Brief: Tomra Systems Q2 Revenues At EUR 333 Mln, In Line With Q2 Last Year

Tomra Systems ASA

19/07/2024 06:52

July 19 (Reuters) - Tomra Systems ASA  TOM.OL :
    * Q2 REVENUES AMOUNTED TO EUR 333 MLN, IN LINE WITH Q2 LAST
YEAR
    * Q2 ADJUSTED EBITA NOK 44 MILLION VERSUS EUR 34 MILLION
SEEN IN
COMPANY CONSENSUS
    * GROSS MARGINS INCREASED FROM 42% TO 44% IN Q2 COMPARED TO
SAME
PERIOD LAST YEAR
    * Q2 ADJUSTED EBITA MARGIN 13% VERSUS 11.2% SEEN IN COMPANY
CONSENSUS
    * INCREASES ARE DRIVEN BY A POSITIVE BUSINESS AND PRODUCT
MIX AS
WELL AS PRICE ADJUSTMENTS
    * MARKET SENTIMENT IS STILL SOFTER IN RECYCLING AND FOOD,
WHERE
REVENUES WERE DOWN AS EXPECTED IN QUARTER

Source text for Eikon:  ID:nWkr6Zh0vW 
Further company coverage:  TOM.OL 

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