Brief: Tomra Systems Q4 Revenues, Adjusted EBITA Beat Estimates

Tomra Systems ASA

14/02/2025 06:31

Feb 14 (Reuters) - Tomra Systems ASA  TOM.OL :
    * Q4 REVENUES EUR 398 MILLION VERSUS EUR 319 MILLION SEEN IN
COMPANY CONSENSUS
    * Q4 ADJUSTED EBITA NOK 78 MILLION VERSUS EUR 69 MILLION
SEEN IN
COMPANY CONSENSUS
    * Q4 ADJUSTED EBITA MARGIN 20% VERSUS 18.2% SEEN IN COMPANY
CONSENSUS
    * BOD PROPOSES AN ORDINARY DIVIDEND OF NOK 2.15 PER SHARE
FOR 2024
(2023: NOK 1.95), AN INCREASE OF 10%
    * TOMRA SYSTEMS OUTLOOK 2025: ON RECYCLING: BASED ON ORDER
BACKLOG
AT END OF Q4, A 45% CONVERSION RATIO IS ESTIMATED TO BE
RECOGNIZED AS REVENUES IN Q1
    * OUTLOOK ON FOOD: CHALLENGING MACROECONOMIC ENVIRONMENT AND
POOR
HARVESTS ARE DELAYING CUSTOMER INVESTMENTS, PARTICULARLY IN
FRESH FOOD, EXPECTED TO IMPACT GROWTH AND PROFITABILITY IN SHORT
TERM
    * OUTLOOK ON FOOD: BASED ON ORDER BACKLOG AT END OF Q$, A
65%
CONVERSION RATIO IS ESTIMATED TO BE RECOGNIZED AS REVENUES IN Q1

Source text:  ID:nWkrbMfF5Q 
Further company coverage:  TOM.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))