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