euro adhoc: SMT Scharf AG
Financial Figures/Balance Sheet
SMT Scharf AG
presents preliminary figures for 2008 and proposes divend of EUR 0.85
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Company Information
03.02.2009
Hamm, February 3, 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, clearly met its revenue forecast for 2008 and reached an EBIT in excess of the forecast figure. The company had to cut its forecast on November 7, 2008 as several Russian customers postponed projects at short notice. The previous forecast had been for revenues and earnings to increase. The new forecast for fiscal year 2008 was for revenues of between EUR 47 and 50 million with EBIT of between EUR 6.5 and 7.0 million.
The SMT Scharf Group recorded preliminary revenues of around EUR 49.7 million for the year 2008 compared to EUR 51.2 million in the previous year (-3%). At the same time, EBIT amounted to EUR 7.4 million, after EUR 7.5 million in the previous year (-1%). This was supported, in particular, by progress in making production more flexible and international as well as the successful launch of new products. The EBIT margin thus lifted from 14.6% to 14.9%.
Net income for 2008 totaled EUR 5.3 million. The previous year's figure of EUR 6.0 million enjoyed, in particular, a positive one-off impact from the reform of corporate taxation in Germany.
SMT Scharf AG's Managing and Supervisory Boards intend to propose to the General Meeting for fiscal year 2008 a dividend of EUR 0.70 together with a bonus dividend of EUR 0.15. The total dividend would thus be EUR 0.85 per share.
The company will publish its finalized figures for 2008 on March 9, 2009 on its Web site www.smtscharf.com.
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
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 over the course of the year 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.
Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse München / free trade
Original content of: SMT Scharf AG, transmitted by news aktuell