Collection Technology - Deposit Solutions
Revenues in the segment equaled 430 MNOK in second
quarter 2007, a decrease of 34 percent versus last
year as a result of lower machine sales to
Gross margin equaled 44 percent, which is the same
as last year. Operating profit decreased from 179
MNOK in second quarter 2006 to 86 MNOK in 2007.
Revenues in the second quarter 2007 increased by
percent to 45.7 MUSD. Measured in NOK, revenues
increased by 14 percent to 275 million. The gross
margin was stable at 21%. The segment recovered
from a somewhat weaker performance in first
2007, and has gained momentum with margins in line
with last year.
Industrial Processing Technology
Second quarter 2007 showed year-over-year growth
revenues of 36 percent. Growth was driven by
momentum in TiTech and the inclusion of CommoDaS.
Adjusted for the CommoDaS acquisition, organic
revenue growth was 15 percent. Last year`s second
quarter operating profit of 22 MNOK increased to
MNOK in second quarter 2007.
Collection Technology - Non-Deposit Solutions
In the second quarter 2007 TOMRA booked 16 MNOK in
revenues in this segment compared to 2 MNOK in
2006. The loss in second quarter increased from 13
MNOK in 2006 to 29 MNOK in 2007. The major part of
the increased loss is related to our activities in
UK. In addition spending has increased in other
markets as well. This is due to increased market
interest for TOMRA technology solutions.
Asker, 12 July 2007
Tomra Systems ASA