Collection Technology - Deposit Solutions
Revenues equaled 625 MNOK in fourth quarter 2006,
an increase of 76 percent compared to 2005. Total
2006 revenues of 2,429 MNOK up 105 percent versus
2005. The main driver for both the quarterly and
full-year growth was increased sales to Germany.
The operating profit in the quarter came in at
123 MNOK versus 66 MNOK in 2005.
Revenues in fourth quarter 2006 increased by 37
percent to 41.6 MUSD. Total 2006 revenues were up
21 percent to 1,021 MNOK. The main drivers were
increased volumes and attractive commodity prices
in California. Operting profits increased from 5
MNOK in fourth quarter 2005 to 26 MNOK in 2006.
Industrial Processing Technology
Revenues in the quarter amounted to 155 MNOK, an
increase of 32 percent versus 2005. Total 2006
revenues were up 33 percent to 504 MNOK. Strong
organic growth in TiTech was the main reason for
the growth. Operating profits were up from 19
MNOK in fourth quarter 2005 to 24 MNOK in 2006.
Collection Technology - Non-Deposit Solutions
Change of main sub-supplier to the Tesco project
in the UK in November 2006 caused extra costs of
15 MNOK and delayed deliveries. A new main sub-
supplier has been appointed, and 7 centers had
been shipped by the end of 2006. TOMRA is on
track for delivery of ~90 centers in second and
third quarter 2007.
In Tokyo, TOMRA and Sumitomo Corporation now have
a total of approximately 50 reverse vending
machines installed in eight wards. The project
has attracted a lot of interest from Japanese
media and new products tailored to the Japanese
market are now being developed to accelerate
Asker, 13 February 2007
Tomra Systems ASA