Envipco Holding N.V. (ENVHF) Q3 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Envipco Holding N.v..

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.498 Good morning, everyone. My name is Simon Bolton, CEO of Vipco, and 00:00:05.498 -- 00:00:08.823 a warm welcome to Q3 2025 00:00:08.823 -- 00:00:10.625 results presentation. 00:00:10.625 -- 00:00:15.152 I'm joined as ever by Michael Clement, Chief Strategy and IR Officer. 00:00:15.152 -- 00:00:20.158 It gives us pleasure to update you about the business and obviously have the 00:00:20.158 -- 00:00:23.102 normal opportunity to answer 00:00:23.102 -- 00:00:26.407 questions in the Q&A in the chat afterwards. 00:00:26.407 -- 00:00:30.607 I'll go through some introductory pages, and then Michael will be back with the finance, 00:00:30.607 -- 00:00:33.371 and then I will do the outlook. 00:00:34.422 -- 00:00:39.728 Okay, as we've said before, 2025 is very much a transitional 00:00:39.728 -- 00:00:45.054 year for Invipco. As we deliver and satisfy 00:00:45.054 -- 00:00:50.201 customers of the large orders that we won a few years ago, as they're starting to come 00:00:50.201 -- 00:00:55.627 to an end, and we're waiting for and looking forward to new markets 00:00:55.627 -- 00:01:00.814 starting to ramp up. As we've communicated before, the 00:01:00.814 -- 00:01:05.822 startups have been delayed somewhat. And that's now, particularly in Poland, going 00:01:05.822 -- 00:01:07.945 to happen more in 2026 00:01:07.945 -- 00:01:10.489 versus the back end of 2025. 00:01:10.489 -- 00:01:15.696 So something of a slow quarter based on these new DRS delays. 00:01:15.696 -- 00:01:18.681 Overall, then, group revenues are 22.5 00:01:18.681 -- 00:01:22.887 million, which is 18% lower than the year before. 00:01:22.887 -- 00:01:25.582 really based on this slower 00:01:25.582 -- 00:01:30.539 and lower European RVM revenues. 00:01:30.667 -- 00:01:34.632 Beca...