Fourth Quarter 2009 Results
(Thomson Reuters ONE) -
Solid performance in Collection Technology.
Continued improved performance and order inflow in Industrial Processing
Technology.
California adversely affected by reduced handling fees.
Non Deposit break even by end of 2009.
Restructuring charges and other one-time costs of 95 MNOK.
Revenues of 893 MNOK (1076 MNOK in fourth quarter 2008). Down 8% after
adjustment for currency change.
Operating expenses of 196 MNOK before restructuring and one-time charges (244
MNOK in fourth quarter 2008). Down 15% after adjustment for currency.
Operating profit of 124 MNOK before restructuring and one-time charges (136 MNOK
in fourth quarter 2008), flat after adjustment for currency.
Strong cashflow from operations of 235 MNOK (255 MNOK in fourth quarter 2008).
Collection Technology - Deposit Solutions
Revenues in the segment were 508 MNOK in the fourth quarter, down from 553 MNOK
in fourth quarter 2008. After adjustment for currency change, revenues were
flat. Gross margin decreased from 42% in fourth quarter 2008 to 38% in fourth
quarter 2009.
Excluding the 19 MNOK write-down of machine parts in US, margins were stable.
Past restructuring efforts continued to pay off, with 18% reduction in operating
expenses compared to fourth quarter 2008.
Materials Handling
Revenues in the business area were 177 MNOK in fourth quarter 2009, down from
310 MNOK last year. In USD, revenues were down 32%. Gross margin was 3%, down
from 13% in fourth quarter 2008. The decrease was a result of lower volumes in
both regions, and lower handling fees in California.
Industrial Processing Technology
Revenues in the quarter decreased to 199 MNOK from 213 MNOK last year. Revenues
were slightly down in all three units within the segment. But compared to the
first three quarters of 2009, fourth quarter 2009 was strong, with revenues 69%
above the average of the previous three quarters.
Order intake improved during the quarter and the order book was 130 MNOK at the
end of fourth quarter 2009, up from 102 MNOK at the end of fourth quarter 2008.
Asker, 19 February 2010
Tomra Systems ASA
Attached please find the report and presentation for 4(th) quarter 2009. A live
broadcast of the presentation is available on www.tomra.com
be available as soon as the live broadcast has ended.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1386373]
Presentation of 4th Quarter: http://hugin.info/162/R/1386373/345010.pdf
4th quarter 2009: http://hugin.info/162/R/1386373/345009.pdf
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Datum: 19.02.2010 - 01:48 Uhr
Sprache: Deutsch
News-ID 1010606
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