Oct. 15, 2009 (Hugin AS) --
Strong performance in Collection Technology Deposit.
Improved performance and outlook in Industrial Processing Technology.
California negatively influenced by reduced handling fees.
Revenues of 856 MNOK (881 MNOK in third quarter 2008).Down 11% after
adjustment for currency change.
Operating expenses of 198 MNOK (223 MNOK in third quarter 2008). Down
7% after adjustment for currency change and one-time costs in 2008.
Operating profit of 132 MNOK (137 MNOK in third quarter 2008 after
exclusion of one-time charges).
Strong cashflow from operations of 194 MNOK (106 MNOK in third
quarter 2008).
Collection Technology - Deposit Solutions
Revenues in the segment equaled 481 MNOK in the third quarter, up
from 420 MNOK in third quarter last year. After adjusting for
currency change, revenues were up 8 percent. Gross margin increased
to 48% up from 45% last year, fueled by stronger USD and EUR as well
as increased operational efficiencies. Operating profit increased to
129 MNOK from 76 MNOK (91 MNOK before restructuring charges) in third
quarter 2008.
Materials Handling
Revenues in the business area were 236 MNOK in third quarter 2009,
down from 274 MNOK last year. In USD, revenues were down 25%. Gross
margin was 13%, down from 21% same period last year. The decrease was
a result of the impact of lower commodity prices as well as lower
handling fees in California.
Industrial Processing Technology
Revenues in the quarter decreased to 126 MNOK from 181 MNOK last
year. Revenues were down significantly in all three units within the
segment. Despite the challenging market conditions, gross margin
improved from 50% in third quarter 2008 to 53% in same period in
2009.
Order intake improved in all three companies and the order book in
the segment increased from 122 MNOK to 134 MNOK during third quarter
2009.
Collection Technology - Non-deposit Solutions
Revenues in third quarter 2009 amounted to 13 MNOK, mainly coming
from installation of ARCs and CITY machines at Tesco. Gross margin
was 23 percent compared to 33 percent in third quarter 2008.
Operating expenses were 9 MNOK, down from 24 MNOK in third quarter
2008. The business area had an operational loss of 6 MNOK in the
third quarter compared to a loss of 22 MNOK same period last year.
Asker, 15 October 2009
Tomra Systems ASA
Attached please find the report and presentation for 3rd quarter
2009. A live broadcast of the presentation is available on
www.tomra.com (investor relation page) and on www.opencompany.info. A
record of the broadcast will be available as soon as the live
broadcast has ended.
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
http://hugin.info/162/R/1347859/324211.pdf
http://hugin.info/162/R/1347859/324214.pdf
