Brief: Tomra Says Will Benefit From Weak NOK

Tomra Systems ASA

14/07/2023 06:18

July 14 (Reuters) - Tomra Systems ASA  TOM.OL :
    * TOMRA: ALL-TIME HIGH REVENUES IN ALL DIVISIONS IN THE
SECOND
QUARTER 2023
    * TOMRA SYSTEMS ASA OUTLOOK 2023: ON CURRENCY: TOMRA  WILL
IN
GENERAL BENEFIT FROM A WEAKER NOK, MEASURED  AGAINST EUR AND USD
    * TOMRA SYSTEMS ASA OUTLOOK 2023: ON FOOD: CHALLENGING
MACROECONOMIC ENVIRONMENT IS DELAYING  CUSTOMER INVESTMENTS,
PARTICULARLY IN FRESH FOOD, WHICH IS  EXPECTED TO IMPACT THE
GROWTH IN THE SHORT TERM
    * TOMRA SYSTEMS ASA OUTLOOK 2023: ON FOOD: LONG  TERM
OUTLOOK
REMAINS POSITIVE AS ACCESS TO LABOR, HIGHER  LABOR COSTS AND
INCREASED QUALITY AND SAFETY REQUIREMENTS  ARE DRIVING THE NEED
TO AUTOMATE FOOD PROCESSING
    * TOMRA SYSTEMS ASA OUTLOOK 2023: ON RECYCLING: THE POSITIVE
MOMENTUM IN RECYCLING IS EXPECTED TO  NORMALIZE FROM THE HIGH
GROWTH LEVEL IN THE LAST 24 MONTHS
    * TOMRA SYSTEMS ASA OUTLOOK 2023: CONTINUED PRICING ACTIONS
AND
COST MEASURES ARE EXPECTED  TO MITIGATE SUPPLY CHAIN AND
CONTINUED INFLATION EFFECTS

Source text for Eikon:  ID:nWkr9DZcsz 
Further company coverage:  TOM.OL 

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