SB1 cuts Tomra to 'sell' on investment risks amid mounting debt; shares fall

Tomra Systems ASA

18/12/2025 14:01

** SB1 downgrades Norwegian recycling group Tomra TOM.OL to "sell" from "neutral", citing "risky" investments and mounting debt

** TOM shares fall 4.6% in afternoon trade; down 10% YTD

    ** Brokerage lowers TOM's EPS estimate for 2026 by 4%

** Says Tomra's net interest-bearing debt has grown to almost 600 million euros ($703.92 million), or 2.2x EBTIDA, while revenue growth has stagnated

** Says co's investment in plastic sorting facility at Omra, Norway, has proven unprofitable without gate fees

    ** Adds TOM's German plastic facility seems even more speculative than Omra because of exposure to the volatility of plastic prices

** Consensus remains overly optimistic for 2026-2027 - SB1

($1 = 0.8524 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))