contentSlug

type

ContentPage_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentPage_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  createdAt
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  companies {
    viewerIsFollowing
    id
    name
    pageUrl
    forum {
      threadUrl
    }
    defaultInstrument {
      symbol
      id
    }
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  createdAt
  changedAt
  isPremium
  authors {
    __typename
    name
    pageUrl
    id
  }
  companies {
    name
    pageUrl
    id
  }
  tags {
    name
    id
  }
  ... on Video {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
  ... on Webcast {
    liveTime
    videoUrl
    videoEmbedUrl(location: "inderes")
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    summary
    companies {
      forum {
        threadUrl
        latestPosts {
          ...ForumPosts
        }
      }
      name
      id
      viewerIsFollowing
      pageUrl
      defaultInstrument {
        isin
        id
        symbol
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
    }
    tags {
      viewerIsFollowing
      id
      name
      pageUrl
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
      researchContentUrl
      researchContent {
        title
        lang
        pdfUrl
        relatedContent {
          __typename
          ...PublishingDetails
          ...Reactions
          id
        }
        content {
          title
          lang
          htmlBody
          publishedAt
          createdAt
          changedAt
          isOutdated
          isPremium
        }
      }
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
            nav
            navPerShare
            opexOfNav
            quarterlySharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    name
    pageUrl
    defaultInstrument {
      priceData {
        tradeCurrency
      }
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
    id
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


tom-major-shareholder-disclosure-tomra-systems

__typename

title

isPremium

lang

htmlBody

summary

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

changedAt

Tomra Systems is a technology company that develops products for automated returns management. The company's expertise lies in the development of sensor-based solutions. The technology is used in product sorting for deposit systems, sorting of waste and in sorting of ores and minerals in mining. The products are used by several customers in different industries. Tomra Systems was founded in 1972 and is headquartered in Asker, Norway.

Here is a very interesting company that came across my radar while researching Latour’s holdings. The current share price and valuation levels look historically cheap when looking at the expected results for 2027 (EV/EBIT 11 and P/E 14) and 2028. Historically, we have traded above EV/EBIT 25 and around P/E ~35. I would see that an acceptable valuation level in the longer term could be around the level of the Finnish company Kone (EV/EBIT 16-20 & P/E 20-25), because the business models of the companies—namely equipment sales and providing services for them—resemble each other very much, even though the markets are different. Tomra’s relatively stronger market position and the market’s higher (albeit somewhat regulatory-driven) growth could also offer the potential for even higher levels. Tomra’s crown jewel is the Collection segment, whose installed base currently consists of approximately 92,000 RVM machines. Tomra is the undisputed market leader in RVM machines, and over the next 5 years, the RVM market is expected to grow significantly due to EU regulation. According to various estimates, this would mean as many as 200,000 new machines over the next 5 years, and if Tomra captures, for example, 30% of these, the installed base will grow by 60% in 5 years. The Collection segment is the company’s crown jewel precisely because it combines several high-quality features: •  High profitability: Collection’s gross margin was 41.7% in 2025 and the group’s EBITA margin was 13.2%. The company’s long-term target is an EBITA margin of over 18%. •  High recurring revenue: In 2025, as much as 61% of Collection’s revenue came from services, maintenance, spare parts, and throughput models (equipment sales accounted for only 39%). •  Strong market position: Around 92,000 installed RVM machines and a clear market leadership. The machines collect over 53 billion beverage containers annually. •  Structural growth driver: New deposit systems (especially in Europe) create demand that is not as dependent on the industrial investment cycle as traditional engineering companies. •  Good return on capital: Historically, ROCE has been around the 15% level (2025: 15.4%). These factors make Tomra clearly higher quality than the average engineering company. In addition, the company has food and material recycling sorting businesses that diversify the operations somewhat, even though their shares of operating profit are not very large compared to Collection’s 65% share (Food: 24% and Recycling 11%). The Food and Recycling businesses slightly lower the group’s overall quality metrics, but the whole is still good. Have any of you invested in the company? I am seriously considering clearing a few lines from my portfolio to build an initial position.

France decided against introducing a nationwide recycling system, and recycling systems will instead be implemented locally. Alongside Tomra, which provides DRM (Deposit Return Machine) recycling systems, Envipco’s share price in particular fell significantly following the news. On the other hand, analyses by Pareto Securities have noted that market consensus does not hold high expectations regarding France before 2029, when recycling requirements for single-use plastic beverage bottles and cans tighten across the European Union (a 90% collection target).

