SMT Scharf AG

EANS-News: SMT Scharf AG reports continuation of strong revenue and earnings growth in first half of 2011

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6-month report

Subtitle: Revenue up 62% to € 31.0 million / EBIT registers even faster growth
of 66% to reach € 5.2 million / H1 2011 orderbook position of € 41.8 million
reflects 75% year-on-year growth

Hamm (euro adhoc) - August 12, 2011 - SMT Scharf AG (WKN 575198, ISIN
DE0005751986), the technology and world market leader for derailment-proof rail
systems designed for the mining sector, generated significant revenue and
earnings growth in the first half of 2011. SMT Scharf reported revenue of EUR
31.0 million, representing a 62% year-on-year increase compared with the
previous year's figure of EUR 19.1 million. Of this amount, 88% was attributable
to markets outside Germany (previous year: 86%). 

Operating earnings (EBIT) registered even more rapid growth of 66% to reach EUR
5.2 million in the reporting period (previous year: EUR 3.2 million), allowing
SMT Scharf to achieve a 16.9% EBIT margin, compared with 16.5% in the first half
of 2010. The materials expense ratio increased to 60%, compared with 54% in the
prior-year period, due to shifts within the product mix, and stockbuilding. At
the same time, the company successfully reduced its personnel expense ratio to
22% (previous year: 28%). In overall terms, SMT Scharf AG generated EUR 4.3
million of consolidated net income, compared with EUR 2.2 million in the
comparable period of 2010. Along with the operating business growth, this
disproportionately rapid rate of net profit growth is attributable to a lower
tax rate. 

SMT Scharf AG reported an orderbook position of EUR 41.8 million as of the end
of the first half of 2011, reflecting a 75% increase compared with the previous
year's level of EUR 23.9 million. 

Dr. Friedrich Trautwein, CEO of SMT Scharf AG, expressed his gratification with
the Group's dynamic growth in the first six months of 2011: "The successful
trend in the second quarter delivers visible evidence of our
internationalisation strategy's success. Particularly in China, we are
benefiting to great extent from the market growth there, thanks to our Chinese
company and our joint venture. We also identify significant potential for our
products in other countries such as Russia and South Africa. Our aim is to
participate in these markets' growth, as well as to tap markets beyond these." 

The complete report for the first half of 2011 will be made available during the
course of the day on the company's website at www.smtscharf.com within the
"Investor Relations" area. 



Company profile

The SMT Scharf group develops, builds and maintains transportation equipment for
mining and tunneling. The main product area is rail-bound railways which are
used all over the world, primarily in hard coal mines and underground mining for
gold, platinum and other metals. They are used to transport material and
personnel with working loads of up to 45 tons. Rail-bound railways are the only
means of underground transport that can be used on branching lines to cope with
inclines of more than 13 degrees. SMT Scharf´s other key products are
roadheaders, equipment for tunnel support and chairlifts. The SMT Scharf Group
has its own companies in eight countries as well as additional dealerships
worldwide. SMT Scharf records more than 80% of its revenue in high-growth
foreign markets, such as Russia, China and South Africa. Business with spare
parts and repairs accounts for around 40% of revenue. The entire market for
underground transport technology comprises EUR 5 billion to EUR 7 billion per
year according to the company´s estimates. SMT Scharf AG has been listed in the
Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April
11, 2007.


Further inquiry note:
Investor Relations
cometis AG
Dominic Großmann
Tel: +49(0)611 - 205855-15
Fax: +49(0)611 - 205855-66 
e-mail: grossmann@cometis.de

end of announcement                               euro adhoc 
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company:     SMT Scharf AG
             Römerstr. 104
             D-59075 Hamm
phone:       +49(0)2381-960212
FAX:         +49(0)2381-960311
mail:     ir@smtscharf.com
WWW:      http://www.smtscharf.com
sector:      Machine Manufacturing
ISIN:        DE0005751986
indexes:     CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
             Hamburg, Stuttgart, Düsseldorf, München 
language:   English
 



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