EQS-News

SMT Scharf AG releases final figures for the 2023 financial year - Seite 3

The order intake in the reporting year of 2023 totalled EUR 72.9 million (2022: EUR 89.7 million). As of the reporting date of 31 December 2023, the SMT Scharf Group’s order book stood at EUR 22.6 million (31 December 2022: EUR 22.9 million).

Reinhard Reinartz, CEO of SMT Scharf, views the current year with optimism: “We expect the challenging environment in the market for mining equipment to persist in 2024. Nevertheless, we continue to see attractive growth opportunities for our company. For example, there is high demand for innovative, low emission transport and logistics solutions in the Chinese market thanks to the creation of new, high-tech mines. In this context, we welcome the fact that a strategic investor in the shape of Yankuang Energy Group which has strong roots in the local market and is able to leverage extensive synergy effects, intends to acquire a majority interest in SMT Scharf AG.”

For the 2024 financial year, based on conservative assumptions, the Managing Board of SMT Scharf AG is expecting consolidated revenue between EUR 74 million and EUR 79 million. Additionally, the Managing Board is expecting a profit from operating activities (EBIT) of between EUR 1.5 million and EUR 2.5 million.

The full 2023 annual report will be published in the course of today 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 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.