Continued margin improvement and solid revenue growth in Collection and Recycling in the third quarter 2023
TOMRA, the global technology leader in sensor-based solutions for optimal resource productivity, announces its financial results for the third quarter of 2023. Gross margins improved in all three divisions while Collection and Recycling delivered solid revenues with 11% and 14% growth respectively, compared to the same quarter last year and adjusted for currency effects. Revenue in Food decreased 18% (currency adjusted) as the weak market sentiment in fresh food continued. Overall revenue in TOMRA grew 3% in the quarter and 11% year-to-date (adjusted for currency), representing the