Tomra Systems recovers by double digits due to speculation in Spain | $TOM (-1.84%)

Shares in the Norwegian company Tomra, which manufactures deposit systems, rose by a maximum of 11.4 percent on Monday. The rally was driven by speculation in the Spanish press about the country's deposit system.

"They have realized that they have not reached their collection targets for plastic bottles. Then, by law, they have to introduce a deposit system," Nordea analyst Andreas Nibe Nygård told Norwegian broadcaster E24.

The data was also commented on by Carnegie, which described it as "very positive", as Bloomberg News reports.

Spain is expected to introduce the system by the end of 2026. But even with delays, 2027 "will be a very strong year for Tomra, with machine sales to the UK and Spain providing the biggest boost," writes Carnegie.

Estimated earnings per share will rise to EUR 0.74 in 2027, corresponding to a P/E ratio of 16 for the year.

In addition to Tomra, shares in Dutch company Envipco (listed on the Oslo Stock Exchange) also rose by 9.3 percent.

The Swedish investment company Latour is Tomra's largest shareholder with 21.1 percent of the capital and votes.