Tomra slo forventningene: Tjente 35 millioner euro

Tomra exceeded expectations in the latest quarter, reporting a profit before tax of 35 million euros, compared to 23 million euros in the third quarter of the previous year. Revenue reached 366 million euros, up from 306 million euros in the same period last year. Both revenue and profit before tax surpassed analysts' expectations. Analysts had forecast 346 million euros in revenue and 27 million euros in profit before tax, according to Bloomberg.

Tomra's strong position in established markets provides a solid foundation to benefit from ongoing modernization and disposal trends, while increasing recurring revenues from its installed base, says Chief Financial Officer Tove Andersen in the report. The company's stock has been volatile since France dropped plans for a national deposit return scheme, but analysts remain optimistic.

Twelve analysts recommend buying the stock, with one holding and one recommending selling. Most of the company's growth comes from the Collection segment, which increased from about 179 million euros to 217 million euros. Growth was particularly strong in Germany, North America, and Australia. New deposit markets such as Poland, Singapore, and Romania contributed an additional 24 million euros.

The company is well underway with the rollout of the first deposit machines in the UK, which will begin accepting deposits for bottles and boxes on October 1, 2027. The UK is the second-largest deposit market after Germany, according to Tomra, with around 26 billion bottles and boxes recycled annually. Recycling, Tomra's segment for sorting machines, saw a loss of 6 million euros in the third quarter, down from a loss of 3 million euros in the same quarter last year.

However, the profitability trend in Recycling is improving as operational improvements and cost-saving measures take effect. Orders increased to 73 million euros, up from 74 million in the same period last year. A large order came from the mining industry, while plastic recycling remains weak. In the first quarter, Tomra cut 175 years' worth of inventory in Recycling to save around 16 million euros annually, a move driven by low investment appetite among customers in plastic and waste sorting.