The business segments used in TOMRA`s external
reporting will be renamed to better reflect the
content of each segment. There will be no changes
as to how revenues and costs are allocated. The
new segment names are:
- Collection Technology (previously RVM
- Materials Handling (previously Collection and
- Industrial Processing Technology (previously
- Development Initiatives (previously Other non-
Revenues equaled 503 MNOK in first quarter 2006,
an increase of 101 percent versus last year.
Gross margin equaled 44 percent, down from 49
percent last year. Operating profit increased to
116 MNOK in first quarter 2006 against 31 MNOK in
2005. Strong performance in Germany, Holland and
the US was the main reason for the improvements.
Revenues amounted to 409 MNOK in first quarter
2006, up 142 percent versus first quarter 2005.
In Germany, TOMRA has so far received orders for
approximately 9,400 RVMs. Almost 5,400 of these
RVMs were ordered during first quarter 2006. In
the same period, TOMRA installed 1,300 new
machines and upgraded 700 existing machines.
US East & Canada
Revenues equaled 14.0 MUSD in first quarter 2006,
up 9 percent from first quarter 2005. Measured in
NOK, revenues increased by 16 percent to 94 MNOK.
Revenues in first quarter 2006 increased by 9
percent to 32.6 MUSD. Measured in NOK, revenues
were 218 million. Both the gross and operating
margin improved in first quarter 2006 compared to
Industrial Processing Technology
Performance improved considerably compared to
last year. Revenues equaled 100 MNOK, up 52
percent versus first quarter 2005. Last year`s
operating loss of 9 MNOK changed to a profit of
Revenues from this segment during first quarter
2006 amounted to 1 MNOK. Overall costs related to
development activities are at the same level as
TOMRA installed 10 RVMs in Japan in first quarter
2006. Discussions with wards in Tokyo for further
installations in 2006 are ongoing. TOMRA is
currently negotiating a partnership agreement
with Sumitomo Corporation.
TRC pilot in the UK
TESCO is evaluating an expansion of the TRC
progam in the UK. In the fourth quarter 2005
presentation, TOMRA stated that a decision was
expected during the first quarter this year.
However, no formal contract has yet been signed -
the discussions continue.