KROMI Logistik AG — Earnings Release 2007

Nov 14, 2007

News Details

Corporate | 14 November 2007 08:31

KROMI Logistik AG publishes Q1 2007/2008 figures

KROMI Logistik AG / Quarter Results

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• Revenues up 19.2% to € 8,992 thousand
• EBIT depressed by expenses for acquiring new customers and investments in
  new staff
• Revenues set to grow to € 39 million to € 43 million, with EBIT margin to
  improve during the fiscal year

Hamburg, November 14, 2007 – KROMI Logistik AG, Germany's first tool
management provider to work independently of a specific manufacturer,
recorded revenues of € 8,992 thousand in the first three months (July to
September) of the current fiscal year 2007/2008. This is an increase of
19.2% compared to € 7,546 thousand in the first quarter last year. The
growth is due, in particular, to the new customers of KROMI Logistik AG.
Since going public it has gained ten new customers, including Caterpillar,
one of the world's largest manufacturers of ship engines. The company has
thus increased its number of customers up to 65 from 55.

KROMI Logistik AG's EBIT totaled € 385 thousand after the first three
months, compared to € 752 thousand in the same period last year, and the
EBIT margin fell correspondingly from 10.0% to approx. 4.3%. This
development was particularly due to the higher other operating expenses in
the first three months resulting from the acquisition of new customers and
the associated personnel expenses. EBT in the first quarter was € 418
thousand, net income for the period amounted to € 320 thousand.

'We are very pleased with Q1 business,' was CEO Jörg Schubert's comment on
the figures. He added: 'The first quarter has laid the foundations for
further sales and earnings growth throughout the entire year.' The current
second quarter has been very pleasing to date from the company's
perspective. KROMI Logistik AG's Managing Board is forecasting revenues of
between € 39 million and € 43 million for fiscal year 2007/2008, compared
to around € 32 million in fiscal year 2006/2007. At the same time, the EBIT
margin is to improve perceptibly.

KROMI Logistik AG's full report on the first three months of fiscal year
2007/2008 will be published during the course of today at the Web site
www.kromi.de.

Company Profile
KROMI Logistik AG, as a manufacturer-independent tool provider, offers
producing companies an integrated supply of precision tools. In particular,
KROMI provides technically challenging chip removal tools (abrasion and
bracket tools) for metal and plastic processing. The Company combines
classical tool trading with a peripheral tool supply that includes output
machines in the customer’s production area and an IT-based tool management
and controlling system. The objective of KROMI’s business operations is to
effectively optimize the supply of tools for its clients and to secure the
availability of the appropriate tools at the right time and at the right
place. The company currently has five locations in Germany and two abroad
(Slovakia and now also the Czech Republic), and also is represented by
selling agents in two other Eastern European countries. KROMI concentrates
primarily on clients in the engine construction, aerospace and automotive
supplier industries. In 2006/2007, the company generated EBIT of EUR 2.4
million with revenues of EUR 32.2 million. This corresponds to an EBIT
margin of 7.6%. KROMI Logistik AG was originally part of Krollmann &
Mittelstädt GmbH, which was founded as a KG in 1964. KROMI Logistik AG was
spun off as a subsidiary on November 1, 2002.

For further information please visit the company website www.kromi.de.

cometis AG
Henryk Deter
Tel.: +49 (0)611-205855-13
Fax: +49 (0)611-205855-66
E-mail: deter@cometis.de

14.11.2007 Financial News transmitted by DGAP

Language: English
Issuer: KROMI Logistik AG
Tarpenring 11
22419 Hamburg
Deutschland
Phone: 040/537151-0
Fax: 040/537151-99
E-mail: info@kromi.de
Internet: www.kromi.de
ISIN: DE000A0KFUJ5
WKN: A0KFUJ
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

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