DGAP-News

KROMI Logistik AG publishes H1 report for FY 2014/2015

DGAP-News: KROMI Logistik AG / Key word(s): Half Year Results
KROMI Logistik AG publishes H1 report for FY 2014/2015

12.02.2015 / 07:59

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KROMI Logistik AG publishes H1 report for FY 2014/2015

- Revenue registers slight growth to EUR 29,855 thousand (previous
year: EUR 29,058 thousand)

- EBIT of EUR 130 thousand also up year-on-year (EUR 85 thousand)

- Outlook confirmed: further revenue growth in upper single-digit
percentage range and gradual rise in operating result (EBIT) for
current FY 2014/2015 targeted

Hamburg, February 12, 2015 - KROMI Logistik AG, a provider of end-to-end
tools logistics solutions for manufacturing companies, is reporting slight
revenue growth in the first six months of its 2014/2015 fiscal year (July 1
to December 31, 2014) to a level of EUR 29,855 thousand, equivalent to a
2.7% increase compared with the previous year's EUR 29,058. As customer
production levels usually prove more moderate during the holiday months,
demand for KROMI services recovered tangibly in the second quarter of the
company's fiscal year, especially in December. Earnings before interest and
tax (EBIT) of EUR 130 thousand were also slightly above the previous year's
EUR 85 thousand.

"Our well-balanced customer structure - which is diversified across several
sectors and markets both in Germany and abroad - generated overall
satisfactory business trends during the second half of our fiscal year just
ended. We were able to grow our sales revenues further, especially with our
German customers," notes Jörg Schubert, CEO of KROMI Logistik.

The cost of materials registered a slight increase from EUR 21,980 thousand
to EUR 22,416 thousand, with the customer to ratio falling from 75.6 % to
75.1 %. In line with this development, the gross profit margin was raised
to 24.9 %, compared with 24.4 % in the previous-year period. This
performance indicator also increased a little further compared with the
full 2013/2014 fiscal year, when the gross profit margin amounted to 23.8
%.

Staff costs showed an increase from EUR 3,803 thousand to EUR 4,411
thousand. The staff cost ratio was thereby held constant at 14.8 % compared
with the first quarter of 2014/2015, although it reflected a marked
increase compared with the prior-year quarter (13.1 %). "This trend
reflects new hires for customers that are still in the preparatory or
start-up phase of supplies, and therefore do not yet make significant
contributions to sales revenues," as Uwe Pfeiffer, CFO at KROMI Logistik,