TOMRA: 4TH QUARTER 2016 RESULTS ANNOUNCEMENT
Q4: Another Solid Quarter Revenues in the fourth quarter 2016 amounted to 1,766 MNOK compared to 1,816 MNOK in fourth quarter last year. Currency adjusted revenues were down 7% in TOMRA Collection Solutions and up 11% in TOMRA Sorting Solutions. Gross margin was 42% in the quarter, up from 41% same period last year, with slightly improved margins in both Collection Solutions and Sorting Solutions. EBITA was 316 MNOK in fourth quarter 2016 versus 347 MNOK in the fourth quarter 2015. Cash flow from operations in fourth quarter 2016 equaled 390 MNOK, up from 343 MNOK in fourth