DGAP-News

SMT Scharf AG makes solid start to FY 2021 - Seite 2

Given a continued difficult market environment, revenue of EUR 3.7 million was generated in the new systems business (Q1 2020: EUR 5.4 million). Revenue in the service and spare parts business rose to EUR 7.1 million (Q1 / 2020: EUR 5.3 million). SMT Scharf continued to generate the largest share of its consolidated revenues in the Coal segment. Here, the company generated revenue of EUR 6.6 million in the first quarter, which corresponds to a revenue share of 61 % (Q1 / 2020: 66 % or EUR 7.1 million). The revenue share accounted for by the Mineral Mining segment increased relatively slightly to 34 %, or EUR 3.7 million (Q1 / 2020: 31 % or EUR 3.3 million). In addition, the Tunnel segment contributed EUR 0.2 million or 2 % (Q1 / 2020: 1 % or EUR 0.1 million), and the Other Industries segment EUR 0.3 million, or 3 %, to Group revenues, as in the previous year.

In the first three months of 2021, the SMT Scharf Group's new order intake amounted to EUR 22.5 million, up considerably on the previous year (Q1 / 2020: EUR 15.1 million). As of March 31, 2021 reporting date, the order book position rose to EUR 48.3 million, reflecting delayed order invoicing given the coronavirus crisis, as well as revenue recognition (in accordance with IAS 18) in relation to China III orders received, final approval of which by the Chinese regulatory authorities is still pending.

In March 2021, the subsidiary SMT Scharf Africa moved into a larger production facility in Johannesburg, South Africa, thereby doubling its production capacity. In the future, electrically powered vehicles will also be manufactured or reconditioned there for mining customers from all over the world. With the construction of this new plant, SMT Scharf is strengthening its positioning in the African mining sector. This location also serves as a regional production and support centre for monorail hanging railway and chairlift products.

"The new manufacturing facility in South Africa will help us to further develop our electrical expertise within the Group, and meet demand for underground electric vehicles. We also look to China with confidence. In the second quarter, we expect both batch and prototype approval for China III machines. The new China III standard will be mandatory for Chinese mining companies from this year on, so we expect correspondingly positive impulses for our business over the further course of the year," explains Theiss.