SMT Scharf AG lowers 2014 revenue forecast
preliminary Q1 2014 revenue and new order intake figures down significantly year-on-year
The final figures and report for the first quarter 2014 will be published on May 15, 2014. SMT Scharf AG will then also issue specific forecasts for operating output and profit from operating activities (EBIT) for the full 2014 year.
The Annual General Meeting of SMT Scharf AG will be held on May 7, 2014 in Hamm.
SMT Scharf AG
SMT Scharf Group develops, manufactures and services transport equipment for underground mines. The main products are captivated railways that are used all over the world, primarily in black coal mines, but also in mines for gold, platinum and other metals. These are needed to transport material and personnel with payloads of up to 45 tons on gradients of up to 35 degrees. SMT Scharf Group has subsidiaries in six countries and agents worldwide. SMT Scharf generates more than 90 % of revenues in growing foreign markets such as China, Russia and South Africa. Business with replacement parts and repairs contributes about half of revenue. The entire market for underground transport equipment is estimated to be EUR 5 to 7 billion per year. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007.