euro adhoc: SMT Scharf AG
quarterly or semiannual financial statement
SMT
Scharf AG expects increase of revenues and profit for 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
3-month report
14.05.2007
Hamm, May 14, 2007 - SMT Scharf AG (WKN 575198, ISIN DE0005751986), world market leader for derailment-proof railway systems in mining, has started into 2007 according to plan.
In the first quarter of 2007 SMT Scharf achieved a turnover of 9.1 Mill. EUR, 26% less than in the previous year (12.2 Mill. EUR). The share of sales outside Germany reached 52% in the first quarter (previous year 48%). The order backlog was 16.2 Mill. EUR at quarter-end. This is 28% above the previous year´s figure (12.6 Mill. EUR).
Operating result (EBIT) decreased by 15% to 1.6 Mill. EUR (previous year 1.9 Mill. EUR) while the EBIT-margin increased to 17.8% from 15.5%. The net profit was supported by a reduced tax rate and came out at 1.1 Mill. EUR (previous year 1.3 Mill. EUR).
SMT Scharf further progresses in broadening its international scope. This leads to a larger share of projects which are delivered and invoiced towards the end of the year. This trend already is apparent in the increased order backlog.
For 2007 the Management expects that revenues will be higher than last year and that the net profit will be slightly higher than last year.
The complete financial report for the first quarter of 2007 will be published on the website www.smtscharf.com on May 25, 2007.
end of announcement euro adhoc 14.05.2007 21:13:10
Further inquiry note:
Contact
Investor relations
cometis AG
Henryk Deter
Tel.: +49(0)611 - 205855-13
Fax: +49(0)611 - 205855-66
e-mail: deter@cometis.de.
Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Bayerische Börse / free trade
Original content of: SMT Scharf AG, transmitted by news aktuell