Brief: Tomra Systems Proposes Ordinary Dividend Of NOK 1.95 Per Share

Tomra Systems ASA

15/02/2024 06:21

Feb 15 (Reuters) - Tomra Systems ASA  TOM.OL :
    * BOD PROPOSES ORDINARY DIVIDEND OF 1.95 NOK PER SHARE FOR
2023,
CORRESPONDING TO AN INCREASE OF 8% FROM LAST YEAR
    * OUTLOOK: ON COLLECTION: WITH SEVERAL NEW DEPOSIT
INITIATIVES IN
THE PIPELINE OVER THE COMING YEARS, THE DIVISION WILL CONTINUE
TO EXPERIENCE HIGH ACTIVITY RELATED TO PREPARATION FOR NEW
MARKETS
    * OUTLOOK 2024: ON RECYCLING: MARKET ACTIVITY IN RECYCLING
IS
NORMALIZING AFTER EXTRAORDINARY HIGH GROWTH IN 2022 AND 2023
    * OUTLOOK 2024: ON RECYCLING: MARKET SENTIMENT IS CURRENTLY
SOFTER
LEADING TO SLOWER EXPECTED GROWTH IN THE SHORT TERM
    * OUTLOOK 2024: ON RECYCLING: DEMAND FOR RECYCLED MATERIALS,
DRIVEN BY CONSUMER EXPECTATIONS, REGULATORY REQUIREMENTS, AND
SUSTAINABILITY COMMITMENTS FROM THE INDUSTRY, WILL CONTINUE TO
CREATE ATTRACTIVE GROWTH OPPORTUNITIES ACROSS ALL SEGMENTS
    * OUTLOOK 2024: ON CURRENCY: REPORTING IN NOK AND WITH SOME
NOK
COST BASE, TOMRA WILL IN GENERAL BENEFIT FROM A WEAKER NOK,
MEASURED AGAINST EUR AND USD
    * OUTLOOK 2024: ON FOOD: CHALLENGING MACROECONOMIC
ENVIRONMENT AND
POOR HARVESTS ARE DELAYING CUSTOMER INVESTMENTS, PARTICULARLY IN
FRESH FOOD, WHICH IS EXPECTED TO IMPACT THE GROWTH AND
PROFITABILITY IN THE SHORT TERM
    * OUTLOOK 2024: ON FOOD: FULL BENEFITS OF THE COST REDUCTION
PROGRAM OF 30 MEUR ARE EXPECTED BY YEAR END 2024

Source text for Eikon:  ID:nWkr9G0Nlq 
Further company coverage:  TOM.OL 

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