TOMRA: 4Q 2020 - Growth in fourth quarter and sound end of the year
TOMRA ended the year 2020 with solid cash generation and strong performance 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 fourth quarter 2020 amounted to 2,742 MNOK compared to 2,569 MNOK in fourth quarter last year. Currency adjusted revenues were up 4% for TOMRA Group. Revenues were up 10% in TOMRA Collection Solutions, up 3% in TOMRA Recycling Mining and down 5% in TOMRA Food. Gross margin was 45% in the quarter, up