Tomra Systems ASA (GB:0KV7) has released an update.
Tomra Systems ASA reported a 6% increase in group revenues for Q3 2024, fueled by strong performances in their Collection and Food divisions, which saw revenue growth of 14% and 12% respectively. Despite a downturn in Recycling revenues, the company anticipates a rebound in the fourth quarter due to a record-high order backlog. The company’s EBITA rose 15%, highlighting its ongoing financial momentum.
For further insights into GB:0KV7 stock, check out TipRanks’ Stock Analysis page.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
