TOMRA: 2Q 2024 - Continued strong momentum in Collection; Gross margin improvements across all divisions
TOMRA, the global technology leader in sensor-based solutions for optimal resource productivity, announces its financial results for the second quarter 2024. Revenues for the Group amounted to 333 MEUR in the quarter, in line with the second quarter last year. Collection revenues grew 15% to 193 MEUR compared to the second quarter 2023, with strong sales in all regions. In Recycling, revenues declined 15% to 57 MEUR compared to the second quarter 2023, in line with the estimated backlog conversion ratio for the quarter. In Food, the softer market sentiment led to a decline in revenues of