Revenues of 1076 MNOK (947 MNOK in fourth quarter 2007)

Operating profit of 136 MNOK (131 MNOK in fourth quarter 2007)

Gross margin 35% (37% in fourth quarter 2007)

Cash flow from operations of 255 MNOK (313 MNOK in fourth quarter 2007)

 

Revenues in the Collection Technology-Deposit segment equaled 524 MNOK in fourth quarter 2008, an increase of 4 percent from fourth quarter 2007. Adjusted for currency change, revenues were down 7 percent.

 

Total revenues for 2008 were 1725 MNOK, almost unchanged from 1731 MNOK in 2007. Adjusted for currency movement, revenues were down 1 percent.

 

Revenues within Material Handling in fourth quarter 2008 increased by 1 percent to 45.0 MUSD. Full-year revenues were down 1 percent measured in USD and 5 percent measured in NOK to 1,010 MNOK.

 

Gross margin in the quarter decreased to 13 percent from 22 percent in fourth quarter 2007, mainly due to lower aluminum and PET prices in California. Operating profit in the quarter decreased from 5.0 MUSD to 1.2 MUSD for the same reason.

 

Fourth quarter 2008 revenues amounted to 213 MNOK, an increase of 12 percent versus the same period in 2007. Total 2008 revenues were up 23 percent. Both for the quarter and for the year, TiTech was the main contributor to growth, but there was a strong performance from all companies in fourth quarter.

 

Operating profit in fourth quarter was 35 MNOK, compared to 24 MNOK in 2007. The 2007 figures were however negatively influenced by a write-off of goodwill and previously activated R&D cost related to the acquisition of Presona of 8 MNOK.

 

In fourth quarter 2008 TOMRA booked 29 MNOK in revenues in this segment compared to 10 MNOK in the same quarter in 2007. On a full year basis, revenues came in at 94 MNOK versus 48 MNOK in 2007. Although not yet satisfactory, profitability in 2008 improved significantly compared to 2007. Due to fewer product quality issues and a different product mix, gross contribution was positive and operating losses were reduced to 60 MNOK.

 

Asker, 19 February 2009

Tomra Systems ASA

 

Attached please find the report and presentation for 4th quarter 2008. 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.