Envipco Holding-Turkey initiates staged DRS roll-out-07/01/2026

Research evidence excerpt

Envipco Holding-Turkey initiates staged DRS roll-out-07/01/2026

Envipco Holding

NEWSFLASH | 1 JUL 2026

Turkey initiates staged DRS roll-out

Turkey today rolled out the DOA container return program across 72 provinces, offering consumers TL 1 (~EUR 0.02) per

returned beverage container. This is not yet a full DRS, no consumer deposit is charged at point of sale, and the incentive is

producer-funded. Turkey is following the same staged approach as Greece, where a ~EUR 0.03 producer-funded reward is

in place ahead of a transition to full DRS with consumer deposits. The incentive is significantly lower than traditional deposit

levels (~EUR 0.1-0.2), but still drives returns in Greece. A traditional Turkish DRS will follow in 2027, according to several

news articles. Envipco is positioning with a tailored RVM and local distributor in Turkey. At CMD 2025, management sized

Turkey as a 35,000 unit greenfield opportunity, i.e. the same size as UK. Depending on mix, we estimate the machine sales

market value to c.EUR 550-700m. Turkey is already reflected in our estimates, and the event thus de-risks our case rather

than add to them.

Fabian Jørgensen

+47 22 87 88 43, fabian.jorgensen@paretosec.com

Helene Tingvold

+47 24 02 81 11, helene.tingvold@paretosec.com

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