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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

0.97 EUR

-4.51 %

1,766 following

ECOUP

First North Finland

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Dividend
Investor consensus
Compare
-4.51 %
-8.97 %
-9.81 %
-34.19 %
-28.91 %
-47.35 %
-68.98 %
-
-86.15 %

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
10.85M EUR
Turnover
187.98 EUR
P/E (adj.) (26e)
-5.49
EV/EBIT (adj.) (26e)
-8.01
P/B (26e)
0.74
EV/S (26e)
0.46
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
1.00 EUR
Updated
28.04.2026
Disclaimer
Tommi Saarinen
Tommi Saarinen

Analyst

Latest research

Latest analysis report

Released: 21.04.2026

Latest extensive report

Released: 14.05.2025

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Inderes EcoUp aloittaa yhteistyön betoniteollisuuden toimijan kanssa vauhdittaakseen... Arvioimme yhteistyön keskittyvän EcoUpin teknologian hyötyjen osoittamiseen. Here are some initial thoughts on the cooperation with Rakennusbetoni- ja Elementti Oy announced by EcoUp today. Additionally...
2/4/2026, 7:35 AM
by Tommi_Saarinen
3
The core thesis has been based on growth in low-rise residential construction volumes from the low levels of recent years, which would support insulation sales volumes. Due to EcoUp’s relatively high gross margin percentage, this would flow through effectively to the bottom line....
1/8/2026, 12:13 PM
by Tommi_Saarinen
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
1
Here is the pre-earnings report from Tommi, as EcoUp reports its results on Tuesday, April 28. We expect the company’s revenue to have decreased from the comparison period as a result of corporate restructurings, but EBITDA to have improved following a lightened cost structure. We...
4/21/2026, 6:54 AM
by Sijoittaja-alokas
1
Tommi interviewed EcoUp’s new CEO Pauli Anttila Inderes EcoUp H2'25: Markkinakehitys ei tarjonnut vetoapua - Inderes Aika: 26.02.2026 klo 17.00 Alkuvuodesta havaittu piristyminen uudisrakentamisen markkinalla laantui nopeasti. Topics: 00:00 Introduction 00:10 Operational performance...
2/26/2026, 4:18 PM
by Sijoittaja-alokas
1
Here is a new company report on EcoUp from Tommi after the share issue. EcoUp updated its financial targets in December and carried out a directed share issue in January. We added the share issue to our forecasts, and in addition, we lowered our forecasts for the coming years as ...
1/23/2026, 12:53 PM
by Sijoittaja-alokas
1
Inderes EcoUp Oyj:n ylimääräisen yhtiökokouksen päätökset ja hallituksen päätös... EcoUp Oyj | Yhtiötiedote | 13.01.2026 klo 11:43:00 EETEI JULKAISTAVAKSI TAI LEVITETTÄVÄKSI, KOKONAAN TAI OSITTAIN, SUORAAN TAI VÄLILLISESTI YHDYSVALLOISSA, AUSTRALIASSA, KANADASSA, HONGKONGISSA... ...
1/13/2026, 12:14 PM
by Tommi_Saarinen
1
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 Q1'26 preview: Nye usikkerhedsfaktorer i markedets vendepunkt
Research4/21/2026, 6:03 AM 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 Comment3/25/2026, 5:47 AM 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
EcoUp H2'25: Forventningen om et turnaround fortsætter
Research2/27/2026, 7:16 AM 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

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EcoUp H2'25 preview: Regnskabsåret ser ud til at have været magert
Analyst Comment2/23/2026, 5:44 AM 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 Comment2/4/2026, 7:24 AM 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 Comment2/3/2026, 7:19 AM 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
Research1/23/2026, 5:30 AM 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 Comment1/15/2026, 7:04 AM by
Tommi Saarinen

EcoUps rettede emission blev gennemført som planlagt

Bruttoprovenuet på 3 MEUR blev rejst gennem en rettet aktieemission.

EcoUp
Extensive research5/14/2025, 10:33 AM 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 Comment3/21/2024, 7:46 AM 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