SB1 Markets trims Tomra stock target to NOK 115
Published on 10/01/2026 at 12:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Tomra stock carries an NOK 115 target after SB1 Markets reduced its previous NOK 120 target on September 28, 2026, while keeping a Buy rating, according to Börskollen. The revision puts valuation and execution ahead of headline growth as the company approaches its third-quarter report.
Second-quarter growth stays strong
Tomra reported EUR 405.0 million in revenue for the second quarter of 2026, an increase of 25.00 percent from the same quarter a year earlier. EBITDA reached EUR 57.0 million, up 30.00 percent year over year, according to the Yahoo Finance transcript of the company presentation.
The mix was uneven across divisions. Collection revenue reached EUR 246.0 million, up 45.00 percent, while Recycling revenue fell 11.00 percent to EUR 51.0 million and Food revenue increased 5.00 percent to EUR 99.0 million in the second quarter of 2026.
Analyst target meets operating tension
SB1 Markets expects third-quarter EBITA of EUR 43.0 million and net income of EUR 22.0 million, figures it described as in line with consensus on September 28, 2026. The house also cut its 2028 EBITA estimate by 10.00 percent and placed its 2027 to 2028 estimates 10.00 percent below consensus, according to Börskollen.
That contrast matters because Tomra's Collection expansion is generating rapid revenue growth, while equipment-heavy deliveries weigh on margins. Recycling order intake improved 40.00 percent year over year in the second quarter, but the division's revenue declined 11.00 percent, leaving investors with a clear execution test for the next report.
October report sets the next test
Tomra's investor-relations calendar lists the third-quarter 2026 report for October 23, 2026. The company also scheduled a capital-markets update for November 25, 2026, according to Tomra.
On the Oslo Stock Exchange, the stock was at NOK 90.25 at 12:08 p.m. CEST on October 1, 2026, down 1.47 percent from the prior close of NOK 91.60. The quoted 52-week range was NOK 89.80 to NOK 155.00, while market capitalization stood at NOK 26.7 billion on October 1, 2026.
Tomra stock facts
- Company: Tomra Systems ASA
- Ticker: TOM
- Primary exchange: Oslo Stock Exchange
- Oslo quote: NOK 90.25 on October 1, 2026 at 12:08 p.m. CEST
- Change versus prior close: minus 1.47 percent
- Prior close: NOK 91.60
- Market capitalization: NOK 26.7 billion as of October 1, 2026
- 52-week range: NOK 89.80-NOK 155.00 as of October 1, 2026
- Next earnings date: October 23, 2026
