SEVA_ schreef op 15 februari 2024 12:27:
Meeliften op Tomra?
Shares in Tomra rise 22% to the top of STOXX 600 index <.STOXX> after the Norwegian waste management provider posted Q4 results above estimates, owing to a strong sales development in its collection and recycling units
Tomra posts "significantly better" quarterly results, Jefferies analysts say, noting that Tomra's net sales rose 19% year on year to 4.12 billion Norwegian crowns ($390 million), 14% above consensus expectations
The brokerage says the growth was driven by collection and recycling (+26% and 18% organically, respectively), that eclipsed the challenged food unit (sales down 20% year on year)
Q4 EBITDA grew 26% year on year to 626 million crowns, 35% above consensus cited by Jefferies
The brokerage also flags Tomra reported a strong order backlog in recycling, and progress in the cost reduction programme in the food unit
Tomra shares are on track for their best day since 2002
($1 = 10.5775 Norwegian crowns