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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

EcoUp

1.06 EUR+0.47 %31.7, 17.29
1,774 following

ECOUP

First North Finland

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
+0.47 %
-2.75 %
+6.00 %
-22.63 %
-28.38 %
-34.97 %
-62.54 %
-
-84.92 %

EcoUp operates in the manufacturing industry. The company offers technology for converting construction and demolition waste into reusable geopolymers. Customers are found in several industries such as the construction industry. In addition to the main business, after-sales service, support and maintenance are offered. The largest presence is found in Europe. EcoUp was founded in 1979 and is headquartered in Finland.

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Market cap
11.81M EUR
Turnover
1.06K EUR
P/E (adj.) (26e)
-5.86
EV/EBIT (adj.) (26e)
-8.67
P/B (26e)
0.8
EV/S (26e)
0.48
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.20 EUR
Updated
22.07.2026
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 22.07.2026

Latest extensive report

Released: 22.07.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Forum discussions
There is a press release available here: EcoUp ja Consolis Parma ovat solmineet sopimukset jauhetun masuunikuonan toimittamisesta ja kehitysyhteistyöstä vähähiilisten vaihtoehtoisten sideaineiden osalta
7/21/2026, 11:22 AM
by MoneyWalker
5
Inderes EcoUp laaja raportti: Käänne odottaa markkinalta lähtölaukausta - Inderes Vuoteen 2028 tähtäävässä strategiassa EcoUp tavoittelee merkittävää käännettä Eristeliiketoiminnassa. Attached is the extensive report on EcoUp, which is available for everyone to read. In the longer...
7/22/2026, 11:29 AM
by Tommi_Saarinen
4
Here are Tommi’s comments on EcoUp’s recent agreement. EcoUp has signed a commercial agreement with Parma, part of the Consolis Group, for the supply of ground blast furnace slag and has initiated development cooperation between the companies regarding low-carbon binders. Deliveries...
7/22/2026, 5:22 AM
by Sijoittaja-alokas
3
Here is a company report on EcoUp from Tommi following Q1 EcoUp’s Q1’26 report fell short of our expectations as profitability lagged behind our forecast, pressured by low production volumes, production issues, and high electricity prices. The company appears to have largely resolved...
4/29/2026, 7:01 AM
by Sijoittaja-alokas
2
Is this the same thing that Betolar does? As I recall, Betolar deals in blast furnace slag.
7/28/2026, 5:12 PM
by ooskari
1
Hyperion advertises that it relies on materials such as clay and limestone in England, based on a recipe they developed themselves, so it is quite possible that the demo in Finland was carried out using the same mass.
7/30/2026, 7:07 AM
0
The scenario could be that Consolis Parma is now supplying Hyperion with a raw material based on blast furnace slag. The recipe for this material originates from either Betolar or Ecoup. It is also possible that CP has developed the solution used in-house, which would be a particularly...
7/29/2026, 5:05 AM
0
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
19.8
2026

Interim report Q2'26

28.10
2026

Business review Q3'26

EcoUp omfattende analyse: Et vendepunkt afventer startskuddet fra markedet
Extensive research22.07.2026, 08.11 by
Tommi Saarinen

EcoUp omfattende analyse: Et vendepunkt afventer startskuddet fra markedet

I sin strategi, der strækker sig frem til 2028, sigter EcoUp mod et betydeligt vendepunkt inden for isoleringsforretningen.

EcoUp
EcoUp Q1'26 preview: Nye usikkerhedsfaktorer i markedets vendepunkt
Research21.04.2026, 08.03 by
Tommi Saarinen

EcoUp Q1'26 preview: Nye usikkerhedsfaktorer i markedets vendepunkt

Vi forventer, at selskabets omsætning er faldet år-til-år som følge af omstruktureringer, men at EBITDA er forbedret på grund af en lettere omkostningsstruktur.

EcoUp
Analyst Comment25.03.2026, 06.47 by
Atte Jortikka, Tommi Saarinen, Frans-Mikael Rostedt

Forventningerne til boligbyggeriet er tydeligt nedjusteret i byggebranchens konjunkturrapport

I gennemgangen blev estimaterne for påbegyndelse af boligbyggeri for indeværende år reduceret betydeligt.

SRV GroupYITKreate GroupGRK InfraConstiTekovaEcoUpHonkarakenneLapWallToivo Group

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EcoUp H2'25: Forventningen om et turnaround fortsætter
Research27.02.2026, 08.16 by
Tommi Saarinen

EcoUp H2'25: Forventningen om et turnaround fortsætter

EcoUps regnskabsmeddelelse var samlet set en smule mere afdæmpet end vores allerede lave forventninger.

EcoUp
EcoUp H2'25 preview: Regnskabsåret ser ud til at have været magert
Analyst Comment23.02.2026, 06.44 by
Tommi Saarinen

EcoUp H2'25 preview: Regnskabsåret ser ud til at have været magert

Vi estimerer, at omsætningen i 2. halvår er faldet med 14 procent, men vi forventer, at guidance for 2026 vil vende udviklingen til vækst.

EcoUp
EcoUp indgår partnerskab med en aktør inden for betonindustrien for at fremskynde kommercialiseringen af selskabets teknologi
Analyst Comment04.02.2026, 08.24 by
Tommi Saarinen

EcoUp indgår partnerskab med en aktør inden for betonindustrien for at fremskynde kommercialiseringen af selskabets teknologi

Vi vurderer, at samarbejdet vil fokusere på at demonstrere fordelene ved EcoUps teknologi.

EcoUp
Markedsoversigt: Den finske byggebranche fra boom til depression (2021–2025)
Analyst Comment03.02.2026, 08.19 by
Tommi Saarinen

Markedsoversigt: Den finske byggebranche fra boom til depression (2021–2025)

I denne analyse gennemgår vi udviklingen på det finske byggemarked i lyset af de data, som Statistikcentralen har meddelt.

LapWallEcoUp
EcoUp: Aktieemission og langsommere turnaround i estimaterne
Research23.01.2026, 06.30 by
Tommi Saarinen

EcoUp: Aktieemission og langsommere turnaround i estimaterne

Vores forventninger til hastigheden af lønsomhed turn-around faldt markant.

EcoUp
EcoUps rettede emission blev gennemført som planlagt
Analyst Comment15.01.2026, 08.04 by
Tommi Saarinen

EcoUps rettede emission blev gennemført som planlagt

Bruttoprovenuet på 3 MEUR blev rejst gennem en rettet aktieemission.

EcoUp
Extensive research14.05.2025, 12.33 by
Tommi Saarinen, Antti Viljakainen

EcoUp extensive report: Insulation demand prospects are on an upward trajectory

EcoUp consists of Insulation and Technology businesses that operate in the construction value chain. In the short term, the market turnaround in detached house construction will accelerate the growth of the Insulation business, and in the long term, both businesses will be supported by the trends of circular economy and sustainable construction. The improved margin in the coming years makes the risk-return ratio attractive for the next year, even though the share is neutrally valued in the short term.

EcoUp
Analyst Comment21.03.2024, 08.46 by
Antti Viljakainen

RT’s economic review does not yet indicate a turn in the market situation of construction product companies

In light of RT’s forecasts, the short-term estimates for construction product companies, i.e. LapWall and EcoUp, still involve downward risks despite recent estimate cuts.

LapWallEcoUp