DGAP-Adhoc

SMT Scharf AG: SMT Scharf AG lowers profit forecast for 2014 - sales forecast remains unchanged

SMT Scharf AG / Key word(s): Change in Forecast

31.07.2014 21:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Hamm, 31 July 2014 - The SMT Scharf AG (WKN 575198, ISIN DE0005751986),
technology and world market leader for captivated railway systems for
underground mines, is lowering its profit forecast for the financial year
2014. The company now anticipates a consolidated result of approximately
EUR -2 million (to date: break-even consolidated results). The sales
forecast for the year 2014 remains unchanged at EUR 45 million.

Due to the persistently difficult market environment, the Managing Board
took the decision on 31 July 2014 to further scale back the workforce in
the Hamm plant in addition to the reduction in employee numbers already
communicated. In 2014, one-off costs of approximately EUR 2 million,
incurred among other things by a social compensation plan, are expected to
burden the result for the period.

The final figures for the first half of 2014 and the six-month report 2014
will be published on 14 August 2014.


Issuer: SMT Scharf AG
Römerstr. 104
59075 Hamm
Tel: [phone]
Fax: [phone]
Sector: Mechanical engineering
ISIN: DE0005751986
Securities ID no.: 575198
Stock markets: regulated market/prime standard: Frankfurt, outside markets:
Berlin-Bremen, Düsseldorf, Hamburg, Munich, Stuttgart

< End of ad hoc announcement>


Company profile

SMT Scharf Group develops, manufactures and services transport equipment
for underground mines. The main products are captivated railways that are
used all over the world, primarily in black coal mines, but also in mines
for gold, platinum and other metals. These are needed to transport material
and personnel with payloads of up to 45 tons on gradients of up to 35
degrees. SMT Scharf Group has subsidiaries in six countries and agents
worldwide. SMT Scharf generates more than 90 % of revenues in growing
foreign markets such as China, Russia and South Africa. Business with
replacement parts and repairs contributes about half of revenue. The entire
market for underground transport equipment is estimated to be EUR 5 to 7
billion per year. SMT Scharf AG has been listed in the Prime Standard
(Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007.


Contact

Investor Relations
cometis AG
Henryk Deter / Patrick Ortner
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
e-mail: [e-mail]


31.07.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SMT Scharf AG
Römerstrasse 104
59075 Hamm
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.smtscharf.com
ISIN: DE0005751986
WKN: 575198
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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