euro adhoc: SMT Scharf AG
Financial Figures/Balance Sheet
SMT Scharf AG:
Substantial increase in profits in 2007 and proposed dividend of EUR 0.70
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
23.01.2008
Hamm, January 23, 2008 - SMT Scharf AG (WKN 575198, ISIN DE 0005751986), the world market leader for rail-bound railway systems in mining, lifted its revenues and earnings in 2007.
According to preliminary figures, the company recorded revenues of EUR 51.2 million in 2007, compared to EUR 48.7 million in 2006 (+5%). This increase shows the growth in the company's business on the dynamic international markets, in particular in Russia and China. The share of foreign revenues also increased to 74%, compared to 52% in 2006.
Measures to make production more flexible and to cut product costs allowed SMT Scharf to enjoy a disproportionate increase in its EBIT to EUR 7.4 million, compared to EUR 6.7 million in the previous year (+10%). The EBIT margin thus lifted from 13.8% to 14.4%.
Changes in deferred taxes relating to the IPO and the reform of German corporate taxation caused net income for 2007 to increase by a grand total of 35% to EUR 5.9 million (previous year: EUR 4.3 million). The company had forecast revenues for the year as a whole to be up year-on-year, with earnings up slightly on the previous year.
The Managing and Supervisory Boards intend to propose a dividend of EUR 0.70 per share for fiscal year 2007 to the General Meeting.
The company will publish its finalized figures for 2007 on March 3, 2008 on its Web site www.smtscharf.com.
end of announcement euro adhoc
Further inquiry note:
Investor Relations
cometis AG
Henryk Deter
Tel.: +49(0)611 - 205855-13
Fax: +49(0)611 - 205855-66
e-mail: deter@cometis.de
Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse München / free trade