Tomra Systems ASA (STU:TMRA)

€ 13.19 -0.4 (-2.94%) Market Cap: 3.94 Bil Enterprise Value: 4.33 Bil PE Ratio: 70.08 PB Ratio: 6.56 GF Score: 96/100

Q2 2021 Tomra Systems ASA Earnings Call Transcript

Jul 16, 2021 / 06:00AM GMT

Release Date Price: €23.53 (-0.72%)

Transcript

Stefan Ranstrand

Tomra Systems ASA - President & CEO

Good morning, ladies and gentlemen. Welcome to the second quarter results announcement 2021 for TOMRA. My name is Stefan Ranstrand, I am the CEO TOMRA. With me today, I have Espen Gundersen, our CFO; and Georgiana Radulescu, our Head of IR.

So it would be a pleasure for me to take it through the second quarter results of today. Espen will later go through the financial details a little bit deeper.

Next page, please, Georgiana. So it was a good quarter, something really to be proud of. Revenues increasing with 27%; strong development in Collection Solutions; strong development in Recycling/Mining, so 43% and 33%, respectively, growth there in revenues; and growth in TOMRA Food, 6% after adjustment for currencies.

Now when we talk about these strong growth numbers, we should, of course, not forget that last year, second quarter was our worst quarter when it comes to the pandemic. So here, we are measuring ourselves against the weak quarter, but nevertheless, these are the numbers, and they are strong.

Gross

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