TOMRA - Fourth Quarter 2006 results
Please find a short version of the quarterly report below. For more detailed information, please find links to the complete quarterly report and presentation at the end of the summary.
Revenues of 1,054 MNOK (+56 percent relative to 675 MNOK in fourth quarter 2005)
Operating profit of 135 MNOK (79 MNOK in fourth quarter 2005)
Cash flow from operations of 254 MNOK (131 MNOK in fourth quarter 2005)
Collection Technology - Deposit Solutions
Revenues equaled 625 MNOK in fourth quarter 2006, an increase of 76 percent compared to 2005. Total 2006 revenues of 2,429 MNOK up 105 percent versus 2005. The main driver for both the quarterly and full-year growth was increased sales to Germany. The operating profit in the quarter came in at 123 MNOK versus 66 MNOK in 2005.
Revenues in fourth quarter 2006 increased by 37 percent to 41.6 MUSD. Total 2006 revenues were up 21 percent to 1,021 MNOK. The main drivers were increased volumes and attractive commodity prices in California. Operting profits increased from 5 MNOK in fourth quarter 2005 to 26 MNOK in 2006.
Industrial Processing Technology
Revenues in the quarter amounted to 155 MNOK, an increase of 32 percent versus 2005. Total 2006 revenues were up 33 percent to 504 MNOK. Strong organic growth in TiTech was the main reason for the growth. Operating profits were up from 19 MNOK in fourth quarter 2005 to 24 MNOK in 2006.
Collection Technology - Non-Deposit Solutions
Change of main sub-supplier to the Tesco project in the UK in November 2006 caused extra costs of 15 MNOK and delayed deliveries. A new main sub-supplier has been appointed, and 7 centers had been shipped by the end of 2006. TOMRA is on track for delivery of ~90 centers in second and third quarter 2007.
In Tokyo, TOMRA and Sumitomo Corporation now have a total of approximately 50 reverse vending machines installed in eight wards. The project has attracted a lot of interest from Japanese media and new products tailored to the Japanese market are now being developed to accelerate sales.
For presentation of 4th quarter 2006 please use the following link:
For full report with tables of 4th quarter 2006, please use the following link:
To view the web cast live on internet, please use the following link:
A record of the broadcast will be available as soon as the live broadcast has ended.