Tomra Systems ASA - ADR (PK:TMRAY)
Business Focus: Industrial Machinery
| Sector: Industrials | Industry: Industrial Machinery & Equipment |
| Company Contact | |
| Address: | Drengsrudhagen 2 ASKER 1385 |
| Tel: | 47-91-361899 |
| Website: | https://www.tomra.com |
| IR: | See website |
| Key People | ||
| Johan Hjertonsson Chairman of the Board | Tove Andersen President, Chief Executive Officer | Eva Sagemo Chief Financial Officer |
| Lars Kversoy Enge Executive Vice President, Head of Group Strategy | Marius Fraurud Executive Vice President - Head of Collection | Harald Henriksen Executive Vice President, Head of TOMRA Food |
| Volker Rehrmann Executive Vice President, Head of TOMRA Recycling | Thomas Risoy Johansen Interim Head of TOMRA Collection | |
| Business Overview |
| Tomra Systems ASA is a Norway-based sustainable technology company. The Company provides technology-led solutions that enable the circular economy with advanced collection and sorting systems that optimize resource recovery and minimize waste in the food, recycling and mining industries. TOMRA Collection is a provider of reverse vending solutions. Every year TOMRA facilitates the collection of more than 40 billion empty cans and bottles and provides retailers and other customers with an effective and efficient way of collecting, sorting and processing these containers. TOMRA Food is a provider of optical sorting and processing technology for the fresh and processed food industry. TOMRA Recycling is engaged in the automation of waste sorting. TOMRA Mining provides a complete product portfolio for efficient material separation in various minerals and ore applications such as processing of industrial minerals, diamonds and gemstone recovery, and metal recovery from slag. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tomra Systems ASA - ADR revenues increased 21% to NOK14.76B. Net income decreased 22% to NOK803M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Operating expenses increase from NOK926.3M to NOK4.9B (expense), Amortizations increase from NOK38.8M to NOK207M (expense). |
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