TOMRA Q4: Continued Collection Ramp-up in New South Wales and Strong Activity in All Sorting Segments
Revenues in the fourth quarter of 2017 amounted to 2,041 MNOK, compared to 1,766 MNOK in the fourth quarter of 2016, up 16%. Organic, currency adjusted revenues were down 6% in TOMRA Collection Solutions and up 12% in TOMRA Sorting Solutions. Gross margin was 43% in the quarter, up from 42% in the fourth quarter of 2016. The quarter saw improved margins in TOMRA Collection Solutions and stable margins in TOMRA Sorting Solutions. Operating expenses were 574 MNOK in the fourth quarter, including 57 MNOK in ramp-up costs for the new container deposit scheme in New South Wales (