TOMRA: Strong Organic Growth in Sorting and Collection

Revenues in the first quarter 2018 amounted to 1,754 MNOK up from 1,564 MNOK in first quarter last year, representing a growth of 12%. Organic, currency adjusted revenues were up 10% for the group, 5% in TOMRA Collection Solutions and 17% in TOMRA Sorting Solutions. Gross margin was 41% in the quarter, a slight increase from 40% in first quarter 2017. Stable margins in TOMRA Collection Solutions and improved margins in TOMRA Sorting Solutions. Operating expenses increased to 580 MNOK in first quarter, up from 475 MNOK in first quarter last year. The increase related to higher activity,