Promising interim report released:  Revenue 405 MEUR, +25% (comp. Q2/25)  (Collection +45%, Recycling -11%, Food +5%) Gross margin 41.3% (Q2/25 44.3%) Operating expenses +10% (inflation, ramp-up of operations in the UK and Poland) Adjusted EBITA 57 MEUR (+30%). Adjusted EPS 0.10€ (+23%).  Poland has become a significant market area for Tomra in the deposit return segment, which is the company’s largest in terms of revenue.            tomra.com              2026-q2_quarterly-presentation_tomra.pdf    2.21 MB

Tomra Systems reported first-quarter 2026 results that significantly missed analyst expectations on key metrics, including adjusted EBITA and profit before tax. The Recycling segment faced substantial challenges with a decline in revenue and an operating loss, leading to a EUR 16 million cost-saving program. Despite strong performance in the Collection and Food segments, the overall disappointing figures led to a sharp drop in the company’s share price.   Tomra Systems’ adjusted EBITA for Q1 2026 was EUR 26 million, significantly below the analyst consensus forecast of EUR 39–41.1 million, and its profit before tax was EUR -4 million, falling short of expectations of EUR 25.5 million.   Group revenue was EUR 334 million, an increase of 9% (12% at constant currencies) year-on-year, but it still trailed analyst estimates of EUR 347–349 million.   Stock -22%

Let’s share this excellent Tomra presentation video from the Sifter Fund’s YouTube channel (from 2024). A great video, especially for new investors interested in Tomra.

Tomra’s results are out:                  Inderes              TOMRA: Strong finish to 2025 with record quarter in Collection and solid...    TOMRA, the global technology leader in sensor-based solutions for optimal resource productivity, announces its financial results for the fourth quarter 2025. Tove Andersen, President and CEO...                             Highlights 4th quarter 2025 (comparison figures are from the corresponding period last year) · Revenues were 382 MEUR (4Q24: 398 MEUR) in TOMRA Group, down 4%  · Revenues were up 2% in Collection, down 27% in Recycling, and down 3% in  Food  · Gross margin of 46% (4Q24: 46%)  · Operating expenses (adj. for special items) was 105 MEUR (4Q24: 103 MEUR)  · Special items were -1.3 MEUR in the quarter (4Q24: -2.7 MEUR)  · EBITA (adj. for special items) was 71 MEUR (4Q24: 78 MEUR)  · EPS (adj. for special items) was 0.15 EUR (4Q24: 0.18 EUR)  · Cash flow from operations was 24 MEUR (4Q24: 83 MEUR)  · Recycling order intake down 20% to 61 MEUR (4Q24: 76 MEUR)  and order backlog down 12% to 94 MEUR (4Q24: 107 MEUR)  · Food order intake up 2% to 86 MEUR (4Q24: 85 MEUR)  and order backlog growth of 26% to 136 MEUR (4Q24: 108 MEUR)  · Proposed dividend NOK 2.15 per share (NOK 2.15), corresponding to a payout  ratio of 58% of EPS

I wonder what kind of Trojan horse Tomra just led through the gates  Interesting timing to put out a stock exchange release just a couple of days before the financial statement. Surely this could have been announced on Friday along with the results? I guess this has to be taken as a “soft profit warning”                    Inderes              TOMRA: TOMRA Recycling announces cost reduction program - Inderes    In response to challenging market developments over the past year, with reduced customer investments within the recycling industry, TOMRA Recycling has today informed its staff that it will ...                             In short, it’s about job cuts in the Recycling business unit (approx. 175 jobs), aiming for 16 million euro annual savings and bringing the EBITA margin back above the 20% level by 2027. There is definitely a need for this, as they have fallen quite short of targets and expectations regarding recycling, considering the kind of picture that was painted for the segment at the last CMD a couple of years ago!

Tomra Systems

Yesterday fund managed by DNB Asset Management AS sold 107 928 shares in Tomra Systems ASA. After the transaction fund managed by DNB Asset Management holds 14 711 552 shares in Tomra, equivalent...

<pre>Yesterday fund managed by DNB Asset Management AS sold 107 928 shares in Tomra Systems ASA. After the transaction fund managed by DNB Asset Management holds 14 711 552 shares in Tomra, equivalent of 4,96% direct ownership. Please see attachment on www.newsweb.no web.no \ </pre>

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TOM: Major Shareholder Disclosure Tomra Systems

TOM: Major Shareholder Disclosure Tomra Systems