EANS-News: SMT Scharf AG reports further significant revenue and earnings growth
in 2012
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Financial Figures/Balance Sheet
Hamm (euro adhoc) - February 11, 2013 - SMT Scharf AG (German Securities Code
[WKN] 575198, ISIN DE0005751986), technology and world market leader for
monorail transport systems for underground mines, reports a further significant
increase in revenue and earnings for 2012, based on preliminary figures.
Full-year revenue for SMT Scharf Group reached EUR 105.4 million, a 28 %
increase to the previous year's EUR 82.1 million. 92 % of sales went to export
markets outside Germany. As in the previous year, China and Russia were the most
important regional markets.
Operation profit (EBIT) has grown to EUR 15.4 million, compared with EUR 14.5
million in the previous year. As percentage of operating output (instead of - as
in the previous year - revenue), this shows a slightly reduced EBIT margin of
14.8 % (previous year: 16.5 %). Consolidated net income stood at EUR 11.7
million, around 10 % ahead of the previous year's EUR 10.7 million, and
corresponding to EUR 2.82 of earnings per share.
The order backlog at year end stood at EUR 22.4 million, that is 57 % down from
EUR 52.0 million in the previous year.
For the Annual General Meeting, the Managing and Supervisory Boards intend to
propose a dividend for 2012, the precise level of which has yet to be announced.
The company plans to hold its AGM on April 17, 2013.
These results are preliminary, and may be adjusted during the ongoing audit. The
company intends to publish its final results on March 7, 2013, on its website
www.smtscharf.com under the Investor Relations area.
Company profile
The SMT Scharf group develops, manufactures, and services transport equipment
for underground mining and tunnelling. The main products are captivated railways
that are used all over the world, primarily in hard coal mines, but also in
mines for gold, platinum, copper, and other metals. They are needed to transport
material and personnel with payloads of up to 45 tons and on gradients of up to
35 degrees. SMT Scharf's other key products are roadheaders, equipment for
tunnel support, and chairlifts. SMT Scharf Group has subsidiaries in six
countries as well as agents worldwide. SMT Scharf generates more than 90 % of
its revenues in growing foreign markets such as Russia, China, and South Africa.
Business with spare parts and repairs accounts for around 45 % of revenue. The
entire market for underground transport equipment is estimated to be EUR 5 to 7
billion per annum. SMT Scharf AG has been listed in the Prime Standard
(Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007 and has
been included in the selective SDAX index since September 2012.
Further inquiry note:
Investor Relations
cometis AG
Henryk Deter / Patrick Ortner
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
e-mail: ortner@cometis.de
end of announcement euro adhoc
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company: SMT Scharf AG
Römerstr. 104
D-59075 Hamm
phone: +49(0)2381-960212
FAX: +49(0)2381-960311
mail: ir@smtscharf.com
WWW: http://www.smtscharf.com
sector: Machine Manufacturing
ISIN: DE0005751986
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English