- Revenues366 EUR m +20% from EUR 306m in Q3 2025
- EBITA, adjusted for special items47 EUR m +55% from EUR 30m in Q3 2025
- Gross margin43.0 % 44.1% in Q3 2025
The EBITA margin at Tomra Systems, the Oslo-listed maker of reverse vending machines and sensor-based sorting equipment, widened to 12.9% in the third quarter of 2026 from 10.0% a year earlier, even though group gross margin narrowed, a decline Tomra traces to Collection. Tomra had no special items in either quarter, so its adjusted and reported EBITA match in both periods. Operating expenses rose 5% to EUR 110m; Tomra's 23 October 2026 release attributes the increase to the ramp-up in the UK and Poland, FX, inflation and the addition of Clynk, a US provider of bag-drop collection and processing of beverage containers whose assets Tomra acquired on 30 September 2025.
| Division | Revenues Q3 2026 (EUR m) | Revenues Q3 2025 (EUR m) | Gross margin Q3 2026 (Q3 2025) | EBITA adj. margin Q3 2026 (Q3 2025) |
|---|---|---|---|---|
| Collection | 217 | 179 | 40.8% (42.3%) | 16.6% (16.3%) |
| Recycling | 54 | 40 | 47.7% (43.9%) | 10.9% (-7.6%) |
| Food | 86 | 76 | 45.0% (45.1%) | 13.0% (10.2%) |
| TOMRA Group | 366 | 306 | 43.0% (44.1%) | 12.9% (10.0%) |
Source: TOMRA Systems ASA, 3rd quarter 2026 report, note 5 (operating segments), Q3 2026. Group totals also include TOMRA Horizon (Q3 2026 revenues of EUR 10.4m) and Group Functions, which are not shown as rows.
Collection's existing markets brought in EUR 193m, up from EUR 162m, including an EUR 8m contribution from Clynk; the release names Germany, North America and Australia as the drivers. New markets added EUR 24m against EUR 17m a year earlier, on deliveries to the new deposit markets Poland, Singapore and Romania. Business mix effects and high equipment sales in existing and new markets pulled the division's gross margin down to 40.8% from 42.3%, according to the release, while its EBITA rose to EUR 36m from EUR 29m.
- Recycling order intake73 EUR m+73.8% vs Q3 2025
- Recycling order backlog124 EUR m+13.8% vs Q3 2025
- Food order intake75 EUR m−2.6% vs Q3 2025
- Food order backlog110 EUR m−20.3% vs Q3 2025
Source: TOMRA Systems ASA, 3rd quarter 2026 report, 30 September 2026.
Recycling's order intake rose to EUR 73m from EUR 42m a year earlier, and EUR 26m of it came from what Tomra called exceptionally large Mining orders. Divisional revenue rose in almost all regions, and the report credits higher volume and COGS savings for the wider gross margin. In Food, revenue grew across several categories including citrus, blueberries and vegetables, offsetting the downcycle in potatoes, according to the release. The Food backlog fell 20% year on year, and Tomra puts the dip in Food order intake, to EUR 75m from EUR 77m, down to investment timing.
“In Recycling, profitability continues to move in the right direction as our operational improvements and cost actions take effect, although overall market sentiment remains broadly unchanged. … The EU Packaging and Packaging Waste Regulation (PPWR) is now applicable, strengthening the long-term regulatory backdrop for recycling.”
Tomra expects Collection total revenues of EUR 410-430m in the second half of 2026, with a gross margin of around 40% for the full year. For the full year 2026 it expects Recycling revenues of EUR 205-215m and Food revenues of EUR 347-357m, and it plans total capital expenditures of approximately EUR 90-100m. About 15% of group revenues come from sales in the United States which may be subject to tariffs, the report notes.
- TOMRA Systems ASA, 'TOMRA: 3Q26 - 20% revenue growth with strong operational performance' (Oslo Børs NewsWeb, message 684671), 23 Oct 2026, 07:00 CEST
- TOMRA Systems ASA, 3rd quarter 2026 report (PDF, NewsWeb attachment), 23 Oct 2026, 07:00 CEST
- TOMRA Systems ASA, 3rd quarter 2025 report, note 6 (acquisition of CLYNK), 17 Oct 2025, 07:00 CEST