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TOMRA Systems Earnings Release 2010

Jul 16, 2010

3775_rns_2010-07-16_c5b365ab-f92c-42be-851e-88e443c98b57.html

Earnings Release

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Second Quarter 2010 Results

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

(Norwegian Securities Trading Act)

Improved Group performance:

Revenues of 15% (currency adjusted)

Operating margin up from 8% to 15% (currency adjusted)

Substantial growth and all time high order back log in Industrial processing

technology

Significantly improved performance in Material handling West Coast operations

Flat development in Collection technology, currency adjusted

Collection technology

Revenues in the segment equaled 446 MNOK in the second quarter, down from 473

MNOK in second quarter last year. After adjustment for currency change, revenues

were up 2 percent. Gross margin was 45%, compared to 46% last year. Operating

profit was 73 MNOK, down from 92 MNOK in second quarter 2009 (down from 78 MNOK

currency adjusted).

Material handling

Revenues in the business area were 41.1 MUSD in second quarter 2010, up from

34.9 MUSD last year. In USD, revenues were up 18%. Gross margin was 24%, up from

15% same period last year. Operating profit improved from 0.4 MUSD in second

quarter 2009 to 5.1 MUSD in second quarter 2010. The improved performance was

due to higher volumes on the East Coast and better margins/lower costs on the

West Coast.

Industrial processing technology

Revenues in the quarter increased to 178 MNOK from 118 MNOK last year. This

represents a 51 percent increase, mainly due to higher activity within TiTech.

Adjusted for currency change and the divestment of Presona, revenues were up 76

percent. Gross margin was 53% in second quarter 2010, unchanged from 2009. The

business area made an operating profit before other items of 34 MNOK in the

second quarter this year compared to a loss of 11 MNOK same period last year.

The rate of order intake has improved in both companies and the order book in

the segment increased from 162 MNOK to 216 MNOK during second quarter 2010,

which is an all time high.

Asker, 16 July 2010

Tomra Systems ASA

Attached please find the report and presentation for 2(nd) 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#1432182]