Norway's Tomra Systems Q1 revenue rises, but drop in margins drags EPS

Tomra Systems ASA

24/04/2026 06:14

Overview

Norway resource optimization firm's Q1 revenue rose 9% yr/yr to 334 mln EUR

Adjusted EPS for Q1 fell to 0.02 EUR from 0.03 EUR

Recycling segment revenue declined 19% amid continued weak order intake and challenging market

Outlook

Company says Recycling continues to face challenging market conditions with low order intake

Tomra expects cost reduction program in Recycling to gradually improve profitability

Company sees positive market sentiment continuing in Food segment

Result Drivers

COLLECTION GROWTH - Revenue growth in Collection driven by steady performance in existing markets and new installations in Poland and Portugal

RECYCLING DECLINE - Recycling revenue fell due to recent low order intake and a challenging market environment

PRODUCT MIX IMPACT - Gross margin negatively affected by short-term product mix in all segments and low volumes in Recycling

Company press release: ID:nWkr1PN9Km

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 334 mln
Q1 Adjusted EPS
EUR 0.02
Q1 Gross Margin
40.20%
Q1 Adjusted EBITA
EUR 26 mln
Q1 Cash Flow from Operations
EUR 60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Tomra Systems ASA is NOK150.00, about 24.1% above its April 23 closing price of NOK120.90

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)