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Edge15 May 2026
TOMRA: Closing the Loop
The story of TOMRA: from reverse vending machine pioneer to global technology for deposit systems, recycling, and resource optimization.
Tomra Systems
Tomra Systems (TOM) investor relations material
Tomra Systems Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 revenue rose 20% YoY to €366M; adjusted EBITA increased 55% to €47M from €30M, and adjusted EBITA margin rose to 12.9% from 10.0%.
Operating cash flow was €112M versus €64M; Collection led growth, while Recycling profitability improved and Food delivered double-digit growth.
Financial highlights
Q3 gross margin was 43.0%, down from 44.1%, mainly reflecting Collection mix; operating expenses rose to €110M from €104M.
Q3 adjusted EPS increased to €0.08 from €0.05; operating cash flow was €112M versus €64M, and investment cash outflow was €12M versus €68M.
9M revenue rose 18% to €1,105M; adjusted EBITA increased 30% to €130M, with adjusted margin of 11.8% versus 10.7%.
9M reported EBITA was €117M versus €104M; reported EPS was €0.17 in both periods, while adjusted EPS was €0.20 versus €0.16.
9M operating cash flow was €210M versus €147M; Q3 EBITDA was €73M versus €52M, and 9M EBITDA was €190M versus €167M.
Outlook and guidance
Collection H2 2026 revenue expected at €410M–€430M; H2 gross margin above 40% and FY gross margin around 40%. Quarterly operating expenses expected near €52M, plus €1M–€2M negative FX impact.
Recycling FY 2026 revenue expected at €205M–€215M; Q4 gross margin 50%–54%, operating expenses near €19M, and 55% of backlog expected to convert in Q4.
Food FY 2026 revenue expected at €347M–€357M; Q4 gross margin 43%–47%, with 80% of backlog expected to convert and quarterly operating expenses near €28M.
Horizon FY 2026 revenue expected at €45M–€50M, operating expenses near €27M and capex below €10M; total 2026 capex expected at €90M–€100M.
UK Collection installations are expected to begin contributing in late 2026, with most phase-one deliveries in 2027 and some extending into 2028.
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Latest events from Tomra Systems
- Targets 15% revenue CAGR and 18% EBITA margin by 2030, with growth across core segments.TOM
Investor presentation - Targets 15% CAGR, 18% EBITA margin, and net zero by 2050 through innovation and circular solutions.TOMInvestor presentation
- Q2 2026 revenue up 25% year-over-year, driven by Collection growth and margin pressure from mix.TOMQ2 2026
- Targets 15% CAGR, 18% EBITA margin, and net zero by 2050 through innovation and global leadership.TOMInvestor presentation
- Revenue up 9% in Q1 2026, driven by Collection and Food, but margins pressured by Recycling.TOMQ1 2026
- Record Collection and Food results, but Recycling weakness and revenue decline; dividend maintained.TOMQ4 2025
- Q3 2025 revenue fell 6% year-over-year, but gross margin improved to 44%.TOMQ3 2025
- EBITA surged 69% on 5% revenue growth, led by Food, with strong cash flow improvement.TOMQ1 2025
- Q4 2024 revenue up 12% YoY, with record margins and dividend increase, led by Recycling.TOMQ4 2024
Next Tomra Systems earnings date
CMD 202624 Nov, 2026
Tomra Systems
Next Tomra Systems earnings date
CMD 202624 Nov, 2026
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Frequently asked questions
Tomra Systems ASA provides sensor-based solutions for optimal resource productivity worldwide. It operates through Tomra Collections Solutions and Tomra Sorting Solutions divisions. The company designs collection solutions for reverse vending systems; production module for beverage, food, and non-food cans; sorting solutions for the food, recycling, and mining markets; and recycling centers for beverage packages under the TOMRA brand name. It also offers sensors and software to detect contaminants in food products in the food industry. The company was founded in 1972 and is headquartered in Asker, Norway.