DGAP-News

KROMI Logistik AG publishes 6-month report for 2016/2017 - Seite 2

Jörg Schubert, CEO of KROMI Logistik AG, commented as follows: "We were able to maintain revenue at a high level in our home market. Growth in international markets was very pleasing, especially in Brazil. Calculated in Brazilian Real, revenue grew by 60% and even by 81.5% in Euros. In view of our Brazilian subsidiary's great success in winning new customers, we see further great potential in the Brazilian market." Uwe Pfeiffer, CFO of KROMI Logistik AG, added: "The growth in KROMI Logistik's earnings must also be highlighted. In the first half of 2016/2017 we posted an EBIT figure of KEUR 705 following KEUR -288 in the previous year. And we are also profitable in terms of the Group's bottom line net profit of KEUR 356." In the reporting period 2015/2016, KROMI Logistik had posted net loss of KEUR -694.

Material expenditure only increased marginally by comparison with the previous year, climbing from KEUR 25,037 to KEUR 25,406. The cost of materials ratio fell significantly as a result to 74.8 % (previous year: 76.0 %). Thanks to this development, the gross profit margin rose to 25.2 % (previous year: 24.0 %), once again underlining KROMI Logistik's consistently high sales quality. This is the result of strong customer loyalty achieved by means of the innovative business model of a full service provider along the tool-intensive stages of pre-production.

Personnel expenditure rose from KEUR 4,919 to KEUR 5,323 by comparison with the same period in the previous year. The personnel cost ratio was 15.7 % which exceeded the figure for the previous year (previous year: 14.9 %). The higher personnel expenditure is primarily due to the extra staff needed in Brazil as a result of its successful new business. By contrast with previous years, foreign currency movements are having a positive effect on operating results, contributing KEUR 289 (previous year: KEUR -1,003). Against this background, KROMI is showing an operating result (EBIT) of KEUR 705 in the first half of 2016/2017 following KEUR -288 in the previous year. The pure operating result before foreign exchange effects amounts to KEUR 416 (previous year: KEUR 715).