KROMI announced earnings results for the fiscal year 2018. For the period, the company generated revenue of EUR 80,384,000 in the 2017/2018 fiscal year compared to EUR 74,306,000 a year ago. With 8.2 % year-on-year revenue growth, revenue thereby exceeded the EUR 80 million mark for the first time. Operating profit (EBIT adjusted for non-operative effects) amounted to EUR 1,346,000 compared to EUR 2,324,000 a year ago. The significant revenue growth in the 2017/2018 fiscal year reflects the high capacity utilisation in the company's diversified sectors and markets. The loss from operations (EBIT) amounted to EUR 1,037,000 in the 2017/2018 reporting year compared to profit of EUR 2,042,000 a year ago. This change is mainly attributable to special effects in connection with the stepping down from office of the former CEO as of December 31, 2017 (EUR 1,245,000), accounting-based currency losses in connection with the business in Brazil (EUR 1,138,000), as well as project-related expenses for the further development of the business model. Adjusted for the special effects, operating profit amounted to EUR 1,346,000 compared to EUR 2,324,000 a year ago.

The company provided earnings guidance for the fiscal year 2019. However, the loss of revenue which becomes fully effective for the first time in this current fiscal year and which arose from the ending of a supply contract with a key customer will not be fully offset. For this reason, the managing board assumes a year-on-year decrease in sales revenue in the mid single-digit percentage range for the 2018/2019 fiscal year. Given the burdening effects of strategically necessary one-off expenses for the further development of the business model, the managing board anticipates a negative result from operations in the low six-digit range.