Tomra eyes worst day in 17 months after earnings miss

Tomra Systems ASA

07/05/2025 08:46

** Shares in Tomra TOM.OL slump more than 9% after the Norwegian provider of recycling and waste sorting solutions posted a weaker-than-expected Q1 print

** Its quarterly adjusted EBITA of EUR 26 million ($29.55 million) came in 21% below consensus estimates

** Net sales of EUR 306 million also came in 2% below  company-compiled consensus

** Jefferies notes that while Food segment experienced  strong sales growth, Tomra reported a 2% decrease in the order backlog for Recycling, reflecting continued soft market sentiment in European plastics recycling

** If losses hold, Tomra shares tracks their worst day since October 2023

($1 = 0.8797 euros)

 (Reporting by Elviira Luoma)

 ((Elviira.luoma@thomsonreuters.com))