TOMRA: 4Q Interim Results 2018 - Strong performance in both Collection and Sorting
Revenues in the fourth quarter 2018 ended at 2,467 MNOK, up 21% from 2,041 MNOK in fourth quarter last year. Organic, currency adjusted revenues were up 15% for the group, 14% for Tomra Collection Solutions and 17% for Tomra Sorting Solutions.
Gross margin was 43% in the quarter, unchanged compared to fourth quarter 2017, reflecting stable margins in both Tomra Collection Solutions and Tomra Sorting Solutions.
Operating expenses amounted to 653 MNOK in the quarter, an increase from 574 MNOK in fourth quarter last year. The increase was due to high business activity, ramp-up costs in