Tomra beats analyst forecasts with stronger quarterly profit and revenue

The Norwegian recycling firm posted a pre-tax profit and revenue that topped the forecasts of market analysts. Compared with the same period last year, both profit and sales showed noticeable improvement. The results come as the company's share price has fallen sharply since the French government abandoned a national deposit scheme. Despite the decline, most analysts covering Tomra remain positive, with the majority recommending a buy.