59075 Hamm, de
+49 (611) 205855-13
SMT Scharf AG achieves significant increase in revenue and earnings in 2011, and proposes € 0.95 dividend
Growth in operating profit (EBIT) for the SMT Scharf Group was even higher than revenue growth, increasing to € 14.5 million compared to € 11.1 million in the previous year. This corresponds to 31% growth, and a 17.6% EBIT margin (previous year: 16.6%). Consolidated net income stood at € 10.5 million according to preliminary figures, 31% ahead of the previous year's € 8.0 million. This implies € 2.56 earnings per share.
The Managing and Supervisory Boards intend to propose that the Annual General Meeting resolves to distribute a € 0.95 dividend per share for the 2011 fiscal year, representing a 12% increase compared to the previous year (€ 0.85 per share). The company plans to hold its AGM on April 25, 2012.
The company will prospectively publish its final results on March 8, 2012, on its website www.smtscharf.com within the Investor Relations area.
Issued by: SMT Scharf AG
Sector: Mechanical engineering
German Securities Identification Number (WKN): 575198
Stock exchanges: Regulated Market/Prime Standard: Frankfurt, Regulated Unofficial Market:Berlin-Bremen, Düsseldorf, Hamburg, Munich, Stuttgart
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