DGAP-News

KROMI Logistik AG reports further business growth in Q1 2016/2017

DGAP-News: KROMI Logistik AG / Key word(s): Quarterly / Interim Statement
KROMI Logistik AG reports further business growth in Q1 2016/2017

17.11.2016 / 07:38
The issuer is solely responsible for the content of this announcement.

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KROMI Logistik AG reports further business growth in Q1 2016/2017

- Revenue increase of 5.5% to EUR 17,004 thousand (previous year: EUR
16,112 thousand)

- Operating profit (EBIT) of EUR 199 thousand significantly above
previous year (EUR -866 thousand)

- KROMI Logistik outperforms market again

- Further profitable growth aimed in FY 2016/2017

Hamburg, November 17, 2016 - KROMI Logistik AG, a provider of end-to-end
tools logistics solutions for manufacturing companies, reports an increase
in its revenue of 5.5% during the first quarter of its 2016/2017 fiscal
year. Between July 1, 2016 and September 30, 2016, the company generated
EUR 17,004 thousand of sales revenue (previous year: EUR 16,112 thousand),
boosting its revenues across all main target sectors. The operating result
(EBIT) also improved significantly in the reporting period.

In Germany, KROMI Logistik not only successfully expanded business with
existing customers during the period under review, but also acquired
additional new customers from various sectors. Revenue in Germany
consequently rose by 3.9%, from EUR 10,261 thousand in the previous year to
EUR 10,664 thousand in the first three months of 2016/2017. With this
growth the company again outperformed the market to a significant extent,
which is all the more remarkable as the first quarter of KROMI's fiscal
year is always affected by the summer vacation phase when manufacturing
industry activity is usually weaker. The operating business put in a
successful performance outside Germany, too. Revenue generated abroad of
EUR 6,340 thousand was up by around 8.4% compared with the previous year's
level (EUR 5,851 thousand).

It is notable in this context that KROMI Logistik reported a substantial
increase in its revenue level in Brazil when expressed in the national
currency, the Brazilian real, despite a difficult economic environment,
where customers are currently still operating well below full capacity
utilisation. The company succeeded in increasing revenue by around 55%
year-on-year in terms of Brazilian real, and even by around 70% when
expressed in euros. The Brazilian economy's gathering recovery offers
correspondingly significant upside potential. The Managing Board
consequently expects the Brazil business to continue reporting good news in
the future.

"With our revenue growth in the first quarter of 2016/2017 we are