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SMT Scharf AG

EANS-News: SMT Scharf publishes figures for Q1 2009

Hamm (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
finances
- Revenues in Q1 up 36 % to EUR 12.2 million
- EBIT lifts 72 % to EUR 1.2 million
- Acquisition of own shares announced
Hamm, May 15, 2009 - SMT Scharf AG (German Securities Code (WKN) 
575198, ISIN DE0005751986), technology and world market leader for 
rail-bound railway systems for the mining sector, started the new 
fiscal year 2009 with a significant upswing in its revenues and 
earnings. The SMT Scharf Group´s revenues increased to EUR 12.2 
million in the first quarter of 2009 compared to EUR 9.0 million in 
the previous year (+36 %). 76 % of this total was generated outside 
Germany (previous year: 65 %).
In particular orders from China, South Africa and Poland contributed 
to the excellent growth last quarter. Among others, SMT Scharf was 
able to conclude a key leasing agreement in Poland for six DZ 1500 
monorail hanging railways. The company invoiced a Russian order that 
the customer had pushed back at short notice in November 2008.
Profit from operating activities (EBIT) improved to EUR 1.2 million, 
after EUR 0.7 million in the same period of the previous year (+72 
%). This corresponds to an EBIT margin of 9.8 %, up from 7.8 % in the
previous year´s first quarter. Lower personnel expenses played the 
greatest role in this increase. In contrast, other operating expenses
in the first quarter of 2009 climbed in connection with the growth in
foreign business and negative exchange rate developments.
"The first quarter of 2009 has been very positive for SMT Scharf. 
However, it is currently still very hard to predict how demand for 
commodities and thus also our customers´ investments will develop 
over the remainder of the year. Despite some set-backs, the 
successful growth in our international business in 2008 and the first
three months of 2009 has reinforced our expectations that we will be 
able to further increase the SMT Scharf Group´s revenues and earnings
on average over the coming years," commented Dr. Friedrich Trautwein,
CEO of SMT Scharf AG.
In addition, SMT Scharf has announced today that its Managing Board 
has resolved to start acquiring own shares within the authorization 
of the Annual General Meeting held on April 23, 2009. This has 
authorized the company to acquire up to 10% of its respective share 
capital by October 22, 2010. The buy-back will be in line with the 
provisions of Sections 14 (2) and 20a (3) of the 
Wertpapierhandelsgesetz (German Securities Trading Act) and the 
provisions of Regulation (EC) No. 2273/2003. All purchases under the 
buy-back will be made on the stock exchange and will be executed by a
bank independent from the company.
Information on the acquisitions will be published in good time on the
company´s Web site www.smtscharf.com in the "Investor Relations" 
segment. The full financial report for the first quarter of 2009 will
also be available for download from the Web site during the course of
the day.
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 70% of its revenues on high-growth foreign markets, such as
Russia, China and South Africa. The replacement parts and repairs 
business constitutes around 50% 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:

Contact

Investor relations
cometis AG
Susanne Gremmler
Phone: +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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