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