TOMRA: 2Q 2019 - Sound performance in both Collection and Sorting
The second quarter 2019 was a robust quarter, fueled by strong momentum in Recycling for TOMRA Sorting Solutions and growth in newly entered deposit markets for TOMRA Collection Solutions. Revenues in the second quarter 2019 amounted to 2,318 MNOK up from 2,128 MNOK in second quarter last year, representing a growth of 8%. Organic, currency adjusted revenues were up 6% for the group, stable for TOMRA Collection Solutions and 11% for TOMRA Sorting Solutions. Gross margin was 45% in the quarter, up from 43% in second quarter 2018, due to improved margins for both TOMRA Collection