KROMI Logistik AG / Quarter Results/Forecast 23.04.2009 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, April 23, 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 (IFRS) totaling EUR 27,995 thousand in the first nine months of fiscal year 2008/2009 (ending on June 30). This is thus 3.7% lower than in the comparable period of the previous year (EUR 29,072 thousand). After extraordinary factors, EBIT for the first nine months of 2008/2009 totaled EUR 92 thousand compared to EUR 1,697 thousand in the same period of the previous year. In particular the loan-loss provision of EUR 931 thousand depressed results. This provision was formed with regard to the application for insolvency proceedings filed by a customer in the automotive supply sector on April 7, 2009. KROMI Logistik AG is thus profitable despite this extraordinary factor and the continuing economic crisis during the nine-month period. After adjustment for this item resulting from this customer's provisional bankruptcy, EBIT for the first nine months totaled EUR 1,024 thousand. In the third quarter (January to March 2009), KROMI Logistik AG recorded preliminary revenues of EUR 7,779 thousand compared to EUR 10,613 thousand in the previous year. This figure is thus 26.7% lower. Including the loan loss provision of EUR 931 thousand, EBIT in the past third quarter of fiscal year 2008/2009 totaled EUR -798 thousand. The company's development during the period under review was due, in particular, to the strong downturn in order intake in the engineering and automotive supply segments. Customers in these segments adjusted their production in line with order intake as a result of the continuing economic crisis. In contrast, KROMI Logistik AG benefited from its mix of industries and products - both the aviation and shipping segments and new customers supported business growth during the period under review. The Managing Board is forecasting revenues for the entire 2008/2009 fiscal year to be lower than in the previous year, as well as a balanced EBIT, taking the extraordinary factor described above into account. KROMI Logistik AG will publish its full nine month report for 2008/2009 on May 12, 2009 on its Web site 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 23.04.2009 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: KROMI Logistik AG publishes preliminary figures for the first nine months of fiscal year 2008/2009
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