Investor Relations
Share this page

THIRD QUARTER 2006 RESULTS

17 October 2006

Collection Technology Revenues equaled 645 MNOK in third quarter 2006, an increase of 116 percent versus last year. Year- to date revenues are up 118 percent. The main driver for both the quarterly and year-to-date growth is increased sales to Germany. The operating profit in the quarter came in at 146 MNOK versus 40 MNOK last year. Europe Revenues amounted to 541 MNOK in third quarter 2006, up 169 percent versus last year. In Germany TOMRA installed ~2,150 new machines and upgraded 150 existing machines during the quarter. US East & Canada Revenues equaled 16.4 MUSD in third quarter 2006, up 9 percent compared to last year. Year-to-date revenues are up 4 percent measured in USD and 5 percent measured in NOK. Materials Handling Revenues in third quarter 2006 increased by 21 percent to 46.6 MUSD. Year-to-date revenues are up 16 percent measured in USD and 17 percent measured in NOK. The main driver is increased volumes and attractive commodity prices in California. Operting profits increased from 32 MNOK in third quarter last year to 42 MNOK this year. Industrial Processing Technology Revenues in the quarter amounted to 127 MNOK, an increase of 34 percent versus 2005. Year-to-date revenues are up 33 percent. Strong organic growth in TiTech is the main reason for the increased revenues. Operating profits were up from 15 MNOK in third quarter 2005 to 20 MNOK this year. Development initiatives UK TOMRA and TESCO continue to work together on the roll-out of 100 TOMRA recycling centers ordered in June. Installation sites have been defined and production of the first centers initiated. The first center will be installed end of October/beginning of November Japan The total number of TOMRA installations in Japan is 125. In Tokyo, TOMRA and Sumitomo Corporation now have a total of 27 reverse vending machines installed in six wards. Several machines will be installed in October and during the remainder of the year. Greece As commented in the second quarter report, TOMRA has received and order from Greece for a minimum of 210 RVMs. The order has been placed by a private company in Greece, and the machines will be installed in Athens. The first centers with TOMRA machines were opened in August this year. Asker, 17 October 2006 Tomra Systems ASA