TOMRA: 3Q 2020 - Solid development in third quarter
Third quarter 2020 marked a return to normal despite the headwind brought about by the COVID-19 pandemic. The essential nature of the markets that TOMRA serves is a strength, while technology continues to be a success factor for our customers. Revenues in the third quarter 2020 amounted to 2,578 MNOK compared to 2,378 MNOK in third quarter last year. Currency adjusted revenues were up 3% for TOMRA Group. Revenues were down 1% in TOMRA Collection Solutions and up 7% in TOMRA Sorting Solutions, currency adjusted. Gross margin was 46% in the quarter, up from 45% in third quarter 2019,