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KROMI Logistik AG (K1R.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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9.40-0.05 (-0.53%)
At close: 8:20AM CEST
Full screen
Previous close9.45
Open9.40
Bid0.00 x 80000
Ask0.00 x 20000
Day's range9.40 - 9.40
52-week range5.15 - 10.70
Volume5
Avg. volume0
Market cap39.389M
Beta (5Y monthly)0.29
PE ratio (TTM)N/A
EPS (TTM)-0.56
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date10 Dec 2010
1y target est11.50
  • EQS Group

    KROMI raises revenue and earnings forecast for fiscal year 2020/2021

    DGAP-News: KROMI Logistik AG / Key word(s): Change in Forecast22.04.2021 / 16:01 The issuer is solely responsible for the content of this announcement.KROMI raises revenue and earnings forecast for fiscal year 2020/2021- Revenue growth of 8%-10% in 2020/2021 despite challenging environment due to Corona pandemic- Positive operating result in the mid six-digit EUR range expected- Positive business development with existing and new customers in Europe and Brazil- Cost and working capital optimization measures show sustained effectHamburg, 22 April 2021 - Following a better-than-expected first half of 2020/2021, KROMI Logistik AG continued its positive performance in the third quarter of a challenging fiscal year due to the Corona pandemic. Accordingly, the company is raising its revenue and earnings forecast for the fiscal year 2020/2021.Based on current information, the Management Board expects revenues to increase by 8% to 10% compared to the previous fiscal year (previous year: EUR 69.4 million). This development is also expected to lead to an improved operating result in the mid six-digit EUR range. This outlook is subject to the continuing uncertainties with regard to the Corona pandemic."The business situation has increasingly improved in the first six months of the current fiscal year and the high level of interest in our end-to-end tool management solutions remained unchanged in the third quarter. Accordingly, business with new and existing customers in Europe and Brazil developed positively despite the continuing difficult environment," says Bernd Paulini, CEO. Christian Auth, CFO adds: "The steps implemented to reduce costs and optimize working capital are also showing an effect during the growth phase and will have a lasting impact."In the third quarter, KROMI signed agreements with two existing customers from Germany and Brazil to expand tool management to two additional European countries. In the first half of the fiscal year, contracts with an international key account were extended indefinitely for four European locations, and two new contracts were signed in Brazil.Previously, KROMI forecasted revenues at the previous year's level and a balanced operating result.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.deContact Investor Relations:cometis AGClaudius KrauseTel.: +49 (0)611-205855-28Fax: +49 (0)611-205855-66E-Mail: krause@cometis.de22.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: KROMI Logistik AG Tarpenring 11 22419 Hamburg Germany Phone: 040/537151-0 Fax: 040/537151-99 E-mail: info@kromi.de Internet: www.kromi.de ISIN: DE000A0KFUJ5 WKN: A0KFUJ Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart EQS News ID: 1187802 End of News DGAP News Service

