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Pressemitteilung BoxID: 373637 (KROMI Logistik AG)
  • KROMI Logistik AG
  • Tarpenring 11
  • 22419 Hamburg
  • http://www.kromi.de
  • Ansprechpartner
  • Henryk Deter
  • +49 (611) 205855-13

KROMI Logistik AG: Annual financial statements 2009/2010 approved

Managing and Supervisory Boards propose dividend of EUR 0.15

(PresseBox) (Hamburg, ) KROMI Logistik AG's Supervisory Board approved the annual financial statements for fiscal year 2009/2010 in its meeting today. The Managing and Supervisory Boards will make a proposal to the company's General Meeting, to be held in December, to resolve a dividend of EUR 0.15 per share.

In fiscal year 2009/2010 (as of June 30), KROMI Logistik AG recorded consolidated revenues (IFRS) of EUR 31,198 thousand. This figure is down 10.7% compared to the previous year's figure of EUR 34,935 thousand, however it shows that business has picked up significantly since the start of 2010. In the first six months of fiscal year 2009/2010 (July to December 2009), the economic crisis in the engineering and automotive supply sectors caused revenues to be down by -24.5%.

EBIT in 2009/2010 totaled EUR 175 thousand compared to EUR -82 thousand in the previous year. This includes charges from winding up the business relationship with a bankrupt customer. After corresponding adjustments, EBIT in 2009/2010 totaled EUR 694 thousand after a comparable figure of EUR 918 thousand in the previous year.

EBT totaled EUR 182 thousand (previous year: EUR 44 thousand). Consolidated net profits after taxes amounted to EUR 56 thousand, slightly higher than the previous year's level (EUR 33 thousand).

The Managing and Supervisory Boards will make a proposal to the General Meeting for the first time to pay a dividend of EUR 0.15 per share from the net retained profits (HGB) from fiscal year 2009/2010 of EUR 1,638 thousand. This would amount to a disbursement of EUR 619 thousand. The remaining amount of EUR 1,019 thousand will be carried forward to new account.

In the current fiscal year 2010/2011, KROMI Logistik AG is forecasting an increase in consolidated revenues to the range of EUR 37 million to EUR 38 million, and for EBIT to improve to around EUR 1 million.

KROMI Logistik AG will publish its full consolidated financial statements (IFRS) for fiscal year 2009/2010 on September 21, 2010 at www.kromi.de in the Investor Relations segment.

KROMI Logistik AG

KROMI Logistik AG offers manufacturing companies endtoend outsourcing for the supply of precision tools (tool management) that is independent of a specific manufacturer, 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 ITbased 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 four abroad (Slovakia, Czech Republic, Brazil and Spain), and is active in three other European countries. To date, KROMI has primarily focused on customers in the engineering, shipbuilding and aerospace sectors as well as automotive suppliers. In fiscal year 2009/2010, the company recorded revenues on IFRSbasis of EUR 31,198 thousand (previous year: EUR 34,935 thousand). EBIT was at EUR 175 thousand (EUR -82 thousand).

On the Internet at www.kromi.de