Earnings MomentumAt current valuation, shares trade at a justified discount, given subdued earnings momentum and structural challenges.
Financial PerformanceTomra’s 3Q25 results disappointed, with group revenues of EUR 306m missing consensus by 6%.
Market ChallengesFollowing a weak Q3 report, near-term visibility remains constrained by rollout risks in new DRS markets, intensified competition, and ongoing weakness in Recycling.