KROMI Logistik AG — Earnings Release 2009

Apr 23, 2009

News Details

Ad-hoc | 23 April 2009 19:49

KROMI Logistik AG publishes preliminary figures for the first nine months of fiscal year 2008/2009

KROMI Logistik AG / Quarter Results/Forecast

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Hamburg, April 23, 2009 - KROMI Logistik AG (German Securities Code (WKN)
A0KFUJ, ISIN DE000A0KFUJ5), Germany's first tool management provider to
work independently of a specific manufacturer, recorded provisional
consolidated revenues (IFRS) totaling EUR 27,995 thousand in the first nine
months of fiscal year 2008/2009 (ending on June 30). This is thus 3.7%
lower than in the comparable period of the previous year (EUR 29,072
thousand).

After extraordinary factors, EBIT for the first nine months of 2008/2009
totaled EUR 92 thousand compared to EUR 1,697 thousand in the same period
of the previous year. In particular the loan-loss provision of EUR 931
thousand depressed results. This provision was formed with regard to the
application for insolvency proceedings filed by a customer in the
automotive supply sector on April 7, 2009. KROMI Logistik AG is thus
profitable despite this extraordinary factor and the continuing economic
crisis during the nine-month period. After adjustment for this item
resulting from this customer's provisional bankruptcy, EBIT for the first
nine months totaled EUR 1,024 thousand.

In the third quarter (January to March 2009), KROMI Logistik AG recorded
preliminary revenues of EUR 7,779 thousand compared to EUR 10,613 thousand
in the previous year. This figure is thus 26.7% lower. Including the loan
loss provision of EUR 931 thousand, EBIT in the past third quarter of
fiscal year 2008/2009 totaled EUR -798 thousand.

The company's development during the period under review was due, in
particular, to the strong downturn in order intake in the engineering and
automotive supply segments. Customers in these segments adjusted their
production in line with order intake as a result of the continuing economic
crisis. In contrast, KROMI Logistik AG benefited from its mix of industries
and products - both the aviation and shipping segments and new customers
supported business growth during the period under review.

The Managing Board is forecasting revenues for the entire 2008/2009 fiscal
year to be lower than in the previous year, as well as a balanced EBIT,
taking the extraordinary factor described above into account.

KROMI Logistik AG will publish its full nine month report for 2008/2009 on
May 12, 2009 on its Web site www.kromi.de in the 'Investor Relations'
segment.

---

Information and Explaination of the Issuer to this News:

Company profile
KROMI Logistik AG offers manufacturing companies end-to-end outsourcing for
the supply of precision tools (tool management) and it focuses on machining
tools for metalworking and plastics. 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 is already present at five locations in Germany and two abroad
(Slovakia, Czech Republic) and is active in six other European countries.
Additionally, in September 2008 KROMI founded a subsidiary in Brazil. To
date, KROMI has primarily focused on customers in the engineering,
shipbuilding and aerospace sectors as well as automotive suppliers. In
fiscal year 2007/08, the company recorded revenues of EUR 40.1 million,
EBIT of EUR 3.4 million and consolidated net income of EUR 2.3 million.
KROMI Logistik AG has its roots in Krollmann & Mittelstädt GmbH, now known
as Tarpenring 11 Vermögensverwaltungs GmbH. It was spun off from this
company on November 1, 2002 together with Krollmann & Mittelstädt Hamburg
GmbH.

On the Internet at www.kromi.de.

Investor relations contact:

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

23.04.2009 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

End of News DGAP News-Service

---