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TOMRA Systems Earnings Release 2010

Apr 21, 2010

3775_rns_2010-04-21_4bc21790-a474-483b-bf15-54ea190d0579.html

Earnings Release

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First Quarter 2010 Results

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

Steady performance in Collection Technology, currency adjusted.

Continued improved performance and strong order inflow in Industrial Processing

Technology.

Significantly improved performance within Material Handling West Coast

operations .

Revenues of 731 MNOK (754 MNOK in first quarter 2009). Up 6% after adjustment

for currency change.

Gross margin increased to 40% (36% in first quarter 2009).

Operating expenses of 209 MNOK (222 MNOK in first quarter 2009). Unchanged after

adjustment for currency.

Operating profit of 85 MNOK (51 MNOK in first quarter 2009). Up 127% adjusted

for currency.

Cashflow from operations of 109 MNOK (4 MNOK in first quarter 2009).

Collection Technology

Revenues in the segment were 395 MNOK in the first quarter, down from 431 MNOK

in first quarter 2009. After adjustment for currency change, revenues were flat.

Gross margin remained unchanged at 48%. Operating expenses amounted to 123 MNOK,

similar to first quarter 2009, but up 5% adjusted for currency change.

Materials Handling

Revenues in the business area were 205 MNOK in first quarter 2010, down from

216 MNOK last year. In USD, revenues were up 5%. Gross margin was 19%, up from

6% in first quarter 2009. An operating loss of 18 MNOK in first quarter 2009 was

turned into a 14 MNOK operating profit first quarter 2010, as consequence of

reinstated handlingfees and higher aluminiumprices in California

Industrial Processing Technology

Revenues in the quarter increased to 131 MNOK from 107 MNOK last year, mainly

due to higher activity within TiTech. This represents a 30% increase compared to

same quarter in 2009, currency adjusted.

Order intake improved during the quarter and the order book was 162 MNOK at the

end of first quarter 2010, up from 130 MNOK at the end of 2009. As a result of

higher revenues, a loss of 9 MNOK in first quarter 2009 was turned into 9 MNOK

profit in first quarter 2010.

Asker, 21 April 2010

Tomra Systems ASA

Attached please find the report and presentation for 1(st) quarter 2010. A live

broadcast of the presentation is available on www.tomra.com

(investor relation page). A record of the broadcast will

be available as soon as the live broadcast has ended.

[HUG#1406108]