Q1 2019 Tomra Systems ASA Earnings Presentation Transcript
Good morning, ladies and gentlemen, my name is Stefan Ranstrand. I'm presenting together with Espen Gundersen and Bing, TOMRA's First Quarter Results 2019, out of the Asker office in Norway.
The first quarter was a good quarter. We experienced continuous good market momentum and resulting in a revenues growth of 19%. The gross margins were slightly up, predominantly driven by the product mix and a strong recycling growth. We are continuing to investing in growth-related initiatives in both businesses, both Collection and in Sorting, resulting net operating expenses are increasing.
In the period, we are pleased to see growth in earnings, EBITDA of 46%. We have solid cash flow generation in the
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