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SMT Scharf AG

EANS-News: SMT Scharf AG publishes figures for the first half of 2009

Hamm (euro adhoc) -

- Revenue in the first six months of 2009 up 38% to € 24.8 million 
- EBIT lifts 132% to € 3.6 million
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
finances/6-month report
August 14, 2009 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and 
global market leader for rail-bound railway systems for the mining 
sector, has successfully boosted its international business 
activities in the first half of 2009. This has led the SMT Scharf 
Group to increase its revenue to EUR 24.8 million compared to EUR 
18.0 million in the previous year (+38%). At the same time, the 
proportion of revenues generated outside Germany rose to 77% from the
previous year´s figure of 67%.
The first three months of 2009 had already been marked by contracts 
from customers in countries such as China and South Africa. The 
second quarter followed a similar pattern, with the SMT Scharf Group 
again attracting great interest from the aforementioned countries in 
particular. For instance, SMT Scharf was awarded major orders from 
new and existing customers in China, some of whom required short-term
deliveries. A number of trains ordered in the previous year by South 
African customers went into operation this year. The Russian market 
also showed initial signs of a recovery. SMT Scharf managed to obtain
the first new contracts there after months of near-zero investment by
Russian mine operators.
As a result, the profit from operating activities (EBIT) for the 
first six months rose to EUR 3.6 million, a 132% improvement on the 
previous year´s figure of EUR 1.5 million. This represents an EBIT 
margin of 14.4% compared to 8.6% in the first half of 2008. Measures 
taken to contain personnel costs and other operating expenditure were
of central importance to this growth. This enabled the group to 
neutralise the effects of unfavourable exchange rate developments.
"We got off to a good start in 2009 and have been able to continue in
the same vein in the second quarter. The fact that our revenue from 
foreign markets is increasing demonstrates that our chosen strategy 
of expansion will pay off in terms of further long-term growth," 
comments Dr. Friedrich Trautwein, CEO of SMT Scharf AG. He adds: "It 
is still very difficult to predict how demand for commodities and 
thus also our customers´ investments will develop over the next 
couple of months. However, despite some set-backs, the business 
successes we enjoyed in 2008, as well as the positive developments of
the past few months, reinforce our expectations that we can continue 
to increase the SMT Scharf Group´s revenues and earnings on average 
over the coming years."
The full financial report for the first half of 2009 will be 
available for download during the course of the day in the `Investor 
Relations´ area on the www.smtscharf.com website.
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:

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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