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KROMI Logistik AG publishes nine-month report for FY 2015/2016 - Seite 2

level of 75.7 %. This resulted in a consistently strong gross profit margin
of 24.1 % (previous year: 24.3 %). In a year-on-year comparison, staff
costs climbed to EUR 7,512 thousand, up from EUR 6,748 thousand, owing to
investments in staff for the new customer business that made a substantial
contribution to lifting revenue in the reporting period. At 14.7 %, the
staff cost ratio settled around the prior-year level (14.5 %).

These gratifying developments are also reflected in the company's
performance. In the first nine months of fiscal 2015/2016, KROMI Logistik
achieved pure operating earnings of EUR 1,227 thousand, adjusted for
exchange rate effects (previous year: EUR 770 thousand), corresponding to
significant growth of 59.4 %. KROMI Logistik also raised unadjusted profit
from operations (EBIT) that stood at EUR 409 thousand (previous year: EUR
100 thousand). Unrealized currency differences amounted to EUR 818 thousand
(previous year: EUR 670 thousand). Uwe Pfeiffer, KROMI Logistik's CFO,
adds: "Our business operations have performed extremely well in the current
fiscal year. In the case of unrealized Brazilian real to euro currency
differences, it is important to note that these effects were not generated
by commercial transactions. These non-cash exchange rate effects are merely
the result of imputed exchange rate conversions of the investment by the
parent company in respect of its Brazilian subsidiary." The consolidated
result net of exchange rate effects stood at EUR 466 thousand, and the
consolidated result was reported at EUR -352 thousand (previous year: EUR
-416 thousand).

"We can look back on a generally very pleasing nine months in 2015/2016
during which we substantially increased our revenue as well as our pure
operating result, with a gross profit margin that remained stable. These
key indicators reflect the intrinsic value and stability of our business
model. Over the past nine months, we have also strengthened our company by
hiring more staff, restructured the responsibilities, and continued to
realign our range of products and services with a view to the future in
order to leverage our opportunities for growth in the future as well,"
states Jörg Schubert. In this context, the Managing Board is confirming its
full-year forecast for 2015/2016 of realising revenue growth in the upper
single-digit percentage range.

KROMI Logistik will make its full (IFRS) report for the first nine months
of its 2015/2016 fiscal year available for downloading on its website at