KROMI Logistik AG publishes preliminary figures for fiscal year 2008/2009(PresseBox) ( Hamburg, )
During the same period, EBIT fell to EUR -62 thousand compared to EUR 3,371 thousand, taking the extraordinary factor in the third quarter into account. The adjusted figure totals EUR 939 thousand. The figures are thus in line with the company's expectations. KROMI adjusted its forecast on April 23, 2009, forecasting revenues for the 2008/2009 fiscal year at a level below the figure from the previous year, together with balanced EBIT taking the extraordinary charges mentioned above into account.
Although KROMI recorded double-digit growth in the first three months of the past fiscal year, and also enjoyed revenue growth and significantly positive EBIT in the second quarter, business in the second half of the year was characterized by production downturns and short-time work. Earnings were also depressed by an extraordinary factor in the form of a risk provision totaling EUR 1.001 thousand, which was formed in view of the fact that an automotive supplier customer filed for bankruptcy in April 2009. In contrast, KROMI Logistik AG benefited from its mix of industries and products - as both the aerospace and shipping engine construction segments and also new customers supported business growth during fiscal year 2008/2009.
KROMI Logistik AG will publish its full consolidated financial statements (IFRS) for fiscal year 2008/2009 on September 24, 2009 at www.kromi.de in the Investor Relations segment.
KROMI Logistik AG
22419 Hamburg, Germany
German Securities Code Number (WKN): A0KFUJ
Exchanges: Regulated Market in Frankfurt (Prime Standard); OTC in Berlin, Düsseldorf,
Hamburg, Munich, Stuttgart