Collection Technology - Deposit Solutions
Revenues equaled 372 MNOK first quarter 2007, a
decrease of 26 percent compared to first quarter
2006 due to lower machine sales to Germany. TOMRA
installed 450 new machines in Germany in the first
quarter 2007 compared to 2,000 machines in the
first quarter last year. In early April the
company received two extension orders for a total
of 800 new machines. These machines will most
likely be delivered in second half 2007. The
operating profit in the quarter came in at 57 MNOK
versus 116 MNOK in 2006.
Materials Handling
Revenues in first quarter 2007 increased by 20
percent to 39.0 MUSD. The gross margin decreased
from 20 percent to 17 percent due to unfavorable
revenue mix on the US East Cost. Operating profit
decreased from 14 MNOK in first quarter 2006 to 13
MNOK in first quarter 2007.
Industrial Processing Technology
First quarter 2007 showed year-over-year growth in
revenues of 63 percent, ending at 163 MNOK. Growth
was primarily driven by strong momentum in TiTech
and the inclusion of CommoDaS. Last year`s
operating profit of 13 MNOK increased to a profit
of 31 MNOK.
Collection Technology - Non-Deposit Solutions
In the first quarter 2007 TOMRA booked 16 MNOK in
revenues in this segment compared to 1 MNOK in
2006. The increase is due to the recycling centers
being installed at Tesco stores in the UK. Costs
related to the roll-out of these centers are the
main reason for a negative gross margin and high
operational expenses.
Asker, 17 April 2007
Tomra Systems ASA