DGAP-News: KROMI Logistik AG: Revenues and profits up significantly in Q1 2008/2009

KROMI Logistik AG / Quarter Results

10.11.2008 

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 up 20.1% to EUR 10,797 thousand

- EBIT up 15.1% to EUR 443 thousand


Hamburg, November 10, 2008 – KROMI Logistik AG (German Securities Code
(WKN) A0KFUJ, ISIN DE000A0KFUJ5) significantly lifted both its revenues and
earnings again in the first quarter of the new fiscal year 2008/2009 (as of
June 30). The company was able to increase its consolidated revenues from
EUR 8,992 thousand in the first quarter of the previous fiscal year to EUR
10,797 thousand (up 20.1%). EBIT also rose by 15.1% from
EUR 385 thousand to EUR 443 thousand. 

KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
the supply of precision tools (tool management) and it focuses on machining
tools for metalworking and plastics. During the first quarter, in
particular the high uptake of production capacity at the company's existing
customers contributed to its growth. KROMI Logistik AG's EBT increased by
15.1% to EUR 481 thousand, consolidated net income increased year-on-year
by 2.2% to EUR 327 thousand as a result of an one-off factor connected with
the reversal of deferred taxes.

'Our company's renewed positive development in the first quarter once again
confirms that our customers are continuing to truly accept our business
model. Our reliable end-to-end tool supply allows companies to focus more
intensely on their core competences again,' commented Uwe Pfeiffer, KROMI
Logistik AG's CFO. 'I am very optimistic that we will continue our
successful international growth strategy over the coming months and years.
The extent to which the economic downturn affects our target industries
remains to be seen. In addition, at the present point in time we cannot
foresee the impact of the conflict surrounding the collective agreements in
the metal industry. However, there is still a need for tool management
during difficult economic periods, because this allows machining companies
among other things to reduce their costs for tool supply significantly.'
KROMI Logistik AG will publish its full consolidated financial statements
(IFRS) for the first quarter of fiscal year 2008/2009 during the course of
November 13 at www.kromi.de in the Investor Relations segment.


Company profile 
KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
the supply of precision tools (tool management) and it focuses on machining
tools for metalworking and plastics. The Company combines classical tool
trading with a peripheral tool supply that includes output machines in the
customer’s production area and an IT-based tool management and controlling
system. The objective of KROMI’s 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 is already present at five locations in Germany and two abroad
(Slovakia, Czech Republic) and is active in six other European countries.
Additionally, in September 2008 KROMI founded a subsidiary in Brazil. To
date, KROMI has primarily focused on customers in the engineering and
aerospace sectors as well as automotive suppliers. In fiscal year 2007/08,
the company recorded revenues of EUR 40.1 million, EBIT of EUR 3.4 million
and consolidated net income of EUR 2.3 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 10.11.2008 
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------