  • EQS Group

    KROMI publishes half-yearly report 2020/2021

    DGAP-News: KROMI Logistik AG / Key word(s): Half Year Results26.02.2021 / 07:30 The issuer is solely responsible for the content of this announcement.KROMI publishes half-yearly report 2020/2021- Positive operating result (EBIT) in challenging environment- Revenues around 5% below prior-year level, but reference period July to December 2019 unaffected by impact of Corona pandemic- Further improvement in cost structures and working capital by strengthening optimization measures initiated in the past fiscal year- Contract with major international customer for four European sites extended indefinitely, two new contracts signed in BrazilHamburg, February 26, 2021 - KROMI Logistik AG today published its half-year report for fiscal year 2020/2021 (July 1, 2020 to December 31, 2020). Despite a market environment that continues to be dominated by the effects of the Corona pandemic, and the weaker first half of the year as a result of the lower number of working days, the first six months of fiscal year 2020/2021 were overall better for KROMI than originally expected. As a result, the company managed recording positive operating earnings (EBIT) of EUR 0.2 million (previous year: EUR -0.4 million), although revenues of around EUR 35.2 million were down roughly 5 % compared to the same period of the previous year (previous year: EUR 37.1 million). However, the reference period July to December 2019 was not affected by the Corona pandemic. "The business situation has increasingly improved in the first six months of the current fiscal year, after production levels in KROMI's target industries were massively cut back as part of the initial lockdown. This development is also reflected in the figures for the first half of the year," commented Bernd Paulini, CEO of KROMI. CFO Christian Auth also gives a positive assessment of the first half of 2020/2021: "The optimization measures already introduced in the past fiscal year are showing a sustained effect, which is now evident in the phase of ramping up operating activities, both in terms of an improved cost structure and in the area of working capital."At EUR 18.2 million, domestic revenues increased slightly by around 1.3% in the first half of 2020/2021 (previous year: EUR 18.0 million). In contrast, revenues in other European countries fell by around 9% to EUR 13.4 million (previous year: EUR 14.5 million). In Brazil, revenues measured in euros declined due to the devaluation of the Brazilian currency against the euro, falling from EUR 4.6 million in the prior-year period to EUR 3.6 million. In local currency, however, revenues increased significantly by around 11%.The cost of materials fell from EUR 29.0 million to EUR 27.4 million in the reporting period. The cost of materials ratio decreased to 77.9 % (previous year: 78.2 %). At 22.1 %, the gross profit margin was correspondingly slightly above the previous year's level of 21.8 %. As a result of planned capacity adjustments in the personnel area, personnel expenses decreased by 5 % compared to the previous year. At 14.8%, the personnel expense ratio was at the previous year's level (previous year: 14.7%).The delivery of the first vaccines against a CovSars2 infection makes the Managing Board confident that the economic recovery that has already begun in KROMI's customer industries will continue over the course of 2021. However, the industry was already showing economic weaknesses before the outbreak of the pandemic, with the result that effects on KROMI's business activities are still possible.Bernd Paulini: "In addition to the recovery following the first hard lockdown in spring 2020, the unbroken high level of interest in our end-to-end tool management solutions, allows us to look to the future with optimism. Thus, we have not only convinced new customers of our services, but also see ourselves confirmed by the trust of our existing customers. With one of our major customers from the general engineering sector, with whom we are already working in four countries, the contract was extended indefinitely in December 2020. We will also expand our cooperation with a customer from southern Germany and, from the fourth quarter of 2020/2021, will also take over tool management at the Czech site." KROMI recorded a noticeable increase in demand in the first half of the year not only in Europe, but also in Brazil. For example, tool management contracts were signed with two new Brazilian customers. In view of this positive response from the market, as well as the operating successes in the first six months of the current fiscal year, KROMI believes that it is well positioned to continue the positive trend in the second half of the year, to meet potential challenges and to be able to leverage the potential that presents itself.Although the first half of the fiscal year was better than expected, KROMI confirms the guidance for the fiscal year 2020/2021 due to the ongoing pandemic. Revenues are still expected to be on a par with the previous year, with a slightly improved gross profit margin and a balanced operating result.KROMI will make the full IFRS report available for download on its website www.kromi.de in the Investor Relations section later today.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 eight other European countries. On the Internet at: www.kromi.deContact Investor Relations:cometis AGClaudius KrauseTel.: +49 (0)611-205855-28Fax: +49 (0)611-205855-66E-Mail: krause@cometis.de 26.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: KROMI Logistik AG Tarpenring 11 22419 Hamburg Germany Phone: 040/537151-0 Fax: 040/537151-99 E-mail: info@kromi.de Internet: www.kromi.de ISIN: DE000A0KFUJ5 WKN: A0KFUJ Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart EQS News ID: 1171351 End of News DGAP News Service

