SMT Scharf AG achieves significant increase in revenue and earnings in 2011, and proposes € 0.95 dividend

(PresseBox) ( Hamm, )
SMT Scharf AG (German Securities Code [WKN] 575198, ISIN DE0005751986), technology and world market leader for rail-bound railway systems for the mining sector, reports a further significant increase in revenue and earnings in fiscal year 2011 on the basis of preliminary figures. Full-year revenue for the SMT Scharf Group was up by 23% to reach € 82.1 million, compared with € 66.7 million in the previous year. Markets outside Germany contributed 90% to revenue, with China once again featuring as the Group's most important market.

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 within the Investor Relations area.

Issued by: SMT Scharf AG
Römerstr. 104
59075 Hamm
Tel.: +49(0)2381-960212
Fax: +49(0)2381-960311
Sector: Mechanical engineering
ISIN: DE0005751986
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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