Third Quarter 2010 Results
(Thomson Reuters ONE) -
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Revenues of 946 MNOK, up 15% from third quarter last year (currency adjusted).
Gross contribution of 42%, up from 38% in third quarter last year (currency
adjusted).
Operating profit before other items of 172 MNOK, up 46% from third quarter last
year (currency adjusted).
All time high operating margins in both IPT (21%) and Material handling (14%).
Accrued NOK 226 million for EU penalty. Decision to be appealed.
Strong cashflow from operations of 180 MNOK (194 MNOK in third quarter 2009).
Signed a EUR 70 million contract for reverse vending systems with European
retailer.
Collection technology
Revenues in the segment equaled 471 MNOK in the third quarter 2010, down from
494 MNOK in third quarter last year. After adjustment for currency change,
revenues were up 1%. Gross margin was 47%, flat from last year. Operating
expenses increased to 124 MNOK from 110 MNOK in third quarter 2009, due to
increased R&D and marketing activities, as well as the establishment of
operations in China.
Material handling
Revenues in the business area were 280 MNOK in third quarter 2010, up from 236
MNOK last year. In USD, revenues were up 18%. Gross margin was 26%, up from 13%
in the same period last year. The increase was a result of higher commodity
prices, reinstated handling fees and efficiency gains in California.
Industrial processing technology
Revenues in the quarter increased to 195 MNOK from 126 MNOK last year. This
represents a 55% increase, driven by significant increased activity in both
TiTech and Orwak.
Adjusted for currency change and the divestment of Presona (sold in second
quarter 2010), revenues were up 76%. Gross margin maintained stable at 52%, but
operating margin increased from 8% in third quarter 2009 to 21% in third quarter
2010 due to higher volumes. Compared to last year, order intake improved in both
companies and the order book in the segment increased from 134 MNOK at the end
of third quarter 2009 to 186 MNOK at the end of third quarter 2010.
Asker, 19 October 2010
Tomra Systems ASA
Attached please find the report and presentation for 3(rd) 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#1452849]
Presentation of 3rd Quarter:
http://hugin.info/162/R/1452849/393555.pdf
3rd quarter 2010:
http://hugin.info/162/R/1452849/393554.pdf
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(i) the releases contained herein are protected by copyright and
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Tomra Systems ASA via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2010 - 07:45 Uhr
Sprache: Deutsch
News-ID 45872
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contact information:
Town:
Asker
Kategorie:
Business News
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"Third Quarter 2010 Results"
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