Tomra's shares at two-year highs after Q4 profit beat

Tomra Systems ASA

14/02/2025 08:33

** Tomra  TOM.OL  shares rise more than 10% after the Norwegian
recycling machinery maker beat Q4 profit expectations
    ** The group delivered Q4 adjusted EBITA of EUR 78 million
($82 million), beating a company-provided consensus by 13%
    ** On the revenue line, it posted a 5% beat at EUR 398
million
    ** It reported an increase in order backlog for both
Recycling and Food business units, suggesting a positive shift
in market sentiment, Jefferies says
    ** The stock is trading at its highest level in two years
    ($1 = 0.9544 euros)

(Reporting by Agata Rybska)
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