DGAP-News: KROMI Logistik AG
/ Key word(s): Half Year Report
KROMI publishes key figures for the 6-months report 2021/2022 - Revenue up by around 8 % year-on-year despite continued challenging economic environment in the automotive sector - Operating result and Group net profit up significantly year-on-year, outpacing revenue growth - Successful acquisition of new customers, including renowned international corporate customers - Project order received for technology consulting at one of the world's leading automotive manufacturers Hamburg, February 23, 2022 - KROMI Logistik AG recorded positive overall business performance in the first half of 2021/2022 (July 1, 2021 to December 31, 2021) with significant revenue growth and a further improvement in earnings. Revenue increased by 7.7 % to EUR 37.9 million (previous year: EUR 35.2 million), while the operating result (EBIT) improved to EUR 0.6 million (previous year: EUR 0.2 million). The Group net result was also positive at EUR 0.2 million. Trends in respective sectors and regions varied significantly. In other European countries outside Germany, KROMI's revenue rose by 14.4 %, from EUR 13.4 million in the previous year to EUR 15.3 million. KROMI's domestic revenues totaled EUR 17.7 million in the first half of 2021/2022, compared to EUR 18.2 million in the previous year, as major automotive customers significantly reduced their production volumes as a consequence of the global semiconductor shortage. Business performance in Brazil was very positive, with KROMI growing its revenues to EUR 4.9 million (previous year: EUR 3.6 million). This positive trend is reflected even more clearly in the 33 % increase in revenue expressed in the Brazilian local currency. While this growth is mainly due to existing customers, five new customers were also acquired with which KROMI will commence cooperation in Brazil in the second half of 2021/2022. CEO Bernd Paulini assesses business performance in the first half of 2021/2022 as follows: "Our expectation of a gathering macroeconomic recovery as well as positive impulses in our target industries was partially confirmed. Notwithstanding the continued challenging economic environment in the German automotive sector, the overall successful expansion of business activities underscores continued interest in KROMI's services." The new customers in Brazil include renowned corporate groups with sites worldwide. This opens up attractive opportunities for KROMI to grow together with its customers, not only in Brazil, but also in Europe. In Germany, KROMI recorded new orders from both existing and new customers in the area of technology consulting in the first half of 2021/2022. KROMI convinced one of the world's leading automotive manufacturers of its expertise in production process optimization. Given the trends in the first half of 2021/2022, KROMI anticipates a continuation of its profitable growth over the full 2021/2022 fiscal year. Assuming that the coronavirus pandemic, global supply chain problems and geopolitical crises do not worsen further, the Managing Board expects revenue to increase in the low to medium percentage range in the current fiscal year, with operating results (EBIT) rising significantly compared to the previous year. Over the course of the day on February 28, KROMI will make its full IFRS report available for downloading on its website at www.kromi.de within the Investor Relations area. Company profile: Investor relations contact:
23.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1287073 |
End of News | DGAP News Service |
|
1287073 23.02.2022
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.