DGAP-Adhoc: KROMI Logistik AG publishes preliminary figures for fiscal year 2008/2009

KROMI Logistik AG / Preliminary Results/Final Results

28.08.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hamburg, August 28, 2009 - KROMI Logistik AG ('KROMI'), Germany's first
tool management provider to work independently of a specific manufacturer,
recorded provisional consolidated revenues totaling EUR 34,935 thousand in
fiscal year 2008/2009 (ending on June 30). This figure is thus down 12.9%
year-on-year.

During the same period, EBIT fell to EUR -62 thousand compared to EUR 3,371
thousand, taking the extraordinary factor in the third quarter into
account. The adjusted figure totals EUR 939 thousand. The figures are thus
in line with the company's expectations. KROMI adjusted its forecast on
April 23, 2009, forecasting revenues for the 2008/2009 fiscal year at a
level below the figure from the previous year, together with balanced EBIT
taking the extraordinary charges mentioned above into account.

Although KROMI recorded double-digit growth in the first three months of
the past fiscal year, and also enjoyed revenue growth and significantly
positive EBIT in the second quarter, business in the second half of the
year was characterized by production downturns and short-time work.
Earnings were also depressed by an extraordinary factor in the form of a
risk provision totaling EUR 1.001 thousand, which was formed in view of the
fact that an automotive supplier customer filed for bankruptcy in April
2009. In contrast, KROMI Logistik AG benefited from its mix of industries
and products - as both the aerospace and shipping engine construction
segments and also new customers supported business growth during fiscal
year 2008/2009.

KROMI Logistik AG will publish its full consolidated financial statements
(IFRS) for fiscal year 2008/2009 on September 24, 2009 at www.kromi.de in
the Investor Relations segment.

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Information and Explaination of the Issuer to this News:

Company profile KROMI Logistik AG
KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
the supply of precision tools (tool management) that is independent of a
specific manufacturer, 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 four abroad (Slovakia, Czech Republic, Brazil
and Spain), and is active in six other European countries. To date, KROMI
has primarily focused on customers in the engineering, shipbuilding and
aerospace sectors as well as automotive suppliers. In fiscal year
2008/2009, the company recorded revenues on preliminary IFRS-basis of EUR
34,935 thousand (previous year: EUR 40,115 thousand). EBIT was at EUR -62
thousand (EUR 3,371 thousand).

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 28.08.2009 
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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, München, Hamburg, Stuttgart
 
End of News                                     DGAP News-Service
 
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