Revenues of 861 MNOK (1068 MNOK in third quarter 2006)

Operating profit of 130 MNOK (194 MNOK in third quarter 2006)

Cash flow from operations of 83 MNOK (121 MNOK in third quarter 2006)

Organic growth adjusted for currency effects outside Germany of 17%

 

Revenues in the segment equaled 426 MNOK in third quarter 2007, a decrease of 34 percent versus last year as a result of lower machine sales to Germany. The gross margin is about to come back to pre-Germany levels, and was 45 percent in third quarter. Operating profit decreased from 146 MNOK in third quarter 2006 to 100 MNOK in 2007.

 

Revenues in the third quarter 2007 increased by 11 percent to 52.3 MUSD. The revenue increase measured in NOK was 2 percent or 301 million. The gross margin in third quarter 2007 was 22%, down from 24% last year. Operating profit in the quarter is flat in USD, but down 3 million measured in NOK.

 

Third quarter 2007 showed 128 MNOK in revenues, up 1 million from third quarter 2006.

The limited growth in the quarter was due to the timing of some large projects and a low order book at the start of the quarter. Last year's third quarter operating profit of 20 MNOK decreased to 14 MNOK in third quarter 2007. Costs in the segment increased because of higher activities within the recognitions and sorting business, in preparation for future growth.

 

In the third quarter 2007 TOMRA booked 6 MNOK in revenues in this segment compared to 0 MNOK in 2006. The loss in third quarter 2007 was 19 MNOK compared to 10 MNOK third quarter 2006. Financial performance is improving compared to second and first quarter this year.

 

 

 

 

 

 

 

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