TOMRA Systems 1Q 2024 earnings announcement

TOMRA Systems ASA reported Q1 2024 revenues of 3,322 MNOK with flat organic growth, though Collection segment grew 15% offset by declines in Recycling and Food divisions. Gross margin remained stable at 40%, while adjusted EBITA declined to 176 MNOK from 277 MNOK year-over-year due to low volumes in Recycling and Food segments.