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SMT Scharf AG Römerstrasse 104 59075 Hamm, Germany http://smtscharf.com
Contact Mr Henryk Deter +49 611 20585513
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SMT Scharf AG

SMT Scharf AG: Weak market for mining equipment continues to impact Q1 2014 business trends

(PresseBox) (Hamm, )
.
- Revenue down -36.4 % to EUR 9.6 million (Q1/2013: EUR 15.1 million)
- EBIT at EUR 0.1 million (Q1/2013: EUR 3.2 million).
- Extensive package of measures ("costs + sales + innovation") as response to weak market environment
- FY 2014 forecast adjustment: Revenue of EUR 45 million, EBIT of EUR 1.0 million, break-even at net income

SMT Scharf AG (WKN 575198, ISIN DE0005751986), the technology and world market leader for captivated railway systems for underground mines, continued to feel the impact of mine operators' reticence to invest during the first quarter of 2014.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.