SMT Scharf AG Unveils Q1 2024 Results: Key Highlights and Insights

• SMT Scharf AG published its Q1 2024 results, with consolidated revenues of EUR 12.5 million, a slight decline of 2.3% compared to Q1 2023.
• The company's operating earnings (EBIT) for Q1 2024 were EUR -1.0 million, due to higher personnel costs and increased costs from the use of external services.
• SMT Scharf AG won orders in the Tunnel logistics segment, creating a high order book position and providing a boost for the current financial year.
• The company confirmed its revenue and earnings forecast for 2024.
• In the first three months of 2024, SMT Scharf AG's revenues in its New systems business increased to EUR 4.7 million, and revenues in the Service business also climbed to EUR 1.5 million.
• The order intake in Q1 2024 was EUR 41.7 million, significantly exceeding the previous year's figure of EUR 16.8 million, and the order book stood at EUR 51.9 million as of 31 March 2024.

The price of SMT Scharf at the time of the news was 6,6750EUR and did not change compared to the previous day.
19 minutes after the article was published, the price was 6,5750EUR this corresponds to a minus of -1,50 % since publication.

SMT Scharf

+0,37 %

-0,74 %

+2,29 %

-0,37 %

-30,75 %

-35,89 %

-50,25 %

-60,74 %

-31,77 %

ISIN:DE000A3DRAE2WKN:A3DRAE

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