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KROMI Logistik AG publishes 2013/2014 annual report - Seite 2
fiscal year. We have thereby met our forecast. Our strategy of growing
incrementally and profitably has succeeded," is how Jörg Schubert, CEO of
KROMI Logistik AG, comments on business trends. Despite the aforementioned
challenges, KROMI Logistik boosted its EBIT by almost 30%, implementing
strategic preparatory measures both in Germany and abroad in the process.
"Given these circumstances, our stable business model again proved its
strength," adds Schubert.
The Brazilian subsidiary continued to report above-average growth rates.
Despite the current cooling of macroeconomic trends, numerous new customers
were acquired again, and revenue was up by around 16% on a Euro basis. "Our
organisation in Brazil is working highly efficiently, and there are still a
number of machining operations that require KROMI know-how. The positive
trend over the last two years convinces us that we should continue to focus
on this market," notes Schubert.
The current fiscal year, KROMI Logistik consequently plans to continue
consistently on its profitable growth path, and to gradually expand its
business operations. "We anticipate revenue growth in the upper
single-digit percentage range in 2014/2015, which would put us
significantly ahead of our target sectors' forecast growth rates," explains
Uwe Pfeiffer. The company is also planning continuous improvement in its
operating earnings. In particular, the economy, and consequently KROMI
customers' production levels, will comprise decisive factors for earnings
trends. "Should these factors develop positively, we are aiming for further
EBIT growth," concludes Pfeiffer.
Over the course of the day, KROMI Logistik AG will make its full IFRS
consolidated financial statements for the 2013/2014 fiscal year available
for downloading on its website at www.kromi.de within the Investor
Relations area.
Company profile:
KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
their supply of precision machining tools, both in Germany and abroad. The
company focuses on technically advanced machining tools for metalworking
(consumable and cutting tools, e.g. drills). KROMI combines conventional
tool retailing with a decentralised tool supply system that includes output
machines in the customer's production area and an IT-based tool management
and controlling system. KROMI's aim is to sustainably optimise the supply
of resources (particularly tools) for its customers and to secure the
availability of the appropriate resources at the right time and in the
right place. The company is currently represented at four locations in
Germany and four abroad (Slovakia, Czech Republic, Brazil and Spain), and
consistently on its profitable growth path, and to gradually expand its
business operations. "We anticipate revenue growth in the upper
single-digit percentage range in 2014/2015, which would put us
significantly ahead of our target sectors' forecast growth rates," explains
Uwe Pfeiffer. The company is also planning continuous improvement in its
operating earnings. In particular, the economy, and consequently KROMI
customers' production levels, will comprise decisive factors for earnings
trends. "Should these factors develop positively, we are aiming for further
EBIT growth," concludes Pfeiffer.
Over the course of the day, KROMI Logistik AG will make its full IFRS
consolidated financial statements for the 2013/2014 fiscal year available
for downloading on its website at www.kromi.de within the Investor
Relations area.
Company profile:
KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
their supply of precision machining tools, both in Germany and abroad. The
company focuses on technically advanced machining tools for metalworking
(consumable and cutting tools, e.g. drills). KROMI combines conventional
tool retailing with a decentralised tool supply system that includes output
machines in the customer's production area and an IT-based tool management
and controlling system. KROMI's aim is to sustainably optimise the supply
of resources (particularly tools) for its customers and to secure the
availability of the appropriate resources at the right time and in the
right place. The company is currently represented at four locations in
Germany and four abroad (Slovakia, Czech Republic, Brazil and Spain), and
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