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Tomra Systems ASA (TOM.OL)

TOM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tomra Systems Q4 EBITA NOK 316 million, below estimates
Thursday, 23 Feb 2017 01:30am EST 

Tomra Systems ASA : Q4 revenue 1.77 billion Norwegian crowns ($211.64 million) versus 1.75 billion crowns seen in Reuters poll . Q4 EBITA 316 million crowns (Reuters poll 321 million crowns) . 2016 dividend 2.10 crowns (Reuters poll 2.34 crowns) . Prospects for Tomra Sorting Solutions - currently good momentum in food, but low commodity prices will still have somewhat negative influence on recycling and mining performance . Prospects for Tomra Collection Solutions - replacement demand in Germany is assumed to continue into 2017, but the replacement in Sweden was to a large extent finished at the end of 2016 .Will be negatively impacted by strengthening NOK, measured particularly against EUR and USD.  Full Article

Tomra CEO says to boost European sales of Compac
Wednesday, 12 Oct 2016 03:00am EDT 

Tomra Systems Asa : Tomra CEO Stefan Randstrand told a conference call: expects to boost European sales of Compac Holding by $10-20 million after acquisition . CEO says expects annual cost synergies of $2-3 million from Compac Holding acquisition . CEO: "It will take some time...these are the kinds of synergies we see in the first assessment." . Tomra earlier on Wednesday announced the acquisition of the New Zealand firm [nFWN1CH13Q] Further company coverage: [TOM.OL] (Reporting By Ole Petter Skonnord) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Norway's Tomra to buy New Zealand's Compac for up to NZD 300 mln
Wednesday, 12 Oct 2016 12:11am EDT 

Tomra Systems Asa : Acquires New Zealand sorting machine manufacturer Compac Holding Ltd for NZD 70 million ($50.11 million), free of cash and interest bearing debt . To pay the purchase price in cash, and the transaction will be financed through existing drawing rights . In addition to the initial purchase price, the sellers are entitled to an earn-out linked to the combined EBIT for the period July 2016 to June 2019 . The earn-out is capped at NZD 230m, which is reached at a combined EBIT for the three years' period of NZD 84m . If the combined EBIT during the period is below NZD 20m, no additional earn-out will be paid (somewhat dependent upon the distribution of EBIT between the three years) . will also provide an interim funding to Compac of NZD 10m. This is to be deducted from the purchase price at closing . Closing of transaction is expected to take place during 1q 2017 subject to approval by new zealand overseas investment office . With year-end in June 2016, Compac generated an EBITDA of NZD 3 million on total revenue of NZD 152 million . Compac is a New Zealand-based provider of post-harvest solutions and services to the global fresh produce industry. The company designs, manufactures, sells and services packhouse automation systems that sort fresh produce based on weight, size, shape, colour, surface blemishes and internal quality.  Full Article

Tomra Systems Q2 EBITA NOK 319 million, beats expectations
Tuesday, 19 Jul 2016 01:30am EDT 

Tomra Systems ASA : Q2 revenue 1.77 billion Norwegian crowns ($210 million)(Reuters poll 1.67 billion crowns) . Q2 EBITA 319 million Norwegian crowns (Reuters poll 277 million crowns) . Q2 pre-tax profit 293.2 million crowns (Reuters poll 241 million crowns) . Replacement demand in Germany is expected to continue into 2017 .As for collection solutions replacement demand from Sweden is expected to phase out towards end of this year as new system with shape recognition is implemented from jan 2017.  Full Article

Tomra Systems proposes 2015 dividend
Monday, 8 Feb 2016 01:30am EST 

Tomra Systems ASA:Proposes 2015 dividend of 1.75‍​ Norwegian crowns per share vs 1.45 crowns for 2014.  Full Article

Tomra Systems: New EUR 50 mln loan facility
Monday, 7 Dec 2015 11:00am EST 

Tomra Systems ASA:Has entered into a 50 million euro multicurrency revolving credit facility.Facility has a tenor of 5+1+1 years.Funds to be used to refinance existing debt and for general corporate purposes.  Full Article

Tomra Systems ASA enters into agreement with Lithuanian Deposit System Administrator
Tuesday, 15 Sep 2015 02:00am EDT 

Tomra Systems ASA:Has entered into an agreement with Lithuanian Deposit System Administrator USAD.Agreement includes placement of up to about 1,000 reverse vending machines in Lithuanian market by 2016.  Full Article

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