TOMRA will report Q3/20 figures on 22 October, and we expect numbers to be roughly in line with us and consensus. We have lifted Q3/20 estimates slightly on the back of a weaker NOK in September and an expected rebound in throughput volumes from excess beverage containers not collected in Q2/20 due to lockdowns. We argue that focus in the upcoming report should lie on organic revenue growth and order intake in Sorting Solutions.
11 Oct 2020
Q3/20: Favourable FX to inflate sales growth
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Q3/20: Favourable FX to inflate sales growth
TOMRA Systems ASA (TMRA:FRA) | 0 0 0.0%
- Published:
11 Oct 2020 -
Author:
Carl Frederick Bjerke -
Pages:
11
TOMRA will report Q3/20 figures on 22 October, and we expect numbers to be roughly in line with us and consensus. We have lifted Q3/20 estimates slightly on the back of a weaker NOK in September and an expected rebound in throughput volumes from excess beverage containers not collected in Q2/20 due to lockdowns. We argue that focus in the upcoming report should lie on organic revenue growth and order intake in Sorting Solutions.