TOMRA Systems — Earnings Release 2014

Feb 18, 2015

TOMRA:  FOURTH QUARTER 2014 RESULTS ANNOUNCEMENT

TOMRA:  FOURTH QUARTER 2014 RESULTS ANNOUNCEMENT

Strong performance in both business areas

Revenues in the fourth quarter 2014 amounted to 1,400 MNOK compared to 1,169

MNOK in fourth quarter last year. Revenues in TOMRA Collection Solutions

increased by 17% (up 10% currency adjusted), while revenues in TOMRA Sorting

Solutions were up 25% (up 18% currency adjusted).

Gross margin was 44% in the quarter, unchanged from the corresponding period

last year, with stable margins in both business areas.

Operating expenses increased from 313 MNOK in fourth quarter 2013 to 344 MNOK in

fourth quarter 2014. Adjusted for currency (stronger EUR and USD vs NOK) and one

-time costs, operating expenses were up 3%.

EBITA was 266 MNOK in fourth quarter 2014 versus 199 MNOK in the fourth quarter

TOMRA Compaction was sold in fourth quarter 2014, with closing of the

transaction in first quarter 2015.

Cash flow from operations in fourth quarter 2014 equaled 312 MNOK, up 33% from

234 MNOK in fourth quarter 2013.

The Board proposes a dividend of 1.45 NOK per share

TOMRA Collection Solutions

The business area reported an increase in revenue of 17% in fourth quarter 2014,

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

revenues were up 10%.

Gross margin was stable at 42%. Operating expenses were up 3%, after adjusting

for currency and one-time costs.

EBITA was 172 MNOK, up from 146 MNOK last year.

TOMRA Sorting Solutions

Revenues in the quarter increased by 25% compared to same quarter in 2013.

Adjusted for currency effects, revenues were up 18%.

Order intake during fourth quarter 2014 totaled 568 MNOK, up from 509 MNOK

during the same quarter last year.

Gross margin was stable at 46%. Operating expenses increased in the same period

from 156 MNOK to 167 MNOK, adjusted for currency and one-time costs, operating

expenses were up 5%.

EBITA increased from 59 MNOK in fourth quarter 2013 to 101 MNOK in fourth

quarter 2014.

"This is the best quarter in Tomra's history, with strong performance in both

business areas and topped with very healthy cashflow" comments Stefan Ranstrand

(President and CEO).

Asker, 18 February 2015

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=11cf0834-f2e2-4ef6-bbb1

-0092a132a387

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