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KROMI Logistik AG publishes 3-month report 2014/2015
DGAP-News: KROMI Logistik AG / Key word(s): Quarter Results
KROMI Logistik AG publishes 3-month report 2014/2015
19.11.2014 / 08:02
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KROMI Logistik AG publishes 3-month report 2014/2015
- Revenue registers slight growth to EUR 14,655 thousand (previous year:
EUR 14,535 thousand)
- EBIT result of EUR -114 thousand slightly below previous year's level
(EUR -96 thousand)
- Outlook confirmed - Target: further revenue growth in upper
single-digit percentage range and gradual rise in operating result
(EBIT) for current FY 2014/2015
Hamburg, November 19, 2014 - KROMI Logistik AG, a provider of end-to-end
tools logistics solutions for manufacturing companies, generated revenue
during the first three months of its 2014/2015 fiscal year (July 1 to
September 30, 2014) that was slightly ahead of the level of the prior-year
period. The Group lifted its revenue to EUR 14,655 thousand (previous year:
EUR 14,535 thousand), reflecting slight growth of 0.8 %. This gain is
gratifying given that, especially during the August holiday period,
customers' production levels, and consequently also demand for KROMI
services, tend to be more modest. The result before interest and tax (EBIT)
of EUR -114 thousand was slightly below the previous year's EUR -96
thousand.
"Our well-balanced customer structure - which is diversified across several
sectors and markets both in Germany and abroad - ensured that our revenues
during the first three months of our 2014/2015 fiscal year were not only
held stable compared with the previous year, but also advanced slightly,"
notes Jörg Schubert, KROMI Logistik's CEO.
Despite the minor revenue growth, the cost of materials was reduced
slightly from EUR 11,168 thousand to EUR 11,134 thousand. The cost of
materials ratio fell from 76.8 % to 76.0 %. In line with this development,
the gross profit margin was boosted to 24.0 %, compared with 23.2 % in the
previous-year period. This performance indicator was also increased
compared with the full 2013/2014 fiscal year, when the gross profit margin
amounted to 23.8 %.
Staff costs reported a significant increase from EUR 1,866 thousand to EUR
2,166 thousand, with the staff cost ratio advancing to 14.8 % accordingly
(previous year: 12.8 %). "This trend reflects new hires for customers that
are still in the preparatory or start-up phase of supplies, and
consequently necessitate a higher level of our staff time and costs," as
Uwe Pfeiffer, CFO at KROMI Logistik, explains this expense development.
- Revenue registers slight growth to EUR 14,655 thousand (previous year:
EUR 14,535 thousand)
- EBIT result of EUR -114 thousand slightly below previous year's level
(EUR -96 thousand)
- Outlook confirmed - Target: further revenue growth in upper
single-digit percentage range and gradual rise in operating result
(EBIT) for current FY 2014/2015
Hamburg, November 19, 2014 - KROMI Logistik AG, a provider of end-to-end
tools logistics solutions for manufacturing companies, generated revenue
during the first three months of its 2014/2015 fiscal year (July 1 to
September 30, 2014) that was slightly ahead of the level of the prior-year
period. The Group lifted its revenue to EUR 14,655 thousand (previous year:
EUR 14,535 thousand), reflecting slight growth of 0.8 %. This gain is
gratifying given that, especially during the August holiday period,
customers' production levels, and consequently also demand for KROMI
services, tend to be more modest. The result before interest and tax (EBIT)
of EUR -114 thousand was slightly below the previous year's EUR -96
thousand.
"Our well-balanced customer structure - which is diversified across several
sectors and markets both in Germany and abroad - ensured that our revenues
during the first three months of our 2014/2015 fiscal year were not only
held stable compared with the previous year, but also advanced slightly,"
notes Jörg Schubert, KROMI Logistik's CEO.
Despite the minor revenue growth, the cost of materials was reduced
slightly from EUR 11,168 thousand to EUR 11,134 thousand. The cost of
materials ratio fell from 76.8 % to 76.0 %. In line with this development,
the gross profit margin was boosted to 24.0 %, compared with 23.2 % in the
previous-year period. This performance indicator was also increased
compared with the full 2013/2014 fiscal year, when the gross profit margin
amounted to 23.8 %.
Staff costs reported a significant increase from EUR 1,866 thousand to EUR
2,166 thousand, with the staff cost ratio advancing to 14.8 % accordingly
(previous year: 12.8 %). "This trend reflects new hires for customers that
are still in the preparatory or start-up phase of supplies, and
consequently necessitate a higher level of our staff time and costs," as
Uwe Pfeiffer, CFO at KROMI Logistik, explains this expense development.
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