Norway · Delayed Price · Currency is NOK Tomra Systems ASA Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered strong revenue growth in Food and Collection, offset by margin pressure from product mix and weak Recycling volumes. Cost reduction in Recycling and innovation in Collection and Food support a positive long-term outlook.
Fiscal Year 2025
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Q4 2025 saw record results in Collection and Food, while Recycling faced ongoing market headwinds and initiated cost reductions. Outlook for 2026 includes continued growth in Collection and Food, with Recycling recovery expected only in the longer term.
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Q3 saw muted results due to delayed new market rollouts and weak Recycling, while Food performed strongly with record order backlog. Collection remains robust in existing markets, and strategic moves like the CLYNK acquisition and new product launches position for future growth.
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Q2 2025 saw record results in Food, stable Recycling, and a Collection decline due to market phasing. Macroeconomic and tariff uncertainties weighed on Recycling and Food, while new deposit return systems in Poland and Portugal are set to drive future Collection growth.
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Q1 2025 saw 5% revenue growth, improved gross margin, and strong cash flow, with Food delivering record results and Collection stable. Outlook remains positive for all divisions, though macro uncertainty and tariffs may impact recycling and food investments.
Fiscal Year 2024
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Record Q4 and full-year results driven by strong revenue growth, margin expansion, and cost savings. New market rollouts, regulatory tailwinds, and strategic acquisitions position the company for continued growth in 2025, despite some market softness in plastics and food.
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Acquisition of 80% of a German digital waste management leader for EUR 56 million in cash, with an option for the remaining 20% in two years, aims to drive growth and digital synergies in recycling and collection. The deal leverages strong market position and technology for international expansion.
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Q3 2024 saw 6% revenue growth, strong Collection and Food performance, and record order backlogs, while Recycling volumes declined as expected. Adjusted EBITDA rose 15% and cash flow hit a record EUR 99 million. Outlook remains positive for Collection and Recycling, with Food focused on profitability.
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Strategy and targets through 2030 are reaffirmed: 15% CAGR, 18% EBITDA, and >18% ROCE, with growth led by Collection and Recycling, Food turnaround, and selective adjacent ventures. Service revenue and sustainability are key levers, and capital allocation remains disciplined.
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Q2 2024 saw flat revenue year-over-year at EUR 333 million, with strong Collection growth offset by declines in Recycling and Food. Gross margin improved to 44%, and order backlog reached an all-time high, supporting future visibility. Collection is expected to grow mid- to high-single digits for the year, while Recycling and Food face softer market sentiment.