Revenues equaled 656 MNOK in second quarter 2006,
up 136 percent versus last year. Year-to date
revenues are up 120 percent. Increased sales in
Germany is the main reason for the growth in
revenues. The operating profit in the quarter
came in at 179 MNOK versus last year`s loss of 20
Revenues amounted to 570 MNOK in second quarter
2006, up 206 percent versus second quarter 2005.
In Germany TOMRA installed ~2400 new machines and
upgraded 600 existing machines during the second
US East & Canada
Revenues equaled 13.8 MUSD in second quarter
2006, down 5 percent compared to second quarter
2005. Year-to-date revenues are up 2 percent
measured in USD and 4 percent measured in NOK.
Revenues in second quarter 2006 increased by 16
percent to 38.5 MUSD. Year-to-date revenues are
up 13 percent measured in USD and 15 percent
measured in NOK. The main driver is increased
volumes in California. Although gross margin and
operating profit are lower in second quarter 2006
versus last year, the underlying performance is
stronger this year as 2005 numbers were
positively impacted by one-time supplemental
processing fees in California.
Industrial Processing Technology
Revenues amounted to 122 MNOK, an increase of 21
percent versus 2005. Year-to-date revenues are up
33 percent. Gross margins are fairly stable and
increased revenues do not trigger corresponding
increases in operating expenses. Therefore
operating profits are up from 12 MNOK in second
quarter 2005 to 22 MNOK this year.
Revenues from this segment during second quarter
2006 amounted to 2 MNOK. Overall costs were
reduced from 30 MNOK last year to 12 MNOK this
year. The second quarter 2006 marked the final
breakthrough for TOMRA`s collection technology in
markets without deposit on beverage containers.
In May 2006 TOMRA and Sumitomo Corporation signed
a partnership agreement. Under the agreement
TOMRA and Sumitomo will commit joint resources to
a project aiming at installing 100 reverse
vending machines in the Tokyo area before June
2007. 8 machines were installed in the second
quarter of 2006 and in early July TOMRA and
Sumitomo received an order for 15 machines from
TRC pilot in the UK
On 2 June 2006 Tesco Plc placed an order for 100
Tomra Recycling Centers (TRC). The order is worth
approximately 100 MNOK. 15 centers will be
delivered during 2006, the remaining 85 centers
during second and third quarter 2007.
A privately owned company will put in place more
than 70 recycling centers using TOMRA technology.
The initial potential for TOMRA is 210 RVMs
delivered in 3 batches during 2006/2007. The
first 39 machines have already been shipped and
will most likely be installed in autumn 2006.