DGAP-News: KROMI Logistik AG publishes report for the first three months of FY 2012/2013
(firmenpresse) - DGAP-News: KROMI Logistik AG / Key word(s): Quarter Results
KROMI Logistik AG publishes report for the first three months of FY
2012/2013
13.11.2012 / 07:58
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- Revenue grows significantly by 11.4 % to reach EUR 13,409 thousand
- Special effects and unrealised valuation losses burden earnings (EBIT:
EUR -103 thousand)
- Revenue and earnings trends remain fully within internal budgets
- Forecast confirmed of significant and profitable revenue growth for FY
2012/2013
Hamburg, November 13, 2012 - KROMI Logistik AG, a provider of end-to-end
tools logistics solutions for manufacturing companies, reports further
revenue growth in the first nine months of its 2012/2013 fiscal year, as
announced in the quarterly report (as of September 30) which it has
published today. The company reports revenue up by 11.4 % to EUR 13,409
thousand (previous year: EUR 12,042 thousand). This reported growth was
particularly attributable to the German domestic market and the Brazilian
subsidiary, registering growth rates of 18 % and 27 % respectively.
Especially in Southern Europe, revenue fell short of previous quarters due
to lower production levels during the summer months, reflecting seasonal
factors. KROMI Logistik achieved high revenue growth rates with aerospace
industry customers.
The rate of increase in the cost of materials slightly outstripped that of
revenue growth, rising from EUR 8,783 thousand to EUR 10,089 thousand, with
the cost of materials ratio registering a marked year-on-year jump from
72.9 % to 75.2 %. 'The clear increase in this ratio is attributable to a
somewhat incidental consumption of higher margin products in the prior-year
period. Experience shows that this intra-year effect evens out over the
course of the full fiscal year,' was how Uwe Pfeiffer, CFO of KROMI
Logistik AG, contextualised these figures. A comparison with the 74.7 %
cost of materials ratio registered in the 2011/2012 fiscal year elapsed
makes this point clear.
Due to the relatively higher expenses, the company reported an operating
loss before interest and tax (EBIT) of EUR -103 thousand, compared with a
EUR 372 thousand profit in the prior-year period. When adjusted for
expenses arising from unrealised valuation losses (currency translation
differences: EUR 130 thousand), pure operating earnings stood at EUR 27
thousand. The Group reported a consolidated net loss of EUR -165 thousand
after taking into account finance costs, other income, and taxes to be
paid. The company was still reporting a net profit of EUR 196 thousand in
the comparable period of the previous year.
'We reported further revenue growth in the first three months of our
current fiscal year. We are benefiting especially from continued, very
robust market growth in Germany, and at our Brazilian subsidiary. Although
special effects in our first quarter led us to incur comparatively higher
expenses, we are fully within our internal budgets in terms of revenue and
earnings from our operating business,' was how Jörg Schubert, CEO of KROMI
Logistik AG, commented on current business trends.
As a consequence, the Managing Board continues to assume that in the
2012/2013 fiscal year it will again achieve significant sales revenue
growth in the double-digit percentage range. 'Assuming the economic
situation remains stable, we are aiming to report a further increase in our
EBIT margin in the current fiscal year as part of our gradual, profitable
growth strategy. The EBIT margin will prospectively remain within the lower
single-digit percentage range in the current fiscal year,' as Jörg Schubert
went on to add, thereby reiterating the forecast for the current 2012/2013
fiscal year which has already been published.
Over the course of the day, KROMI Logistik AG will make its full report for
the first quarter of the 2012/2013 fiscal year available for downloading on
its website at www.kromi.de within the Investor Relations area.
Company profile:
KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
their supply of precision machining tools, both in Germany and abroad. The
company focuses on technically advanced machining tools for metalworking
and plastics (consumable and cutting tools, e.g. drills). KROMI combines
conventional tool retailing with a decentralised tool supply system that
includes output machines in the customer's production area and an IT-based
tool management and controlling system. KROMI's aim is to sustainably
optimise the supply of resources (particularly tools) for its customers and
to secure the availability of the appropriate resources at the right time
and in the right place. The company is currently represented at five
locations in Germany and four abroad (Slovakia, Czech Republic, Brazil and
Spain), and is active in five other European countries. To date, KROMI has
primarily focused on customers in the machine engineering, automotive
suppliers and aerospace sectors as well as marine engine construction.
Visit us online at: www.kromi.de
Investor relations contact:
cometis AG
Henryk Deter / Janis Fischer
Tel.: +49 (0)611-205855-64
Fax: +49 (0)611-205855-66
E-mail: fischer(at)cometis.de
End of Corporate News
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13.11.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: KROMI Logistik AG
Tarpenring 11
22419 Hamburg
Germany
Phone: 040/537151-0
Fax: 040/537151-99
E-mail: info(at)kromi.de
Internet: www.kromi.de
ISIN: DE000A0KFUJ5
WKN: A0KFUJ
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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192769 13.11.2012
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