Tomra Systems ASA (GB:0KV7) has released an update.
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TOMRA Systems ASA reported steady second quarter 2024 financial results with group revenues maintaining at 333 MEUR, mirroring the previous year. The Collection division saw a notable 15% revenue increase, contrasting with declines in Recycling and Food by 15% and 16%, respectively, though the combined order backlog reached a record 252 MEUR. Gross margins improved across all divisions, contributing to a 44% aggregate margin for the Group, and the company remains focused on enhancing circular economies and resource productivity.
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