Revenues of 947 MNOK (1054 MNOK in fourth quarter 2006)

Operating profit of 131 MNOK (135 MNOK in fourth quarter 2006)

Gross margin increased to 37 percent (33 percent in fourth quarter 2006)

Cash flow from operations of 313 MNOK (254 MNOK in fourth quarter 2006)

Organic growth outside Germany of 18 percent compared to fourth quarter 2006

Collection Technology - Deposit Solutions

Revenues in the segment equaled 503 MNOK in fourth quarter 2007, a decrease of 20 percent versus last year as a result of lower machine sales to Germany. Operating profit decreased from 123 MNOK in fourth quarter 2006 to 102 MNOK in fourth quarter 2007.

 

Revenues in the fourth quarter 2007 increased by 8 percent to 45.0 MUSD. The gross margin in fourth quarter 2007 increased to 23 percent, up from 22 percent in fourth quarter 2006. The growth is driven by higher activities in California.

 

Fourth quarter 2007 showed 190 MNOK in revenues, an increase of 23 percent compared to the same period in 2006. 2007 total revenue growth was 28 percent compared to 2006. Operating expenses increased from 48 MNOK in fourth quarter 2006 to 65 MNOK in fourth quarter 2007. An 8 MNOK write-off related to capitalized goodwill and R/D expenses is included in the expenses.

 

In the fourth quarter 2007 TOMRA booked 10 MNOK in revenues in this segment compared to 8 MNOK in fourth quarter 2006. The loss in fourth quarter 2007 was 18 MNOK compared to 34 MNOK fourth quarter 2006. The financial performance in the quarter reflects investments in new technology, low volumes as well as establishment of organizations in new markets.

 

The board proposes a NOK 0.45 dividend per share, up from NOK 0.40 per share last year. The Board will also propose a new 15 million share buy-back program to be established.

 

Asker, 20 February 2008

Tomra Systems ASA

 

 

Attached please find the report and presentation for 4th quarter 2007. 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