Tomra Systems A/S/A S/Adr (TMRAY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Tomra's first quarter result presentation for 2026. My name is Daniel Sundahl. I'm a head of investor relations in Tomra. We will, as usual, start today's presentation with CEO Tove Andersson giving you the highlights of the quarter, followed by a deep dive into the number from CFO Eva Sagamo. At the end of the presentation, we will take questions from participants in the team's webinar. A link to the webinar can be found in this morning's Stock Exchange release. But without further ado, I give the word to Bob Andersen. Good morning, and welcome for me as well to our Q1 presentation 2026. We present today a quarter characterized by strong growth in food and collections. but with profitability impacted by short-term product mix effects in all segments and lower volumes in recycling. However, the underlying developments in the quarter in all segments gives us confidence going forward that we are on the right track. Collection delivered record revenues due to deliveries in Poland and Portugal and growth in existing markets. However, with lower margins due to the higher share of RBM sales and the product margins in Poland. In recycling, we continue to see low commercial activity, but progressing according to plan on the cost reduction program. In food, the high commercial activity is continuing, however, with short-term lower margins due to a larger than normal share of third-party peripheral equipment delivered. Let me then take you through the business update for divisions and horizons. The collection had a record quarterly revenues of €208 million, up 15% currency adjusted. Revenue in existing markets was €169 million in the quarter, which represents 5% growth, in line with our ambition. However, when comparing the re...