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SMT Scharf AG

SMT Scharf AG publishes final figures for Q1 2007

Hamm (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances/quarterly figures
Hamm, 25 May 2007 - SMT Scharf AG (German
securities code number (WKN) 575198, ISIN DE0005751986), technology 
and global leader in derailment-proof rail systems for mining, today 
published its full report on the first quarter of 2007. The Company 
kicked off 2007 in line with its planning and has successfully driven
forward the internationalisation of its business. SMT Scharf AG´s 
Managing Board therefore expects a year-on-year increase in revenue 
and earnings for full year 2007.
SMT Scharf AG generated revenues of EUR 9.1 million in the first 
quarter of 2007, after EUR 12.2 million in the previous year (-26%). 
This decline is due to billing factors, since the first quarter of 
2006 was extremely strong. At the same time, the expansion of the 
Company´s operating business is reflected in the substantial increase
in its order backlog to EUR 16.2 million, up 28% year on year (EUR 
12.6 million). The Managing Board is therefore forecasting revenues 
to surpass 2006 values in the second half of the year.
The Company´s first-quarter operating profit was down on the figure 
for the previous year due to the lower revenues. Earnings before 
interest and taxes (EBIT) amounted to EUR 1.6 million, after EUR 1.9 
million in the previous year (-15%). At the same time, profitability 
increased due to efficiency gains raising the EBIT margin from 15.5% 
to 17.8%. Consolidated net profit for the period under review 
amounted to EUR 1.1 million (previous year: EUR 1.3 million). This 
represents earnings per share of EUR 0.35.
SMT Scharf AG´s key balance sheet figures improved: the equity ratio 
rose to 21.6% (including mezzanine finance: 37.3%). It further 
increased substantially after the end of the quarter due to the 
Company´s successful IPO. Dr. Friedrich Trautwein, CEO of SMT Scharf 
AG, is therefore upbeat about the future: "We got off to a successful
start and are in an excellent position to exploit international 
growth opportunities in particular!"
In view of the compromise reached by the coalition government in the 
past quarter on the future of hard coal mining in Germany in the 
period up to 2018, Dr. Trautwein added: "We firmly believe that, in 
the coming years, SMT Scharf AG will be able to more than offset any 
decrease in our domestic business through successful international 
expansion. This is impressively underlined by the recent order from 
Russia in excess of EUR 3 million."
The full report on the first quarter of 2007 is available to download
as from today at www.smtscharf.com in the "Investor Relations" 
section.
Company profile
The SMT Scharf group develops, builds and maintains derailment-proof 
rail 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 and South Africa, external employees in China and Russia, and 
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 50% of its revenues abroad, in 2006 64% of order 
intake was from high-growth foreign markets such as Russia, China and
South Africa. The replacement parts and repairs business constitutes 
around 55% 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.
end of announcement                               euro adhoc 25.05.2007 23:14:16

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

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