We see great potentials to benefit from the legislative framework by pursuing our strategy on the circular economy and developing a sustainable business model. Operating expenses amounted to MNOK, up from MNOK last year, mainly due to currencies and cost related to the preparation for new deposit markets.
Both markets have enjoyed good throughput volumes through the summer season, contributing to the year-over-year growth in Collection Solutions.
The order intake improved in Recycling year-over year with both revenues and order backlog significantly up compared to same period last year. TOMRA was founded on an innovation in that began with design, manufacturing and sale of reverse vending machines RVMs for automated collection of used beverage containers.
Today TOMRA provides technology-led solutions that enable the circular economy with advanced collection and sorting systems that optimize resource recovery and minimize waste in the food, recycling and mining industries. TOMRA has ~, installations in over 80 markets worldwide and had total revenues of ~8.
The Group employs ~4, globally and tomra single publicly listed on the Oslo Stock Exchange.