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SMT Scharf AG

SMT Scharf AG publishes Q1 figures 2008

Hamm (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances/Quarterly figures
Hamm, May 07, 2008 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and 
world market leader for rail-bound railway systems for the mining 
sector, continued its international expansion at the start of 2008. 
Revenues in the first quarter, which is traditionally weak, totaled 
EUR 9.0 million compared to EUR 9.1 million in the previous year (-1 
%). International revenues increased by 23 % to EUR 5.8 million. This
means that international revenues now account for 65% of total 
revenues compared to 52 % in Q1 2007.
Earnings in Q1 2008 were depressed by the temporary closure of the 
RAG mine in Germany's Saarland region after the earthquake on 
February 23, start-up costs for SMT Scharf AG's foreign branches in 
Russia and China, and delays in processing one project. EBIT fell 57 
% from EUR 1.6 million to EUR 0.7 million. Net income thus totaled 
EUR 0.5 million in the period under review (previous year: EUR 1.1 
million).
In 2008 and the years thereafter, SMT Scharf is aiming to generate 
further growth in its revenues and EBIT. However, it is not yet 
possible to fully assess which impact the further development in 
mining in the Saarland region will have on SMT Scharf.
Dr. Friedrich Trautwein, SMT Scharf AG's CEO continues to be 
optimistic about the future: "In 2007, we already recorded more than 
70% of our revenues in high-growth foreign markets such as China and 
Russia. That means that we have excellent foundations to compensate 
for the downturn in our German business that has already been 
predicted for several years."
The full report for the first quarter of 2008 can be downloaded at
www.smtscharf.com ("Investor Relations" section) from May 16, 2008.
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 in 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
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: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse München / free trade

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