Ad hoc announcement from May 21, 2019
May 21, 2019
DGAP-Ad-hoc: KROMI Logistik AG: Specification of the annual outlook for fiscal year 2018/2019
KROMI Logistik AG / Key word(s): Forecast
KROMI Logistik AG: Specification of the annual outlook for fiscal 2018/2019
21-May-2019 / 19:52 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of insider information in accordance to Article 17 of Directive (EU) 596/2014
Specification of the annual outlook for fiscal year 2018/2019
Hamburg, May 21, 2019 -KROMI is forecasting slightly positive operating earnings (operating earnings before special effects) for fiscal year 2018/2019. Taking into account the special effects already communicated in the 2018/2019 half-year report from the departure of a member of the Managing Board (EUR 631 thousand) and the insolvency in self-administration of a customer in the automotive supply sector (EUR 537 thousand), KROMI is forecasting negative operating earnings (EBIT) of around EUR 1,100 thousand for fiscal year 2018/2019 (excluding currency effects Brazil). Following a negative operating result in the first six months, the company is forecasting a positive operating result in the second half of the year.
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Company profile:
KROMI, Hamburg, is a manufacturer-independent specialist for optimizing tool availability and tool use, in particular for technically demanding cutting tools for metal and plastics processing in machining operations. As a trustworthy and transparent partner to the manufacturing industry, KROMI combines machining technology, data management, lean logistics processes and tool trading to create convincing overall solutions. By means of networked automatic tool dispensers in the customer's production area with simultaneous digital inventory controlling, KROMI ensures the optimum use and availability of the necessary operating resources at the right time and in the right place. The aim of KROMI's activities is to always offer machining companies the highest customer benefits. For this purpose, the processes on the customer side are continuously analyzed in detail, opportunities and potential for improvement are identified and thus the tool supply with all the necessary services is optimally integrated. KROMI currently has facilities in Germany, Slovakia, the Czech Republic, Spain and Brazil. In addition, KROMI is also active in seven other European countries. On the Internet at: www.kromi.de