Q1 2025 Tomra Systems ASA Earnings Call Transcript
Key Points
- Tomra Systems ASA (TMRAF) reported a 5% increase in revenue for Q1 2025, reaching EUR 306 million, driven by strong performance in the Food division.
- The company achieved a record high gross margin of 43%, up 3 percentage points from the same quarter last year, indicating improved profitability.
- The Food division reported double-digit growth in both revenues and new orders, with a strong order intake of EUR 87 million.
- Tomra Systems ASA (TMRAF) maintained strong cost control, with operating expenses increasing by only 3% while investing in future opportunities.
- The company ended the quarter with a strong cash flow from operations of EUR 65 million, highlighting effective cash management.
- The Recycling division experienced a 16% decline in order intake, attributed to macroeconomic uncertainties and delays in waste management projects in the US.
- Revenues from the Collection division were slightly down by 2% compared to a strong Q1 last year, due to a pause in new market rollouts.
- The company faces potential risks from trade tensions and tariffs, which could delay investment decisions in both the Food and Recycling divisions.
- Tomra Systems ASA (TMRAF) anticipates an extra cost of EUR 4 million in Q2 due to tariffs impacting the Food division.
- The Recycling division's gross margin was softer compared to the same quarter last year, affected by product mix changes.
Good morning from Asker, ladies and gentlemen, and welcome to Tombrasâ first quarter results presentation of 2025. My name is Daniel Sundal, and Iâm Head of Investor Relations. As always, CEO, Tove Andersen, will start by giving you the highlights of the quarter; and afterwards, CFO, Eva Sagemo will dive deeper into the numbers and present the updated outlook
At the end of the presentation, we will open up for Q&A for participants in the Team's webinar, and a link to the webinar can be found in today's stock exchange release. We aim to conclude the presentation around 8:40.
But without further ado, I give the word to Tove Andersen.
Thank you, Daniel, and welcome from me as well to our first quarterly result in 2025. We report today a good first quarter in line with our expectations both on top and bottom line. I'm especially proud of Food in the quarter where we continue to see the benefits
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