Tomra stock reports 25 percent revenue growth in Q2

Published on 09/29/2026 at 12:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tomra stock posted EUR 405 million in Q2 2026 revenue, up 25.00 percent year over year. Fearnley cut its target to NOK 120.00 from NOK 124.00.

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Tomra stock is backed by Q2 2026 revenue of EUR 405 million, up 25.00 percent from the prior-year quarter. The Norwegian recycling technology group also delivered EBITDA of EUR 57 million, an increase of 30.00 percent, according to Yahoo Finance in its Q2 2026 earnings-call transcript.

Collection drives quarterly growth

TOMRA Collection generated EUR 246 million of revenue in Q2 2026, up 45.00 percent year over year. EBITDA for the division reached EUR 44 million, compared with EUR 27 million in the same quarter a year earlier, as installations in Poland helped lift activity.

The growth came with a margin trade-off. Collection gross margin was 38.60 percent in the quarter, down 3.20 percentage points from Q2 2025, reflecting the larger share of equipment deliveries in new deposit markets.

Recycling remains the counterweight

TOMRA Recycling reported revenue of EUR 51 million in Q2 2026, down 11.00 percent year over year after weaker orders during 2025. Its order intake nevertheless rose 40.00 percent to EUR 58 million, while the division ended the quarter with an order backlog of EUR 105 million, according to Yahoo Finance.

That split gives Tomra's results a clear internal tension: deposit-return installations are accelerating revenue, while recycling demand is still working through an order slowdown. Pareto said on September 14, 2026, that the United Kingdom's planned deposit-return scheme remained on track for an October 2027 launch, as reported by MarketScreener.

Analyst target moves lower

Fearnley retained its buy rating but cut its Tomra price target to NOK 120.00 from NOK 124.00 on September 8, 2026, according to MarketScreener. The change keeps the analyst constructive while recognizing the stock's weaker operating backdrop in recycling and the margin effect of new-market equipment sales.

Next results arrive October 23

Tomra's next scheduled quarterly report is due on October 23, 2026, according to the company's investor-relations calendar. The date gives investors the next formal checkpoint for Collection growth, Recycling order intake and the margin outlook.