KROMI Logistik AG / Quarter Results/Forecast 07.05.2008 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Revenues: +21% to EUR 29,072 thousand - Net profits +11% to EUR 1,246 thousand - Positive outlook for entire year confirmed Hamburg, May 7, 2008 KROMI Logistik AG (German Securities Code (WKN) A0KFUJ, ISIN DE000A0KFUJ5), Germany's first tool management provider to work independently of a specific manufacturer, recorded consolidated revenues totaling EUR 29,072 thousand in the first nine months of the current fiscal year. This is growth of around 21% compared to the first nine month of 2006/2007 (EUR 24,001 thousand). The percentage of foreign revenues also grew from 16% in the first three quarters of the previous year to a current total of 24%. Given the strong international corporate growth as well as the expected positive ongoing business development, KROMI Logistik expanded its internal structures during the first nine months. It has primarily invested in human resources and sales. The number of employees (without the Managing Board) increased to 79 on March 31, 2008, compared to 54 in the previous year. By their very nature, these expenses reduced EBIT from EUR 1,988 thousand in the first nine months of 2006/2007 to EUR 1,697 thousand. Pre-tax earnings were down slightly year-on-year from EUR 1,879 thousand to EUR 1,792 thousand. Income taxes fell from EUR 760 in the previous year to EUR 546 thousand, which was primarily due to the reform of corporate taxation. This bolstered the 11% increase in consolidated earnings for the first nine months from EUR 1,119 thousand in 2006/2007 to EUR 1,246 thousand. 'The first nine months of the current fiscal year 2007/2008 have been characterized by the booming economy in the engineering sector, which has led to high requirements for tools at our customers and to longer lead times for some tool manufacturers,' summarized Uwe Pfeiffer, CFO of KROMI Logistik AG. 'That is why we have substantially increased our tool inventories, in order to secure our delivery commitments to our customers.' Pfeiffer added: 'At the same time, we have consistently continued our strategy of growth and expansion, and our business with both existing and new customers is continuing to enjoy strong growth.' The current fourth quarter has also been very pleasing to date from the company's perspective. KROMI Logistik AG's Managing Board has confirmed forecast revenues of between EUR 39,000 thousand and EUR 43,000 thousand for fiscal year 2007/2008, compared to around EUR 32,000 thousand in fiscal year 2006/2007. This increase in revenues should allow the company to record consolidated EBIT of EUR 3,000 thousand to EUR 3,300 thousand. KROMI Logistik AG's nine-month-report for fiscal year 2007/2008 will be published today on the Web site www.kromi.de. Company profile: KROMI Logistik AG, as a manufacturer-independent tool provider, offers producing companies an integrated supply of precision tools. In particular, KROMI provides technically challenging chip removal tools (abrasion and bracket tools) for metal and plastic processing. The Company combines classical tool trading with a peripheral tool supply that includes output machines in the customers production area and an IT-based tool management and controlling system. The objective of KROMIs business operations is to effectively optimize the supply of tools for its clients and to secure the availability of the appropriate tools at the right time and at the right place. The company currently has five locations in Germany and two abroad (Slovakia and now also the Czech Republic), and also is represented by selling agents in two other Eastern European countries. KROMI concentrates primarily on clients in the engine construction, aerospace and automotive supplier industries. In 2006/2007, the company generated revenues of EUR 32.2 million, an EBIT of EUR 2.4 million and a net profit of EUR 1.5 million. KROMI Logistik AG has its roots in Krollmann & Mittelstädt GmbH, now known as Tarpenring 11 Vermögensverwaltungs GmbH. It was spun off from this company on November 1, 2002 together with Krollmann & Mittelstädt Hamburg GmbH. On the Internet at www.kromi.de. Investor relations contact: cometis AG Henryk Deter Tel.: +49 (0)611-205855-13 Fax: +49 (0)611-205855-66 E-mail: deter@cometis.de DGAP 07.05.2008 --------------------------------------------------------------------------- Language: English Issuer: KROMI Logistik AG Tarpenring 11 22419 Hamburg Deutschland Phone: 040/537151-0 Fax: 040/537151-99 E-mail: info@kromi.de Internet: www.kromi.de ISIN: DE000A0KFUJ5 WKN: A0KFUJ Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: KROMI Logistik AG publishes 9-month figures 2007/2008
| Source: EQS Group AG