Tomra Systems ASA (OTCPK:TMRAY)

$ 14.82 0.37 (2.56%) Market Cap: 4.38 Bil Enterprise Value: 4.83 Bil PE Ratio: 73.37 PB Ratio: 7.26 GF Score: 96/100

Q2 2023 Tomra Systems ASA Earnings Call Transcript

Jul 14, 2023 / 06:00AM GMT

Release Date Price: $16.13 (-2.75%)

Transcript

Daniel Sundahl

Good morning, ladies and gentlemen, and welcome to TOMRA's Second Quarter Results Presentation 2023. My name is Daniel Sundahl, and I'm Head of Investor Relations.

And with me today, as always, I have our CEO, Tove Andersen; and our CFO, Eva Sagemo, who will take you through the highlights of the quarter and dive deeper into the numbers. (Operator Instructions)

But without further ado, I give the word to CEO, Tove Andersen.

Tove Andersen

Tomra Systems ASA - President & CEO

Thank you, Daniel, and welcome from me as well to our Q2 2023 presentation.

This quarter, I'm very pleased to see that we are continuing delivering on our growth ambition with record higher revenues in all 3 divisions. And at the same time, we are lifting our margins, our gross margin in line with expectations. This quarter was especially good for Collection and Recycling, and I think for Collection, this quarter shows robustness of our current operations and portfolio opportunities, as we are continuing delivering strong growth and strong

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