Oct 22, 2020 / 06:00AM GMT
Presentation
Oct 22, 2020 / 06:00AM GMT
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Corporate Participants
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* Espen Gundersen
Tomra Systems ASA - Deputy CEO & CFO
* Stefan Ranstrand
Tomra Systems ASA - President & CEO
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Stefan Ranstrand - Tomra Systems ASA - President & CEO
Good morning, ladies and gentlemen, from Asker in Norway. My name is Stefan Ranstrand. I'm the President and CEO of the TOMRA Group. Next to me is Espen Gundersen. Our CFO.
Today, we are having the pleasure to report our third quarter 2020 results.
Highlights from the quarter. A strong quarter, the best ever, both in terms of revenues and earnings. Our revenues for the group grew with 3% and ended at NOK 2.6 billion. We had an increase in Sorting Solutions, while slight down in Collection Solutions, almost flat here.
Improving gross margins. Good control of operating expenses together contributed to that earnings growth to NOK 500 million. Cash flow is fairly similar to last year. So that's the result part
Q3 2020 Tomra Systems ASA Earnings Presentation Transcript
Feb 15, 2024
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