DGAP-Adhoc: KROMI Logistik AG: Positive 6-month figures, however forecast for full year 2008/2009 scaled down

KROMI Logistik AG / Half Year Results/Change in Forecast

04.02.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------

Hamburg, February 4, 2009 – KROMI Logistik AG (German Securities Code (WKN)
A0KFUJ, ISIN DE000A0KFUJ5), Germany's first tool management provider to
work independently of a specific manufacturer, recorded provisional
consolidated revenues totaling EUR 20,216 thousand in the first half of
fiscal year 2008/2009 (ending on June 30). Revenues are thus up 9.5%
compared to the first six months of the previous year (EUR 18,459
thousand).

On the whole, it was possible to increase revenues in both Germany as well
as on the relevant foreign markets and in all of the company's target
industries. As a result of the financial crisis, the majority of customers
used the unique constellation of public holidays over the Christmas/New
Year period to shut down their production for a correspondingly long
period. This led to a lower number of days of production in December and
thus significantly lower revenues for KROMI Logistik that month. At the
same time, implementing the HR investments required to put the strategic
objectives in place led to an increase in personnel expenses to EUR 2,776
thousand in the first six months of the year compared to the same period of
the previous year (EUR 2,103 thousand). These developments led to EBIT
falling from EUR 1,429 thousand to EUR 938 thousand.

The dramatic economic slump over the course of the past few months has
impacted the automotive supplier sector, the general engineering industry
and also the construction industry. This development has not yet bottomed
out. That means that KROMI Logistik can no longer reliably uphold its
original guidance for fiscal year 2008/2009. It is not yet possible to make
a serious forecast for the year as a whole as a result of the current lack
of transparency. The current third quarter (January to March 2009) is the
key factor in the forecast. After the end of the third quarter, KROMI
Logistik AG's Managing Board will make a statement on the anticipated
outcome for fiscal year 2008/2009.

To date, the company had forecast consolidated revenues of EUR 46,000
thousand to EUR 48,000 thousand and EBIT of EUR 3,400 thousand to EUR 3,700
thousand. The group recorded consolidated revenues of EUR 40,115 thousand
with EBIT of EUR 3,371 thousand in 2007/2008.

As the economic crisis offers KROMI Logistik AG excellent opportunities for
acquiring new customers as a result of its special business model, the
Managing Board will continue its on-track strategy and continue to invest
in growth and new markets.

KROMI Logistik AG will publish its six-month report for the fiscal year
2008/2009 on February 11, 2009 on its website www.kromi.de in the Investor
Relations segment.

---------------------------------------------------------------------------

Information and Explaination of the Issuer to this News:

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,
shipbuilding 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 04.02.2009 
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------