Tomra Systems shares dip as Scotland delays deposit return scheme

Tomra Systems ASA

19/04/2023 10:25

** Shares in Norwegian sustainable technology company Tomra
Systems  TOM.OL  fall 4.5% with local analysts pointing to a
delay in implementing a deposit return scheme for single-use
drinks containers in Scotland
    ** The scheme, which was due to be launched in August, will
now come into effect in March next year, First Minister Humza
Yousaf said in his speech on April 18
    ** Tomra said in its annual report published in March 2023
it considered Scotland as a potential new market
    ** The group pointed out in the report that implementation
of new deposit systems is a fundamental driver for growth in
Collection, a division which generated 51% of the company's
revenue in 2022
    ** The stock is among worst performers on pan-European index
STOXX 600  .STOXX , on track for its worst day since Dec 2022

 (Reporting by Jesus Calero and Jagoda Darlak)
 ((jesus.calero@thomsonreuters.com;
jagoda.darlak@thomsonreuters.com))