TOMRA: STABLE IN COLLECTION AND HEALTHY BACKLOG DEVELOPMENT IN SORTING
(Thomson Reuters ONE) -
THIRD QUARTER 2012
RESULTS ANNOUNCEMENT
Stable in Collection Solutions and healthy backlog development in Sorting
Solutions
Revenues in the third quarter 2012 amounted to 1,101 MNOK compared to 1,019 MNOK
in third quarter last year. Gross margin was 44.5% in the quarter, up from
43.2% in the corresponding period last year, primarily driven by better margins
in Collection Solutions.
Operating expenses increased from 236 MNOK in third quarter 2011 to 295 MNOK in
third quarter 2012. This is explained by the ongoing geographic expansion in
TOMRA Sorting, as well as the integration of BEST.
EBITA was 195 MNOK in third quarter 2012 versus 205 MNOK in the third quarter
2011.
Collection Solutions: Continued good cost control
Adjusted for one-time Dutch order in 3Q2011, performance is stable. Continued
focus upon reducing cost of goods sold has improved the gross margin, increasing
from 40% to 42% compared to 3Q11
"We are on track with the COGS reduction program in Collection Solutions. As a
result we continue to see a healthy upward trend in gross margins. It is
challenging to create topline dynamics in Collection Solutions without new
legislative changes on deposit schemes or larger orders, hence it remains
important to deliver on cost while we wait for new markets to open up", comments
Ranstrand.
Sorting Solutions: ODENBERG and BEST synergies already proven
Revenues in Sorting Solutions increased by 68% and Sorting Solutions came out of
the quarter with a strong backlog. This was primarily driven by the acquisition
of Best Kwadraat NV (BEST)
The integration of BEST is progressing as planned.
Already this quarter the immediate sales synergies for ODENBERG and BEST became
visible. Through combining forces on the sales side, the wider product offering
enabled TOMRA to secure a USD 18.5m contract with a large US client. The order
was for optical sorting and peeling equipment to be used at a new high capacity
food processing plant in the US. Delivery is estimated to start Q4 2012 and
continue into 2013. The solutions will be used for the processing of both French
fries and associated products at the new plant. TOMRA's broad product offering
was a decisive factor for the client when choosing supplier.
"In the current economic climate where we now see a somewhat slower order intake
in Recycling and Mining, we believe we have made a good transition through
acquisitions by expanding into Food. Food have proved to be a more market
resilient segment, and in the quarter food contributed to almost 2/3 of the
total revenues within Sorting", comments Ranstrand.
For questions, please contact:
Deputy CEO/CFO Espen Gundersen +47 66 79 92 42 / +47 97 68 73 01
Asker, 19 October 2012
TOMRA Systems ASA
Webcast link: http://dl.webcast.no/tomra/q3_2012.html
Webcast is also available on our webpage www.tomra.com
We will open up for Q&A after the presentation
TOMRA was founded on an innovation in 1972 that began with design, manufacturing
and sale of reverse vending machines (RVMs) for automated collection of used
beverage containers. Today TOMRA has installations in over 80 markets worldwide
and had total revenues of ~3.7 billion NOK in 2011. TOMRA has around 2,200
employees and is publicly listed on the Oslo Stock Exchange. The TOMRA Group
continues to innovate and provide cutting-edge solutions for optimal resource
productivity within two main business areas: Collection Solutions (reverse
vending, material recovery and compaction) and Sorting Solutions (recycling,
mining and food sorting).For further information about TOMRA, please see
www.tomra.com
Pressrelease:
http://hugin.info/162/R/1650491/532248.pdf
3rd quarter 2012:
http://hugin.info/162/R/1650491/532247.pdf
Presentation of 3rd Quarter:
http://hugin.info/162/R/1650491/532281.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tomra Systems ASA via Thomson Reuters ONE
[HUG#1650491]
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2012 - 07:30 Uhr
Sprache: Deutsch
News-ID 194148
Anzahl Zeichen: 5095
contact information:
Town:
Asker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 159 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TOMRA: STABLE IN COLLECTION AND HEALTHY BACKLOG DEVELOPMENT IN SORTING"
steht unter der journalistisch-redaktionellen Verantwortung von
Tomra Systems ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
