KROMI Logistik AG: Adjustment of earnings forecast for 2017/18
Publication of insider information in accordance with Article 17 Paragraph 1 of Directive (EU) 596/2014 on Market Misuse (Market Misuse Directive)
KROMI Logistik AG: Adjustment of earnings forecast for 2017/18 Hamburg, April 6, 2018 - KROMI Logistik AG (ISIN: DE000A0KFUJ5) announces that the Management Board has today adjusted its earnings forecast for the current fiscal year 2017/18 In the course of determining the preliminary figures for the third quarter 2017/18. So far, most recently in the 6-Month Report 2017/18, the Management Board had still assumed a continuous and significant improvement in the operating result (EBIT) compared to the previous year. However, the termination of the supply contract with a major customer will have a significantly negative impact on the gross profit margin and thus on the company's operating result, contrary to initial expectations. For the 2017/18 financial year the Management Board therefore now expects the operating result at break-even or slightly positive before non-operating special effects from currency translation and the provision in connection with the resignation of CEO Jörg Schubert. For the sales development in 2017/18, the Management Board continues to forecast growth in the upper single-digit percentage range compared with the previous year.
< End of Ad hoc announcement>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 (consumable and cutting tools, e.g. drills). KROMI Logistik 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 Logistik'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 four locations in Germany and four abroad (Slovakia, Czech Republic, Brazil and Spain), and is active in six other European countries. To date, KROMI Logistik 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 Contact Investor Relations:
cometis AG Claudius Krause Tel.: +49 (0)611-205855-28 Fax: +49 (0)611-205855-66 E-mail: email@example.com
06-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: KROMI Logistik AG Tarpenring 11 22419 Hamburg
Germany Phone: 040/537151-0 Fax: 040/537151-99 E-mail: firstname.lastname@example.org Internet: www.kromi.de ISIN: DE000A0KFUJ5 WKN: A0KFUJ Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News Service
672137 06-Apr-2018 CET/CEST