TOMRA Q2: Food Shines, Recycling Slows, EPS Steady

TOMRA Systems ASA, the global leader in sensor-based technology for resource efficiency, reported its Q2 2025 financial results, highlighting growth in Food, decline in Collection, and uncertainty in Recycling.

President & CEO Tove Andersen commented on the performance:

“While the Food division achieved record EBITA and order intake, Collection slowed temporarily due to timing in new deposit return systems, and Recycling faced headwinds from macroeconomic and tariff uncertainty.”

  • Group revenues were €325 million, down 2% YoY.
  • Collection revenues declined 12% to €169M due to market phasing (2Q24: €193M).
  • Recycling revenues remained stable at €57M, but order intake fell 37% YoY.
  • Food revenues rose 15% to €94M, with record-high order intake (€106M) and order backlog (€137M).

Despite a dip in group revenue, the gross margin held at 44%, and adjusted EBITA stayed stable at €44 million. Food’s EBITA margin improved to 18%, aided by volume growth and restructuring efficiencies. Recycling margins dropped due to product mix. Adjusted EPS remained at €0.08.

TOMRA also reported cash flow from operations at €17 million, down from €34 million in 2Q24, and noted a positive €3.7M special item effect from the Food restructuring.

The Collection division is preparing for system launches in Poland and Portugal, while Food gains strength across all regions and categories.

A webcast of the results presentation by CEO Tove Andersen and CFO Eva Sagemo is available here.

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