loan €1.6m received in March 2021
Strong overall RVM sales growth of +217% to €2.7m driven by North America, Sweden and renewed sales in Australia
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Note / Source: Australia included in North America/ROW revenue
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Envipco Holding NV published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 16:33:08 UTC.
Envipco Holding N.V. specializes in developing, manufacturing, and selling automated systems for reusing empty beverage containers. The group's activity is organized primarily around 3 areas of activity:
- sales of automated container collection and sorting systems;
- plastic container transformation and recycling services. Envipco Holding N.V. also handles the resale of the derived product, primarily to the packaging industries;
- maintenance and technical support services.
Net sales break down by source of income into sales of services (43.8%), sales of products (40.5%), and leasing of products (15.7%).
Net sales are distributed geographically as follows: Europe (32.1%) and North America (67.9%).