EQS-News

SMT Scharf AG publishes results for the first quarter of 2024

EQS-News: SMT Scharf AG / Key word(s): Quarter Results SMT Scharf AG publishes results for the first quarter of 2024  15.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. SMT Scharf AG publishes results for the first quarter of 2024

• Consolidated revenues of EUR 12.5 million in Q1 2024
• Operating earnings (EBIT) at EUR -1.0 million
• Orders won in the Tunnel logistics segment create exceptionally high order book position, providing tailwind for the current financial year
• Managing Board confirms revenue and earnings forecast for 2024 

Hamm, 15 May 2024 – SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), one of the world’s leading suppliers of bespoke transport solutions and logistics systems for underground mining, is today publishing its figures for the first quarter of 2024. In the first three months of the 2024 financial year, the SMT Scharf Group generated consolidated revenues of EUR 12.5 million. This equates to a slight decline of 2.3 % by comparison with the same quarter in the previous year (Q1/2023: EUR 12.8 million). At the start of the year, SMT Scharf noticed a higher level of activity overall in the relevant mining markets. This was also felt in new systems business which grew again in the first quarter of 2024 and made a decisive contribution to sales revenues.

Earnings from operating activities (EBIT) in the first quarter of 2024 amounted to EUR -1.0 million (Q1/2023: EUR -1.1 million). This was due to higher personnel costs and increased costs from the use of external services. In the first three months of 2024, however, lower net currency losses and gains totaling EUR 416 thousand had a positive effect on the consolidated result. Accordingly, the EBIT margin (in relation to total operating revenue) stood at -6.8 % in the reporting period by comparison with -5.5 % in the same period in the previous year.