KoRo | Updates

By Constantinos Calios

KoRo launches successfully

Public
Public

Dear Companists,

We are overwhelmed by your confidence and that you share and want to accompany our vision at KoRo. Within the first few days we already reached 15% of our funding goal. We want to thank you for all your questions and comments and will be doing our best to respond as transparently as possible. In this update, we will inform you about a few of our current topics:

 

A review of 2017

We concluded the year 2017 with revenue of nearly EUR 2 million. This past year has been the most successful in the history of KoRo so far. Within a year, we strengthened not only our operational foundation especially by developing fully automated DATEV-compliant cash flow plans and programs for the automated auditing of incoming invoices in the areas of accounting and controlling. Beyond that, we also increased our product range from 120 to 280 products and skipped retail levels for relevant top selling products like cranberries, mangos, coconut oil, and Medjool dates. We also expanded our supplier network to more than 35 main suppliers.

Medjool dates are a good example, why we have the right timing on the market with our business model, which is based on Prof. Faltin’s campaign principle. We receive many messages from customers with specific questions about the products:

How do farmers work locally? How are the products protected against infestation?

This is where we can make use of our advantages. We can pass these questions directly to Kevin, a Medjool date farmer from Israel. To answer the questions, he made an explanatory video, which we published on our website:

 

KoRo - Datteln

 

We let the farmers speak for themselves. We cannot offer a better form of communication to our loyal customers. 

 

Revenue development 2018

We look toward 2018 full of anticipation. The year has started off very well. Net sales increased from EUR 241,371.93 in January to EUR 252,427.71 in February – despite having 3 days less! This is the best month in KoRo’s entire history. Another record is already emerging for March: we are achieving the highest daily sales averages (> EUR 10,000.00 per day). If this development continues in March, we are looking toward a great year in 2018. In our experience, the winter months are up to 30% stronger than the summer months. The past few fiscal years, however, have repeatedly shown that sales continue to rise up to the month of May. This means we’re on course for our target figures.

Dear Companists! We hope that you will continue to support us and recommend us. Only then will the campaign on Companisto be a great success. Finally, we would like to sweeten your anticipation of the update #2 next week: We will launch some new products and some very popular pipeline products that are already in our product range online.

 

Greetings from Berlin,

Kosta and the KoRo team



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The shares of the investors on Companisto are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the investors (Companists) – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, investments in startups and growth companies are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

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