Yesterday, Tomra acquired 80% of the shares of c-trace - a German group providing integrated hardware and software solutions to manage waste collection vehicles fleets. This acquisition is in line with the strategy announced at Tomra CMD (Sept. 2024) where the group announced its intention to devel
This morning, Tomra Systems reported its Q3 2024 results, broadly in line with our estimates. Q3 2024 sales came in at EUR326m (+6% YoY, vs. EUR308m in Q3 2023) on the back of strong revenues in Collection and improvements in Food. Q3 2024 EBITA stood at EUR44m, (+16% YoY vs. EUR38m in Q3 2023 and
Following the publication of our Smart Waste industry note entitled "Life in plastic, it's (no longer) fantastic", we initiate coverage of Tomra Systems with a Neutral rating and a price target of NOK160.Founded in 1972 in Norway, Tomra is a global leader in resource optimisation through sensor-bas
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