Company Overview and Mission - Envipco's mission is to make recycling easier for everyone[5] and create a cleaner world for future generations[6] - The company automates and provides services for Deposit Return Schemes (DRS), offering Reverse Vending Machine (RVM) solutions[13] - Envipco has a global supply chain with regional production, with a RVM production capacity of >30,000 per year[18] Market Opportunity and Growth - The company estimates a €4 billion market opportunity for RVM solutions[25] - Envipco is targeting +30% market share in greenfield markets, ~40% gross margin, and +20% EBITDA margin[29] - The company's revenues grew 30% to €114 million in 2024[14] DRS and Collection Targets - Deposit Return Schemes (DRS) are highlighted as the most effective solution for securing high collection rates, with 87% collection rates in DRS markets compared to 49% in other markets[11] - The EU Packaging and Packaging Waste Regulation (PPWR) mandates a 90% collection rate for plastic bottles and cans using DRS by January 1, 2029[64] - The UK DRS is set to launch on October 1, 2027, targeting a 90% collection rate by the end of 2030[75] Financial Performance and Targets - Envipco is targeting a 40% gross margin through continued design improvement, supply chain management, and volume/scale in production[183] - The company aims to drive EBITDA margins towards +20% through revenue growth, gross margin improvements, and high operational leverage[189] - In LTM Q2 2025, the company's revenue reached €104 million[177]