TOMRA Systems — Earnings Release 2014

Oct 17, 2014

TOMRA:  Third Quarter 2014 Results Announcement

TOMRA:  Third Quarter 2014 Results Announcement

All time high order intake and all time high order backlog

Order intake during third quarter 2014 in Tomra Sorting totalled 550

MNOK, up from 403 MNOK during same quarter last year, ending the quarter

with an all-time high order backlog of 672 MNOK.

Revenues in the third quarter 2014 amounted to 1,236 MNOK compared to

1,231 MNOK in third quarter last year. Revenues in TOMRA Collection

decreased by 2% (down 5% currency adjusted), while revenues in TOMRA

Sorting were up 5% (up 2% currency adjusted).

Gross margin was 43% in the quarter, up from 42% in the corresponding

period last year, with stable margins in both business areas.

EBITA was 210 MNOK in third quarter 2014 versus 217 MNOK in the third

quarter 2013.

Cash flow from operations in third quarter 2014 equaled 236 MNOK, up

from 202 MNOK in third quarter 2013.

Tomra Collection Solutions

The business area reported a decline in revenue of 2% in third quarter

2014, compared to same period last year. After adjustment for currency

changes, revenues were down 5%.

Gross margin was stable at 42%. EBITA was MNOK 151, down from 161 MNOK.

TOMRA will start a process to divest TOMRA Compaction (Orwak). The

actual synergies between compaction and reverse vending have proven to

be insignificant. Moreover, TOMRA's former strategy of providing

recycling technology equipment has changed into creating sensor-based

solutions for optimal resource productivity. Selling compaction

equipment does not fill a natural role in this strategy.

Tomra Sorting Solutions

Strong order intake leads to an all-time high order backlog at the end

of the quarter.

Revenues in the quarter increased by 5% compared to same quarter in

2013. Adjusted for currency effects, revenues were up 2%. Gross margin

was stable at 44%. EBITA increased from 62 MNOK in third quarter 2014 to

66 MNOK in third quarter 2014.

"After three quarters with lower order intake in 2013, we have now

experienced four consecutive quarters with significantly better order

intake in Tomra Sorting. Revenues and profit is consequently expected to

improve in fourth quarter 2014", comments Stefan Ranstrand (President

and CEO).

Asker, 17 October 2014

TOMRA Systems ASA

For questions, please contact:

Deputy CEO/CFO Espen Gundersen: +47 66 79 92 42 / +47 97 68 73 01

Webcast link:  http://presenter.qbrick.com/?pguid=ac24a7c1-2fbf-4fe2

-81dd-66d98c03f974

We will open up for Q&A after the presentation and the recorded webcast

will be made available on our webpage www.tomra.com after broadcast is

concluded.

TOMRA was founded on an innovation in 1972 that began with design,

manufacturing and sale of reverse vending machines (RVMs) for automated

collection of used beverage containers. Today TOMRA has ~170,000

installations in over 80 markets worldwide and had total revenues of

~4.6 billion NOK in 2013. The Group employs ~2,500 globally, and is

publicly listed on the Oslo Stock Exchange. (OSE: TOM) The TOMRA Group

continues to innovate and provide cutting-edge solutions for optimal

resource productivity within two main business areas: Collection

Solutions (reverse vending, material recovery and compaction) and

Sorting Solutions (recycling, mining and food sorting). For further

information about TOMRA, please see www.tomra.com