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KROMI Logistik AG

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K1R

DE000A0KFUJ5

KROMI Logistik AG Reports Earnings Results for the First Quarter Ended September 30, 2017

November 09, 2017 at 01:30 am

KROMI Logistik AG reported earnings results for the first quarter ended September 30, 2017. For the quarter, the company has posted revenues of EUR 19,162,000 against EUR 17,004,000 previous year. Operating earnings (EBIT) rose significantly faster than sales, climbing to EUR 627,000 against EUR 199,000 a year ago. Consolidated earnings were EUR 123,000 against EUR 9,000 previous year.

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Company Profile

KROMI Logistik AG is a Germany-based company that operates in the wholesale and retail of machining tools and associated services. The Company is an independent supplier of professional tool management and offers manufacturing companies end-to-end outsourcing for their supply of precision machining tools, both in Germany and abroad. The company focuses on cutting tools for metal and plastics processing and combines conventional tool retailing with a decentralized tool supply system that includes output machines in the customer's production area and information technology-based tool management and control systems. The Company operates in Germany, Slovakia, the Czech Republic, Spain, and Brazil, and mainly serves customers in the machine engineering, automotive supply, and aerospace sectors, as well as in marine engine construction.

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