Tomra Systems Q1 EBITA Misses Forecasts 35%

Tomra reported Q1 adjusted EBITA of €26 million, about 35% below analyst forecasts.
Group revenue rose 9% YoY to €334 million but missed consensus by roughly 2%, driven by a 19% drop in recycling revenue.
Recycling posted a €5 million loss (‑14% margin); collection EBITA rose to €33 million (16% margin) and food EBITA to €4 million (6% margin).
Tomra aims for Q2 recycling conversion of 50% and food conversion of 70%, seeking better product mix and similar equipment mix.