DGAP-News

KROMI Logistik AG publishes 9 month report for 2016/2017 - Seite 2

Material expenditure in the reporting period increased from KEUR 38,759 to KEUR 40,821 although the cost of materials ratio of 75.2 % was below the level of the previous year of 75.9 %. This resulted in an improved gross margin on sales (gross profit margin) of 24.8 % (previous year: 24.1 %). Personnel expenditure was up from KEUR 7,512 in the same period last year to KEUR 7,934. Therefore, the personnel cost ratio of 14.6 % came in slightly below the level of the previous year of 14.7 %. Depreciation in the first nine months of 2016 / 2017 amounted to KEUR 625 following KEUR 449 in the previous year.

These pleasing trends in the reporting period are also reflected in earnings. KROMI Logistik was able to increase operating earnings to KEUR 1,659 (previous year: KEUR 409), a significant improvement that was also due to calculated foreign exchange effects. Uwe Pfeiffer, Finance Director of KROMI Logistik, is satisfied with the overall course of the first nine months. "Our operating business proved extremely robust in the first nine months of the financial year 2016 / 2017 in spite of economic challenges. The increase in sales and the significantly higher operating earnings represent confirmation of our path of profitable growth. In addition, we have a healthy equity base as well as sufficient liquidity reserves." For the first nine months of the financial year 2016 / 2017, KROMI Logistik posted operating results of KEUR 1,277 (previous year: KEUR 1,227) which represented a small increase once adjusted for foreign exchange effects, while the consolidated result shown amounted to KEUR 952 (previous year: KEUR -352).

Jörg Schubert adds: "In view of the results of the first nine months we remain confident that we can achieve our operating targets for the financial year 2016 / 2017. In order to exploit growth opportunities in the future, we invested in our staff and organization in the reporting period. The introduction of SAP was successfully implemented within a very short period of time, and further IT measures were initiated to optimize the digital integration of customers and suppliers. Moreover, we are successively aligning our range of services with the scope of Industry 4.0 in order to further optimize our customers' value chains in our role as data managers in production."