KROMI Logistik AG Reports Earnings Results for the Half Year Ended December 31, 2019; Revises Earnings Guidance for the Year Fiscal Year 2019-2020
Despite challenging market developments, KROMI is forecasting year-on-year revenue growth of 3% to 6% for the current fiscal year 2019/2020. The reduction of originally around 10% and the specification of a range for the planned revenue growth in the 2019 /2020 financial year is due to the unclear developments in the mechanical engineering and automotive sectors and the as yet unforeseeable consequences of the coronavirus for economic development. Notwithstanding this, the Managing Board continues to expect a slightly positive EBIT (operating result).