TOMRA: 4Q 2023 - All-time high revenues with strong performance in Collection and Recycling; Food restructuring on track
TOMRA, the global technology leader in sensor-based solutions for optimal resource productivity, announces its financial results for the fourth quarter of 2023. Collection and Recycling delivered solid revenue growth of 26% and 18% respectively (currency adjusted) while revenues in Food declined 20% compared to the fourth quarter last year. For the full year, revenues have grown 18% in both Collection and Recycling but declined 7% in Food. Overall growth in TOMRA Group was 10% in the quarter and 11% for the full year, leading to all-time high revenues of 4,123 MNOK in the fourth quarter