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EcoUp

1.32 EUR

-3.65 %

1,757 following

ECOUP

First North Finland

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Ownership
Investor consensus
Compare
-3.65 %
0.00 %
-17.50 %
-28.65 %
-34.00 %
-22.81 %
-58.75 %
-
-81.22 %

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
55.72K EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
P/B (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Reduce
Target price
Updated
30.10.2025
Disclaimer
Antti Viljakainen
Tommi Saarinen
Tommi Saarinen, Antti Viljakainen
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Latest research

Latest analysis report

Released: 14.05.2025

Latest extensive report

Released: 14.05.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.1.
2026

Extraordinary general meeting '26

26.2.
2026

Annual report '25

16.4.
2026

General meeting '26

Risk
Business risk
Valuation risk
Low
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Research
ShowingAll content types
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

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Forum discussions
I understand the other side of the criticism, but despite the problems, I don’t consider a directed share issue to be a completely worthless financing solution, as is sometimes suggested in general discussion (cf. an axe is a good tool for splitting wood, but for cutting, there are...
12 hours ago
by Antti Viljakainen
5
Ecoup in the news: Jari Isometsä, 56, a multiple medalist in cross-country skiing, was dismissed from his position as key account manager at the publicly listed company Ecoup last year. In July, Isometsä filed a summons application against Ecoup with the Oulu District Court. He is...
9/12/2025, 6:03 PM
by Pohjolan Eka
5
And I don’t see what the problem is in general when a directed issue is carried out above the previous day’s closing price. Even today, it has been possible to buy over 30,000 shares below the issue price.
12 hours ago
by Critter
3
Apparently, shareholder equality isn’t much of a priority at EcoUp. I recall @Pohjolan_Eka mentioning these directed share issues in another thread. It’s quite an unpleasant trend that these are becoming more common like this. Not a very nice development from a retail investor’s ...
12/19/2025, 1:18 PM
by Blackparta
3
@Tommi_Saarinen is the head chef behind the forecasts and he will get back to your question after Christmas/the holidays.
11 hours ago
by Antti Viljakainen
1
A directed issue is indeed a good solution in this situation. Antti, regarding the clear turnaround in EBITDA you’ve forecast after 2025: could you elaborate on how you see this turnaround taking shape, please? The sale of the suction service doesn’t in itself improve the margins...
11 hours ago
0
Here are Antti’s comments on EcoUp’s plans for a 3 million directed share issue EcoUp announced on Friday afternoon that it is considering a directed share issue of approximately EUR 3 million to strengthen the company’s capital structure and finance growth. The company’s major shareholder...
12 hours ago
by Sijoittaja-alokas
0
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