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SMT Scharf AG

EANS-News: SMT Scharf AG lifts revenue and earnings in 2009

Hamm (euro adhoc) -

- Preliminary revenue up 7% to EUR 53.3 million
- EBIT margin of 14.2% 
- Proposed dividend of EUR 0.70 per share
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet/Preliminary figures
Subtitle: - Preliminary revenue up 7% to EUR 53.3 million
- EBIT margin of 14.2%
- Proposed dividend of EUR 0.70 per share
February 5, 2010 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and 
world market leader for railbound railway systems for the mining 
sector, increased its revenue and earnings in fiscal year 2009 
according to preliminary figures. This went along with an expansion 
of the international business. Over the year as a whole, the SMT 
Scharf Group´s revenue increased by 7% from EUR 49.7 million to EUR 
53.3 million. The proportion of revenue recorded outside Germany 
accounted for 84% (previous year: 75%); business in China and South 
Africa in particular enjoyed significant growth.
The SMT Scharf Group´s EBIT was up 3% to EUR 7.6 million (previous 
year: EUR 7.4 million), which corresponds to a current EBIT margin of
14.2% (previous year: 14.9%). EBIT includes non-cash one-off expenses
of EUR 0.8 million in connection with the deconsolidation of SMT 
Scharf Saar GmbH after this company filed an insolvency proceeding in
October 2009. The consolidated net income fell slightly from EUR 5.3 
million to EUR 5.1 million due to a higher tax rate.
"We are pleased that our company has enjoyed such positive growth in 
2009 despite the challenges posed by the economic crisis," commented 
Dr. Friedrich Trautwein, SMT Scharf AG´s CEO on the figures. "The 
past fiscal year once again proved that we are right on track with 
our strategy of internationalization, and we have thus opened up 
significant additional growth potential for our company. That is why 
we are confident that we will be able to further increase our revenue
and earnings on average over the coming years."
The Managing and Supervisory Boards intend to propose to the General 
Meeting for fiscal year 2009 to pay a dividend of EUR 0.70. This 
corresponds to a 53% distribution rate. Based on the closing price of
SMT Scharf's shares on February 4, 2010, the dividend yield is 7.1%.
The full financial report for 2009 is expected to be published on 
March 5, 2010, on the company's Website www.smtscharf.com in the 
Investor Relations section.
Company profile The SMT Scharf Group develops, builds and maintains 
rail-bound railway systems for mining and use in tunnels. The trains 
are used all over the world, primarily in hard coal mines, gold mines
and in underground mining for platinum, diamonds, copper and nickel. 
They are used to transport material and personnel with working loads 
of up to 35t. Rail-bound trains are the only means of transport that 
can be used underground on branching lines to cope with inclines of 
more than 13 degrees. The SMT Scharf Group has subsidiaries in 
Germany, Poland, South Africa, China and Russia, as well as agencies 
around the world. The railways developed by SMT Scharf are 
characterized, above all, by high-performance engines, high working 
loads, high speed and low operating and maintenance costs. SMT Scharf
records more than 80% of its revenues on high-growth foreign markets,
such as Russia, China and South Africa. The replacement parts and 
repairs business constitutes about 40% of revenues. The advances in 
exploitation of resources make underground conditions increasingly 
difficult which in turn requires more high technology transport 
solutions in mining. The total market for underground transport 
technology comprises around EUR 5 billion to EUR 7 billion per year 
according to company estimates. SMT Scharf AG has been listed in the 
Prime Standard (regulated market) of the Frankfurt Stock Exchange 
since April 11, 2007.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations
cometis AG
Susanne Gremmler
Tel: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
e-mail: gremmler@cometis.de

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
München / free trade

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