  • EQS Group

    KROMI holds virtual Annual General Meeting 2020

    DGAP-News: KROMI Logistik AG / Key word(s): AGM/EGM09.12.2020 / 16:55 The issuer is solely responsible for the content of this announcement.KROMI holds virtual Annual General Meeting 2020 - Solid performance despite economic slowdown in the regularly weaker first half of the year- Positive EBIT despite Corona slump in fourth quarter due to tight cost management throughout financial year- Active management of working capital: significant improvement of cash flow from operating activities by EUR 9.0 million Hamburg, 9 December 2020 - KROMI Logistik AG successfully held its Annual General Meeting for the fiscal year 2019/2020 on Tuesday, 8 December 2020. Due to the current contact restrictions in response to the Corona pandemic, the Annual General Meeting was held in virtual form. Despite the significant decrease in revenues in the fourth quarter, KROMI has so far come through the corona crisis in good shape, and was able to record slightly positive EBIT under difficult conditions, and significantly improve its operating cash flow by EUR 9.0 million to EUR 7.2 million. In total, 82.52% of the registered share capital was represented. All items on the agenda were approved. During the Annual General Meeting, the Managing Board reported in detail on KROMI's operating and strategic growth in fiscal year 2019/2020. CEO Bernd Paulini talked about the further development of the business model, among other things. It was officially and successfully launched mid-2019 and allows an improved description of the service portfolio for customers. He then went on to explain the business performance of the past financial year. After a strong first half of 2019/2020, the corona pandemic had a significant impact on KROMI's business activities in the fourth quarter, and thus also on its full-year performance. However, despite these setbacks in the final quarter, KROMI has generally gotten through the challenging times of the lockdown well, as CFO Christian Auth explained. This was primarily due to early, active cost management and strict working capital management, which resulted in a significant improvement in cash flow. For Christian Auth, this was the first full financial year for which he was responsible in his function at an Annual General Meeting. He joined KROMI in April 2019. Moreover, the Managing Board provided an outlook for the company's further strategy and the current business development in fiscal year 2020/2021, with Paulini emphasizing the continued high demand for KROMI's business model: "Particularly in times of crisis, companies are increasingly looking at outsourcing solutions to cut costs - this is as clear now as it was in 2008/2009 during the financial crisis. As a result, we are currently holding many talks with potential new customers despite the uncertainties surrounding the further development of the corona pandemic." KROMI is also focusing on further streamlining its organizational structure in the current fiscal year. The new central "Operations" department, which was created in 2020, is of particular importance in this regard. All items on the agenda were approved by a large majority. The Supervisory Board was expanded by one and Mr. Felix Höger was elected as the new member. With Mr. Höger, an experienced founder, manager, entrepreneur and member of the Supervisory Board was elected, who has been very successful in the IT business for 25 years. He will be a key advisor to KROMI in areas such as digitization and a valuable asset in our core competency KROMI Data. Prof. Dr. Eckart Kottkamp, who has been a member of the Supervisory Board for many years, was also confirmed in office. The voting results of the Annual General Meeting can be viewed at https://ir.kromi.de/websites/kromi/English/4000/annual-general-meeting.html.Company profile: KROMI, Hamburg, is a manufacturer-independent specialist for the optimisation of tool availability and tool use, in particular of technically sophisticated cutting tools for metal and plastics processing in cutting 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. With networked tool dispensing machines 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 the machining companies the highest customer benefit. To this end, customer processes are constantly analyzed in detail, opportunities and potential for improvement are identified, and thus the supply of tools is optimally integrated with all of the services required for this. KROMI currently has facilities in Germany, Slovakia, the Czech Republic, Spain and Brazil. In addition, KROMI is also active in eight other European countries. On the Internet at: www.kromi.de Contact Investor Relations:cometis AGClaudius KrausePhone: +49 (0)611-205855-28Fax: +49 (0)611-205855-66E-mail: krause@cometis.de 09.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: KROMI Logistik AG Tarpenring 11 22419 Hamburg Germany Phone: 040/537151-0 Fax: 040/537151-99 E-mail: info@kromi.de Internet: www.kromi.de ISIN: DE000A0KFUJ5 WKN: A0KFUJ Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart EQS News ID: 1154092   End of News DGAP News Service