Revenues of 754 MNOK (791 MNOK in first quarter 2008).

Operating expenses of 222 MNOK (224 MNOK in first quarter 2008).

Operating profit of 51 MNOK (83 MNOK in first quarter 2008).

Pretax profit of 116 MNOK (79 MNOK in first quarter 2008)     

 

Revenue in the segment equaled 412 MNOK in the first quarter, versus 372 MNOK in the first quarter last year. After adjusting for currency changes, organic revenue growth was minus 2 percent.

 

Gross margin improved and was up to 49 percent in first quarter 2009, from 47 percent in first quarter last year, mainly due to stronger EUR and USD vs. NOK.

 

Revenues in the first quarter were up by 9 percent versus first quarter last year measured in NOK. Measured in USD, revenues were down 16 percent.

 

Gross margin decreased from 15 percent in the first quarter last year to 6 percent this year. Operating profit decreased from 6 MNOK last year to a loss of 18 MNOK this year, mainly due to lower aluminum and PET prices in California.

 

Revenues in the first quarter 2009 amounted to 107 MNOK compared to 195 MNOK in first quarter last year. Revenues were significantly down in all three units within the segment.  

 

Gross margin was stable at 50 percent, not influenced by lower volumes.

 

Revenues in the first quarter amounted to 19 MNOK, mainly coming from the installation of 7 ARCs at Tesco. Gross margin was 16 % compared to 20 % in first quarter 2008. Operating expenses were 13 MNOK, down from 21 MNOK in first quarter 2008.

 

 

Asker, 21 April 2009

Tomra Systems ASA

 

 

Attached please find the report and presentation for 1st quarter 2009. A live broadcast of the presentation is available on www.tomra.com (investor relation page) and on www.oslobors.no/ob/webcast. A record of the broadcast will be available as soon as the live broadcast has ended.