First Quarter 2010 Results
(Thomson Reuters ONE) -
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Steady performance in Collection Technology, currency adjusted.
Continued improved performance and strong order inflow in Industrial Processing
Technology.
Significantly improved performance within Material Handling West Coast
operations .
Revenues of 731 MNOK (754 MNOK in first quarter 2009). Up 6% after adjustment
for currency change.
Gross margin increased to 40% (36% in first quarter 2009).
Operating expenses of 209 MNOK (222 MNOK in first quarter 2009). Unchanged after
adjustment for currency.
Operating profit of 85 MNOK (51 MNOK in first quarter 2009). Up 127% adjusted
for currency.
Cashflow from operations of 109 MNOK (4 MNOK in first quarter 2009).
Collection Technology
Revenues in the segment were 395 MNOK in the first quarter, down from 431 MNOK
in first quarter 2009. After adjustment for currency change, revenues were flat.
Gross margin remained unchanged at 48%. Operating expenses amounted to 123 MNOK,
similar to first quarter 2009, but up 5% adjusted for currency change.
Materials Handling
Revenues in the business area were 205 MNOK in first quarter 2010, down from
216 MNOK last year. In USD, revenues were up 5%. Gross margin was 19%, up from
6% in first quarter 2009. An operating loss of 18 MNOK in first quarter 2009 was
turned into a 14 MNOK operating profit first quarter 2010, as consequence of
reinstated handlingfees and higher aluminiumprices in California
Industrial Processing Technology
Revenues in the quarter increased to 131 MNOK from 107 MNOK last year, mainly
due to higher activity within TiTech. This represents a 30% increase compared to
same quarter in 2009, currency adjusted.
Order intake improved during the quarter and the order book was 162 MNOK at the
end of first quarter 2010, up from 130 MNOK at the end of 2009. As a result of
higher revenues, a loss of 9 MNOK in first quarter 2009 was turned into 9 MNOK
profit in first quarter 2010.
Asker, 21 April 2010
Tomra Systems ASA
Attached please find the report and presentation for 1(st) quarter 2010. A live
broadcast of the presentation is available on www.tomra.com
be available as soon as the live broadcast has ended.
[HUG#1406108]
Presentation of 1st Quarter: http://hugin.info/162/R/1406108/359740.pdf
1st quarter 2010: http://hugin.info/162/R/1406108/359739.pdf
Unternehmensinformation / Kurzprofil:
Datum: 21.04.2010 - 07:46 Uhr
Sprache: Deutsch
News-ID 19381
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contact information:
Town:
Asker
Kategorie:
Business News
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"First Quarter 2010 Results"
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