KROMI Logistik AG: Adjustment of revenue growth - continued significantly positive development of operating result (EBIT) for fiscal year 2021/2022

KROMI Logistik AG: Adjustment of revenue growth - continued significantly positive development of operating result (EBIT) for fiscal year 2021/2022

Hamburg, February 23, 2022 - As a result of the impact of the global semiconductor shortage and the resulting significantly lower production volumes in the automotive sector, which are also not expected to return to the forecast level by the end of the fiscal year on June 30, 2022, the targeted revenue growth of around 10% compared to fiscal year 2020/2021 cannot be achieved.

Based on the information currently available, revenues are now expected to grow in the low to mid single-digit percentage range compared to the same period of the previous year. KROMI Logistik AG continues to confirm its expectation of a slight improvement in its gross profit margin and a significant year-on-year increase in its operating result (EBIT).