Tomra Systems ASA stock (NO0005668905): Handelsbanken downgrades to Sell

Svenska Handelsbanken downgraded Tomra Systems ASA to Sell from Hold on Monday, lowering its price target to 90 NOK from a prior level. This comes as the sensor-based sorting technology company's shares declined 2.66% or 2.55 points to close at 93.45 NOK on the Oslo Stock Exchange (OL:TOM), according to Marketscreener as of recent trading and Investing.com.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

Tomra Systems ASA: core business model

Tomra Systems ASA develops, manufactures, and sells intelligent sorting and collection solutions for material recovery and processing. The company operates in three main segments: TOMRA Collection, TOMRA Recycling, and TOMRA Food, serving industries like recycling, mining, and food sorting globally. Its technology uses sensors, AI, and machine learning to optimize resource recovery.

Founded in Norway, Tomra Systems ASA has expanded internationally, with a focus on reverse vending machines for bottle deposits in Collection and advanced optical sorters in Recycling. The business model emphasizes recurring revenue from service contracts and reverse deposit systems, according to the company's investor relations site.

Main revenue and product drivers for Tomra Systems ASA

Revenue primarily comes from TOMRA Recycling, which provides sensor-based sorting for waste, plastics, and metals. TOMRA Food contributes through graders and sorters for fruits, vegetables, and nuts. TOMRA Collection generates income via deposit return systems in Europe and North America. In recent developments, TOMRA launched a next-generation AI platform via PolyPerception, expanding its GAINnext ecosystem with deep learning applications for North America, as reported by Waste360.

Key products include AUTOSORT for plastics recycling and pebble sorting solutions in mining partnerships, such as with SRK Consulting to improve plant performance, per Crown.co.za. These innovations drive growth in sustainable processing markets.

Industry trends and competitive position

The sensor sorting industry benefits from rising demand for recycling amid global sustainability pushes. Tomra Systems ASA holds a strong position with its AI-enhanced platforms, competing with firms like Bühler in fruit sorting, as noted in market reports. Partnerships in mining and plastics underscore its tech leadership.

Why Tomra Systems ASA matters for US investors

Tomra Systems ASA offers US investors exposure to the circular economy via its North American operations in recycling and food sorting. Listed on Oslo but with significant US market presence through deep learning apps and deposit systems, it ties into American sustainability trends and waste management sectors.

Conclusion

The recent downgrade by Svenska Handelsbanken to Sell with a 90 NOK target reflects caution on Tomra Systems ASA amid its share price decline to 93.45 NOK. Innovations like the new AI platform highlight ongoing tech advancements, while exposure to US recycling markets adds relevance for American portfolios. Investors track further analyst views and market reactions.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.