SMT Scharf AG
ISIN: DE000A3DRAE2
WKN: A3DRAE
30 October 2024 10:55AM

EQS-News: SMT Scharf AG significantly raises its revenue and earnings forecast for 2024 

SMT Scharf AG · ISIN: DE000A3DRAE2 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2007125

EQS-News: SMT Scharf AG / Key word(s): Change in Forecast
SMT Scharf AG significantly raises its revenue and earnings forecast for 2024 

30.10.2024 / 10:55 CET/CEST
The issuer is solely responsible for the content of this announcement.


SMT Scharf AG significantly raises its revenue and earnings forecast for 2024 

  • First time consolidation of joint venture company Shandong Xinsha Monorail Co., Ltd. as of 1 November 2024
  • New forecast for 2024: consolidated revenue expected between EUR 87 million and EUR 97 million and operating earnings (EBIT) between EUR 2.8 million and EUR 4.6 million
  • High-tech mines in China offering attractive growth potential 

Hamm, 30 October 2024 – SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2), one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, is substantially raising its revenue and earnings forecast for the 2024 financial year. The reason for this development lies in the first time consolidation of the joint venture company Shandong Xinsha Monorail Co., Ltd. (“Xinsha”) which will be consolidated effective 1 November 2024 due to amended contractual agreements between the joint venture partners.

Accordingly, the Management Board now anticipates a range of consolidated revenue between EUR 87 million and EUR 97 million for the 2024 fiscal year. In addition, a range of operating earnings (EBIT) between EUR 2.8 million and EUR 4.6 million is forecasted. SMT Scharf AG has previously anticipated a range of consolidated revenue between EUR 74 million to EUR 79 million and a range of operating earnings (EBIT) between EUR 1.5 million to EUR 2.5 million for 2024.

The forecast growth will be due to Xinsha’s revenue and operating earnings (EBIT) for November and December 2024, with revenue expected to come in between EUR 13 million and EUR 18 million and operating earnings between EUR 1.3 million and EUR 2.1 million. The effects of Xinsha’s consolidation may be even higher for the financial year 2025, because Xinsha will then be consolidated for the full year.

Liu Jun, CEO of SMT Scharf AG, commented as follows: “We see attractive business potential for SMT Scharf in underground mining in China. Here we are focusing on high-tech coal mines relying on modern mining technology. As SMT Scharf, we can supply high-quality transport and logistics systems which meet the required standards and are tailored to the individual conditions of the mine. Together with Xinsha, we will continue to drive product development and sales activities at a local level forward in order to leverage synergy effects and further expand our position in the Chinese market.”


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 30 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 is active with subsidiaries in seven countries, as well as commercial agencies worldwide. Further information about the SMT Scharf Group can be found online at www.smtscharf.com.


Contact

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



30.10.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: SMT Scharf AG
Römerstrasse 104
59075 Hamm
Germany
Phone: +49 2381 960-01
Fax: +49 2381 960-311
E-mail: info@smtscharf.com
Internet: www.smtscharf.com
ISIN: DE000A3DRAE2
WKN: A3DRAE
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 2007125

 
End of News EQS News Service

2007125  30.10.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2007125&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 70,80 75,40 50,18 85,87 93,71 73,17 78,00
EBITDA1,2 6,98 9,67 -1,45 13,89 17,02 7,20 5,50
EBITDA-Margin3 9,86 12,83 -2,89 16,18 18,16 9,84 7,05
EBIT1,4 5,30 6,82 -8,13 11,24 14,32 3,95 2,20
EBIT-Margin5 7,49 9,05 -16,20 13,09 15,28 5,40 2,82
Net Profit (Loss)1 4,63 5,74 -8,05 12,58 14,80 5,23 3,50
Net-Margin6 6,54 7,61 -16,04 14,65 15,79 7,15 4,49
Cashflow1,7 -3,09 2,99 2,79 -5,50 5,68 3,88 2,85
Earnings per share8 1,01 1,20 -1,79 2,45 2,73 0,89 0,61
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Rödl & Partner

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
SMT Scharf
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A3DRAE DE000A3DRAE2 AG 41,13 Mio € 11.04.2007 Kaufen 9F39PQ58+24
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
11,46 12,01 0,95 8,58 0,48 10,61 0,56
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
22.05.2024 15.05.2024 28.08.2024 13.11.2024 10.04.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+3,47%
7,45 €
ATH 27,98 €
-6,86% +3,17% +16,41% +16,41% -21,58%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL