Tomra Systems Full Year 2024 Earnings: Beats Expectations

Tomra Systems (OB:TOM) Full Year 2024 Results

Key Financial Results

• Revenue: €1.35b (up 2.5% from FY 2023).
• Net income: €93.0m (up 50% from FY 2023).
• Profit margin: 6.9% (up from 4.7% in FY 2023).
• EPS: €0.32 (up from €0.21 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tomra Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%.

The primary driver behind last 12 months revenue was the Collection segment contributing a total revenue of €773.0m (57% of total revenue). Notably, cost of sales worth €764.0m amounted to 57% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €408.0m (83% of total expenses). Explore how TOM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are up 17% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Tomra Systems (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.