Tomra Systems ASA
OSE:TOM
TOM's latest stock split occurred on May 27, 2022
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, TOM traded at 349.6 per share. Afterward, the share price was about 186.5981.
The adjusted shares began trading on May 27, 2022. This was TOM's 5th stock split, following the previous one in Nov 22, 2000.
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Tomra Systems ASA
Glance View
In the lush landscape of the circular economy, Tomra Systems ASA stands as a pivotal player, weaving innovation with environmental responsibility. Born in the 1970s in Asker, Norway, the company initially set out to solve a simple yet pervasive problem: the management of returnable bottles. This led to the conception of reverse vending machines, a brilliant blend of engineering and environmentalism, which allows consumers to return used beverage containers for recycling with ease. Tomra revolutionized how societies handle waste, fostering a user-friendly system that captures a vast majority of empty bottles and cans, thereby reducing pollution and conserving raw materials. Tomra Systems has since expanded its horizons beyond the reverse vending landscape, venturing into diverse sectors like waste sorting and food technology with an eye on sustainability. The core of Tomra's business model revolves around providing advanced sensor-based sorting systems. In the waste management sector, these systems identify and separate materials, ensuring optimal recycling and recovery. In agriculture, Tomra's technologies are employed to enhance food processing by offering precision sorting solutions—removing defects and foreign materials from produce, thus ensuring quality and reducing waste. This dual focus not only diversifies its revenue streams but also aligns with global sustainability goals, positioning Tomra as a unique intersection of profitability and environmental stewardship.
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