New strategic plan to double income and accelerate the path towards a more sustainable future

With a turnover of €1.05 billion and employing 4.600 people, TOMRA is one of the global leaders in reverse vending machines (RVMs) and sensor-based sorting technologies for the food and recycling industries.  

Recently, the company revealed its intention to accelerate the path towards a more sustainable future and double its income in 5 years. The strategic plan consists of 3 core divisions and foresees the current business platform to develop adjacent business opportunities.

The strategy is based on organic growth in core business, with an emphasis on positioning for new deposit markets, leveraging technology to increase recycling, expanding the food sorting business throughout various categories and countries, in addition to constant investment in securing supply chain resilience and innovations.

In order to develop adjacent business opportunities, the company will focus on opportunities that are ready for scaling, where it has a competitive advantage to succeed, and where there is a return potential.

Among adjacent opportunities there are textile recycling, digital business models, collection systems for reusable packaging, and closing the gap in plastics recycling.

With this plan, the company launched a new set of financial ambitions for the next 5 years. This foresees 15% annual revenue increase, EBITA margin at 18%, 40 to 60% dividend payout and maintaining an investment grade status. Besides, the company was rated A- / Stable.

Tove Andersen, TOMRA president and CEO, commented that during 50 years of activity, they have established a solid position which creates the foundation for their ambitious aim to double their revenues in the next 5 years by accelerating growth in core and developing adjacent businesses.

Moreover, they will focus on implementing its sustainability plan to become a fully circular business, and be safe, fair and inclusive.

The sustainability strategy foresees 5 focus areas: resource productivity, supply chain sustainability, climate impact, sustainable product design, and TOMRA’s employee value proposition. 

The CEO commented that all of the five focus areas will have a transformational impact and provide significant, measurable benefits for people and the environment. 

If you wish to upgrade sorting lines at your facility or obtain more information about solutions by TOMRA, send your inquiry