Revenues of 791 MNOK (794 MNOK in first quarter 2007).

Organic revenue growth of 8% in first quarter 2008 compared to first quarter 2007 (disregarding currency effects).

Gross margin increased to 39% (36% in first quarter 2007).

Operating profit of 83 MNOK (73 MNOK in first quarter 2007).

Operating profit growth of 20% in first quarter 2008 compared to first quarter 2007 (disregarding currency effects).

Cash flow from operations of 22 MNOK (30 MNOK in first quarter 2007).

Strong performance in Nordic RVM markets continued.

Weak start in Materials Handling in January & February 2008.

Strong growth and performance in Industrial Processing Technology continued.

 

Revenue in the segment equaled 372 MNOK in the first quarter, flat from first quarter last year. Gross margin improvement continued and was 47%, up from 43% in first quarter last year.

 

Revenues in the first quarter were down by 18% versus first quarter last year, of which 14 percentage points were due to currency change. Gross margin decreased from 17% last year to 15% this year.

 

First quarter 2008 showed a year on year revenue growth of 20%. Revenue growth was driven by solid performance in all companies. A gross margin of above 50% and a revenue growth of 20% reflect a strong market position. Operating profit increased from 31 MNOK last year to 37 MNOK this year.

 

Revenues in the first quarter amounted to 25 MNOK, mainly coming from the installation of 15 ARCs at Tesco. Through continued efforts to optimize technology and cost, the business area now shows a gross margin of 20% compared with negative margins for the last two years.

 

 

Asker, 23 April 2008

Tomra Systems ASA

 

 

Attached please find the report and presentation for 1st quarter 2008. A live broadcast of the presentation is available on www.tomra.com (investor relation page) and on www.oslobors.no/webcast. A record of the broadcast will be available as soon as the live broadcast has ended.