TOMRA: FIRST QUARTER 2016 RESULTS ANNOUNCEMENT
A healthy Q1 for the TOMRA GroupThe TOMRA Group reported total revenues of 1,360 MNOK compared to 1,107 MNOK in first quarter 2015, representing a currency-adjusted increase of 12%. Collection Solutions increased revenues by 14% after adjusting for currencies compared to last year. Sorting Solutions showed a positive 10% growth for the same period. Adjusting for currency effects gross margin declined from 43% to 42% in the quarter. The margin in Collection Solutions was slightly down in the period. Gross margin in Sorting Solutions was stable compared to same period last year.