EQS-News

SMT Scharf AG releases final figures for the 2023 financial year

EQS-News: SMT Scharf AG / Key word(s): Annual Report SMT Scharf AG releases final figures for the 2023 financial year  10.04.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. SMT Scharf AG releases final figures for the 2023 financial year

• Consolidated revenue of EUR 73.2 million in 2023
• Operating result (EBIT) at EUR 4.0 million, EBIT margin of 4.9 %
• Significant revenue growth in spare parts and service business offset by noticeable decline in new systems business 
• Forecast for 2024: Based on conservative assumptions, consolidated revenue expected to be between EUR 74 million and EUR 79 million with EBIT between EUR 1.5 million and EUR 2.5 million

Hamm, 10 April 2024 – SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), a leading global provider of bespoke transport solutions and logistics systems for underground mining, recorded revenue of EUR 73.2 million in the 2023 financial year (2022: EUR 93.7 million). The spare parts business (+22.5 %) and service business (+20.8 %) posted significant growth while new business (-48.1 %) in 2023 reported a marked decline. The decline in revenues compared with the previous year is primarily due to mine operators’ reluctance to invest in new systems as well as to the postponement of project revenues until 2024.

Volker Weiss, CFO of SMT Scharf AG, commented as follows on the performance of the business in 2023: “We registered strong demand for spare parts and services in our core markets as mining customers focused on servicing and maintaining their fleets. This led to strong revenue growth in this segment. Besides continuing our sales activities in our important core markets around the world, we concentrated on further optimising our processes within the SMT Scharf Group. Our initiatives here were aimed at driving our own product development, making collaboration within the Group more efficient and counteracting general cost increases.”