Revenues of 794 MNOK (-3 percent relative to 822 MNOK in first quarter 2006)

Operating profit of 73 MNOK (123 MNOK in first quarter 2006)

Cash flow from operations of 30 MNOK (36 MNOK in first quarter 2006)

 

Revenues equaled 372 MNOK first quarter 2007, a decrease of 26 percent compared to first quarter 2006 due to lower machine sales to Germany. TOMRA installed 450 new machines in Germany in the first quarter 2007 compared to 2,000 machines in the first quarter last year. In early April the company received two extension orders for a total of 800 new machines. These machines will most likely be delivered in second half 2007. The operating profit in the quarter came in at 57 MNOK versus 116 MNOK in 2006.

 

Revenues in first quarter 2007 increased by 20 percent to 39.0 MUSD. The gross margin decreased from 20 percent to 17 percent due to unfavorable revenue mix on the US East Cost. Operating profit decreased from 14 MNOK in first quarter 2006 to 13 MNOK in first quarter 2007.

 

First quarter 2007 showed year-over-year growth in revenues of 63 percent, ending at 163 MNOK. Growth was primarily driven by strong momentum in TiTech and the inclusion of CommoDaS. Last year's operating profit of 13 MNOK increased to a profit of 31 MNOK.

 

In the first quarter 2007 TOMRA booked 16 MNOK in revenues in this segment compared to 1 MNOK in 2006. The increase is due to the recycling centers being installed at Tesco stores in the UK. Costs related to the roll-out of these centers are the main reason for a negative gross margin and high operational expenses.

 

 

 

 

For full report with tables of  1st quarter 2007, please use the following link:

 

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