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Solutions.
Gross margin was slightly up from 42.0% to 42.3 %, reflecting stable margins in
TOMRA Collection Solutions and improved margins in TOMRA Sorting Solutions.
Operating expenses totaled 745 MNOK in the quarter, an increase from 667 MNOK in
first quarter last year due to ramp-up in TOMRA Collection Solutions and
Circular Economy and currency effects.
EBITA reached 228 MNOK in first quarter 2020, up from 207 MNOK in same period
last year.
Cash flow from operations in first quarter 2020 were 265 MNOK, compared to 229
MNOK in first quarter 2019.
TOMRA’s reporting currency, the NOK, depreciated significantly against all major
currencies during March 2020. As a result, assets and liabilities have both
increased 14% in value and equity improved 703 MNOK during the first quarter.
Net financial item on the income statement reflects a net currency loss of 190
MNOK due to currency hedging contracts recorded at market value using closing
exchange rates for the quarter. The weakening of the NOK has also had a material
positive impact on order intake and backlog in TOMRA Sorting Solutions.
Over the past quarter, the extent of the COVID-19 virus as a global pandemic has
become apparent and TOMRA has responded resolutely to the unprecedented
challenges.
“Ensuring people’s safety and wellbeing remains a top priority for us and
considerable efforts have been invested into protection, prevention, engagement
and transparent communication. TOMRA remains close to its customers and
continues to provide expertise and support, leveraging remote connectivity and
its geographical footprint. While we strive to manage our operations and ensure
business continuity, we also seek to understand the longer-term implications and
seize potential opportunities. TOMRA’s strategy and ambitions stays firm, as we
also see calls for rebuilding towards broader sustainability and resilience,”
says Stefan Ranstrand, President and CEO of TOMRA.
Collection Solutions: Major markets showing resilience, some impact of lockdown
Revenues equaled 1,168 MNOK in the first quarter 2020, up from 1,042 MNOK in
first quarter last year. After adjustment for currency changes, revenues were up
5% fueled by higher activity in Northern Europe and Australia.
Gross margin was 40%, unchanged from last year. Operating expenses amounted to
311 MNOK, up from 278 MNOK last year, mainly due to currencies and cost related
to the preparation for new deposit markets.
EBITA was 151 MNOK, an increase from 139 MNOK first quarter last year.
The main customer group of Collection Solutions are retailers, which are
regarded as society critical businesses and remain sound through the crisis.
Container return volumes mirror the severity of lockdown measures imposed by
governments worldwide. Europe has been less impacted, while impact in North
America has been material. Australia experienced a dip in volume but has picked
up again going into May.
Sorting Solutions: Tackling uncertainties backed by all-time high order backlog
Revenues equaled 1,134 MNOK in first quarter 2020, up 1% in local currencies.
Gross margin was 45%, up 44% from same period last year.
Operating expenses were up from 365 MNOK to 397 MNOK, up 1.5% currency adjusted.
EBITA increased from 92 MNOK in first quarter 2019 to 114 MNOK in first quarter
2020, positively influenced by topline growth and gross margin improvements.
Order intake was 1,591 MNOK in first quarter 2020, up 11% currency adjusted from
first quarter last year with increased order intake in all business streams. The
order backlog ended at an all-time high of 1,915 MNOK, compared to 1,458 MNOK
same period last year, representing an 13% increase adjusted for currencies.
Both food supply and waste management are defined as essential business
operations. However, the industries face disruptions in different ways, amongst
others labor shortage and logistics challenges. Customers of TOMRA Sorting
Solutions - Food are in demand of critical support, but also experience
uncertainties related to economic outlook and future demand. Recycling is
supported by strong megatrends for sustainability, but some segments are also
exposed to commodity price fluctuations and industrial demand.
Asker, 5 May 2020
TOMRA Systems ASA
For questions, please contact:
Espen Gundersen, Deputy CEO/CFO: +47 66 79 92 42 / +47 97 68 73 01
Bing Zhao, Director Investor Relations & Strategy: +47 40 21 08 19
Webcast link: https://events.webcast.no/tomra/kvartalspresentasjoner/tomra
-systems-asa-q1-presentation
-2020 (https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fevents.w
ebcast.no%2Ftomra%2Fkvartalspresentasjoner%2Ftomra-systems-asa-q1-presentation
-2020&data=02%7C01%7Cbing.zhao%40tomra.com%7C5b80446f2a9d432d716f08d7eb8017e2%7C4
308d118edd143008a37cfeba8ad5898%7C0%7C0%7C637236807697539001&sdata=PyVVeZc2QxA0qf
bqSDp4Ko3g3qozHWCwLRMluXfZmSk%3D&reserved=0)
There will be a Q&A after the presentation and the recorded webcast will be made
available on TOMRA’s webpage www.TOMRA.com.
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 provides technology-led solutions that enable
the circular economy with advanced collection and sorting systems that optimize
resource recovery and minimize waste in the food, recycling and mining
industries.
TOMRA has more than 100,000 installations in over 80 markets worldwide and had
total revenues of ~9.3 billion NOK in 2019. The Group employs ~4,500 globally
and is publicly listed on the Oslo Stock Exchange. (OSE: TOM). For further
information about TOMRA, please see www.tomra.com
Kilde
men hvor vanskelig er det å lage en maskin hvor man putter inn en flaske for så og få en lapp ut igjen 
?
