Tomra Systems falls as inflation bites in Q3

Tomra Systems ASA

21/10/2022 08:22

** Shares in Norwegian sustainable technology company Tomra
Systems  TOM.OL  slumps 6.6% after posting Q3 figures hurt by
cost inflation
    ** The company reports Q3 EBITA of NOK 454 million ($42.46
million), below the NOK 515 million seen in company consensus
    ** "Cost inflation has continued to be a pressure point and
impact margins negatively," it says
    ** Jyske Bank says the accounts presented yet another
disappointment in the food segment on both sales and earnings
    ** "We see continued pressure from cost inflation as well as
a challenged supply chain," the brokerage adds
    ** The stock is one of bottom performers on pan-European
STOXX 600  STOXX , and lowest since mid-June
($1 = 10.6921 Norwegian crowns)
 (Reporting by Marta Frackowiak)
 ((marta.frackowiak@thomsonreuters.com))