Tomra Systems A/S/A S/Adr (TMRAY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning from Asker, ladies and gentlemen, and welcome to Tomra's third quarter results presentation for 2025. My name is Daniel Sundahl and I'm head of investor relations. As always, CEO Tove Andersen will start today's presentation by giving you the main highlights of the quarter. And afterwards, CFO Eva Sagamo will dive deeper into the numbers and present our updated outlook. At the end of the presentation, we will open up for Q&A for participants in the Teams webinar. A link to the team's webinar can be found in this morning's Stock Exchange release. We look to conclude this presentation at around a quarter to nine today. And without further ado, I give the word to CEO Trove Andersson. Thank you, Daniel. And welcome for me as well to our Q3 presentation. The results in this quarter has been muted due to facing of new deposit markets in collection and a continued weak market in recycling. Food, however, is continuing to perform in line with our expectations on both top line and bottom line. And in addition, we see a strong momentum in orders in food, which is positioning this division well for future growth. And despite the overall financial results being muted in the quarter, the activity level has been anything but that. And we are very excited about the prospects going forward. So let me run through an update on our three divisions and horizon. As always, I start with collection. In collection in the quarter, we saw solid growth of 6% in our existing markets. So we are on track on delivering on our strategic ambition, which is to have 5% annual growth in existing markets. And in the quarter, 90% of the revenue stems from these markets, which really provides a strong and stable foundation for our collection business. We did have a decline in contribution fro...