TOMRA: Continued Strong Performance in Q2
Revenues in the second quarter 2016 amounted to 1,769 MNOK compared to 1,472 MNOK in second quarter last year. Revenues in TOMRA Collection increased by 27% (up 18% currency adjusted), while revenues in TOMRA Sorting were up 10% (up 2% currency adjusted). Gross margin was 43% in the quarter, up from 42% in the corresponding period last year, explained by slightly higher margins in TOMRA Collection (from product mix). Operating expenses increased from 382 MNOK in second quarter 2018 to 439 MNOK in second quarter 2016, up 7% currency adjusted. EBITA was 319 MNOK in second quarter