Tomra tumbles to bottom of STOXX after Recycling drives Q1 miss

Tomra Systems ASA

24/04/2026 08:32

** Shares in Tomra TOM.OL fall 14% after the Norwegian recycling technology provider reported Q1 miss on the revenue and earnings level

** Q1 adjusted EBITDA came in at EUR 26 million ($30.36 million), which was 35% below expectations

** Jefferies says that the miss was driven primarily by Recycling, where low installation volumes and adverse mix continued to weigh on results despite early cost actions

** Group revenues were 2% below consensus, with softer-than-expected performance in both Collection and Recycling, the brokerage adds

** The stock is on track for its worst day since October 2023, if losses hold, and sits at the bottom of STOXX 600 index .STOXX

($1 = 0.8564 euros)

 (Reporting by Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))