EQS-News: SMT Scharf AG publishes preliminary results for 2024 and Managing and Supervisory Board propose the resumption of dividend payments

SMT Scharf AG publishes preliminary results for 2024 and Managing and Supervisory Board propose the resumption of dividend payments 

• Consolidated revenue up to EUR 95.0 million in the 2024 financial year 
• Operating earnings (EBIT) significantly improved to 4.8 million
• First-time full consolidation of Xinsha for the months of November and December 2024 with positive impact on sales and earnings
• Forecast for 2025: Consolidated revenue of between EUR 110 million and EUR 130 million and EBIT in the range of EUR 5.5 million to EUR 7.5 million expected
• Approved dividend policy provides for a dividend payment of at least 20% of the IFRS consolidated net profit after deduction of non-controlling interests; proposal of a dividend of 0.21 EUR per share for the 2024 financial year

Hamm, March 20, 2025 – SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2), one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, has significantly increased its consolidated revenue from EUR 73.2 million to EUR 95.0 million in the 2024 fiscal year, according to preliminary figures. This is therefore within the most recent forecast corridor of EUR 87 million to EUR 97 million. The first-time full consolidation of the joint venture company Shandong Xinsha Monorail Co., Ltd. (“Xinsha”) from November was largely responsible for the increase in revenue and ensured a significant increase in new equipment business in the reporting year.

Furthermore, according to preliminary calculations, operating earnings (EBIT) for the 2024 financial year increased significantly to EUR 4.8 million (2023: EUR 4.0 million). The EBIT forecast of between EUR 2.8 million and EUR 4.6 million last issued in October was therefore slightly exceeded. The first-time full consolidation of Xinsha also had a positive effect here and made a significant contribution to the increase in earnings.

Due to the fact that Xinsha will be fully consolidated for the entire reporting period for the first time in the 2025 financial year, the Executive Board expects consolidated revenue of between EUR 110 million and EUR 130 million and EBIT in the range of EUR 5.5 million to EUR 7.5 million for the 2025 financial year.

Liu Jun, CEO of SMT Scharf AG, explains: “The 2024 fiscal year was an extraordinary year for SMT Scharf, in which important decisions were successfully taken. With Yankuang, a strategic investor has acquired a majority stake in SMT Scharf AG, which is strongly anchored in the Chinese market. We have also strengthened our position on the capital market with the executed switch to the Prime Standard segment of the Frankfurt Stock Exchange. Meanwhile, SMT Scharf continued to face challenging market conditions on the mining equipment market. We are focusing even more on consistently continuing the strategic measures in our business segments and thus further strengthening the SMT Scharf Group's position on our target markets worldwide.”

Resumption of dividend payments

The Managing Board of SMT Scharf AG plans to resume dividend payments and, with the approval of the Supervisory Board, decided today to propose a dividend of EUR 0.21 per share for the 2024 financial year at the Annual General Meeting. The proposal for the appropriation of profits is to be submitted to the Annual General Meeting for approval following the adoption of the audited annual financial statements. Subject to the approval of the shareholders at the Annual General Meeting on May 20, 2025, the total dividend payment to shareholders will be approximately EUR 1.2 million. This dividend proposal is based on the dividend policy also approved today by the Managing Board and Supervisory Board. Accordingly, it is intended to distribute the net retained profits as a dividend to shareholders in the amount of at least 20% of the IFRS consolidated net profit after deduction of non-controlling interests.

The full report for the 2024 financial year will be published on March 27, 2025 at www.smtscharf.com in the Investor Relations section.


Company profile

The SMT Scharf Group develops, manufactures and services transportation equipment for underground mining as well as for tunnel construction. The main products include captivated railway systems that are deployed worldwide primarily in hard coal mines as well as in mines for gold, platinum and other metals. They are needed to transport material and personnel with payloads of up to 48 tonnes and on routes with gradients of up to 35 degrees. In addition, SMT Scharf supplies the mining sector with chairlifts. Since 2018, SMT Scharf’s diverse portfolio has also included rubber-tyred diesel and electric vehicles for mining and tunnelling, including loaders, scissor lifts and underground trucks. As part of the further diversification of the business, the product range has been successfully expanded since 2019 to include electronic components and control systems for mining and other industries. Overall, the SMT Scharf Group operates its own subsidiaries in seven countries and has agents around the world. Further information about the SMT Scharf Group can be found online at www.smtscharf.com.


Contact

Investor Relations
cometis AG
Thorben Burbach
Tel: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
E-mail: burbach@cometis.de