Tomra Q1 Misses Forecasts as Recycling Weakness Drags Results
Tomra Systems reported first-quarter adjusted EBITA of EUR 26 million, about 35% below market forecasts, while group revenue reached EUR 334 million, up 9% year-over-year but roughly 2% under consensus. Strength in Collection and Food was offset by a 19% decline in Recycling revenue and a negative contribution from that division, with lower install…