Second Quarter 2010 Results
(Thomson Reuters ONE) -
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Improved Group performance:
Revenues of 15% (currency adjusted)
Operating margin up from 8% to 15% (currency adjusted)
Substantial growth and all time high order back log in Industrial processing
technology
Significantly improved performance in Material handling West Coast operations
Flat development in Collection technology, currency adjusted
Collection technology
Revenues in the segment equaled 446 MNOK in the second quarter, down from 473
MNOK in second quarter last year. After adjustment for currency change, revenues
were up 2 percent. Gross margin was 45%, compared to 46% last year. Operating
profit was 73 MNOK, down from 92 MNOK in second quarter 2009 (down from 78 MNOK
currency adjusted).
Material handling
Revenues in the business area were 41.1 MUSD in second quarter 2010, up from
34.9 MUSD last year. In USD, revenues were up 18%. Gross margin was 24%, up from
15% same period last year. Operating profit improved from 0.4 MUSD in second
quarter 2009 to 5.1 MUSD in second quarter 2010. The improved performance was
due to higher volumes on the East Coast and better margins/lower costs on the
West Coast.
Industrial processing technology
Revenues in the quarter increased to 178 MNOK from 118 MNOK last year. This
represents a 51 percent increase, mainly due to higher activity within TiTech.
Adjusted for currency change and the divestment of Presona, revenues were up 76
percent. Gross margin was 53% in second quarter 2010, unchanged from 2009. The
business area made an operating profit before other items of 34 MNOK in the
second quarter this year compared to a loss of 11 MNOK same period last year.
The rate of order intake has improved in both companies and the order book in
the segment increased from 162 MNOK to 216 MNOK during second quarter 2010,
which is an all time high.
Asker, 16 July 2010
Tomra Systems ASA
Attached please find the report and presentation for 2(nd) quarter 2010. A live
broadcast of the presentation is available on www.tomra.com (investor relation
page). A record of the broadcast will be available as soon as the live broadcast
has ended.
[HUG#1432182]
2nd quarter 2010: http://hugin.info/162/R/1432182/378437.pdf
Presentation of 2nd Quarter: http://hugin.info/162/R/1432182/378438.pdf
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originality of the information contained therein.
Source: Tomra Systems ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 16.07.2010 - 07:46 Uhr
Sprache: Deutsch
News-ID 24004
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contact information:
Town:
Asker
Kategorie:
Business News
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"Second Quarter 2010 Results"
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