DGAP-News: SMT Scharf AG / Key word(s): Half Year Results 
SMT Scharf AG reports significant revenue and earnings growth in the first half of 2021 
2021-08-13 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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SMT Scharf AG reports significant revenue and earnings growth in the first half of 2021 
  . Group revenue rises to EUR 30.8 million in H1 2021 
  . Operating profit (EBIT) improves to EUR 3.1 million 
  . Continued high order book position of EUR 45.1 million as of the reporting date 
  . FY 2021 forecast raised: consolidated revenue now expected to be in a range between EUR 72 million and EUR 77 
    million and EBIT between EUR 5 million and EUR 6 million 
  . Tunnel Logistics: "Snowy Mountain 2.0" order drives diversification further ahead 
Hamm, August 13, 2021 - SMT Scharf AG (WKN 575198, ISIN DE0005751986), one of the world's leading suppliers of 
customised transport solutions and logistics systems for underground mining, reports consolidated revenue growth of 
30.5% to EUR 30.8 million in the first six months of this fiscal year (H1 / 2020: EUR 23.6 million). Profit from 
operating activities (EBIT) increased to EUR 3.1 million (H1 / 2020: EUR -1.8 million), thereby already recorded ahead 
of the originally EBIT forecast of EUR 2.5 million to EUR 3.0 million. Due to an order in China that has not yet been 
fully executed, final revenue and earnings figures deviate slightly from the announced preliminary figures for 
consolidated revenue and EBIT. The significant revenue and earnings growth is mainly attributable to a recovery in the 
new equipment business, as well as the highly profitable after-sales business in the Group's target markets, despite 
COVID-19-related restrictions. Consolidated net income for the first six months of 2021 amounted to EUR 3.6 million (H1 
/ 2020: EUR -1.5 million). 
Hans Joachim Theiss, CEO of SMT Scharf AG, notes: "Despite continued restrictions due to the pandemic, the second 
quarter showed an upturn in both new equipment and after-sales business in mining markets worldwide. Overall, this led 
to significant revenue and earnings growth in the first half of the year, and we even exceeded our earnings 
expectations. The order book position remains at a record level, as China III machines that have already been delivered 
could not yet be recognised as revenue in accordance with IAS 18. We still expect to receive final approval for the new 
generation of machines before the end of the third quarter." 
In the first half of 2021, positive revenue growth was recorded in both the new equipment as well as the spare parts 
and service businesses. SMT Scharf's new equipment business grew its revenue by 23.0% from EUR 11.3 million in the same 
period of the previous year to EUR 13.9 million. In the spare parts and service business, revenue also reflected a 
significant increase of 35.2% to EUR 16.5 million (H1 / 2020: EUR 12.2 million). The company also posted growth in its 
"Others" division, generating revenue of EUR 0.4 million (H1 / 2020: EUR 0.1 million). 
By region, revenue in China performed very positively in the first half of 2021 and, at EUR 8.1 million, stood 22.7% 
higher than the level figure for the previous year (H1 / 2020: EUR 6.6 million). Thanks to this growth, China once 
again ranks as SMT Scharf's most important foreign market. Further growth potential is offered there after final 
approval of the machines in accordance with the China III standard, which has been mandatory for Chinese mining 
companies since this year. Russia recorded an 18.8% decrease in revenue to EUR 6.9 million in H1 / 2021 (H1 / 2020: EUR 
8.5 million), reflecting lower revenue from legacy projects in the reporting period. In Poland, by contrast, revenue 
reported a marked increase to EUR 3.9 million compared to EUR 2.5 million in the first half of 2020. Significant 
revenue growth to EUR 7.0 million was also recorded in the African market (H1 / 2020: EUR 1.0 million). Revenue in 
Germany remained constant at EUR 1.0 million in the reporting period (H1 / 2020: EUR 1.0 million). 
In the first six months of 2021, the SMT Scharf Group's new order intake amounted to EUR 39.3 million, up on the 
previous year's level of EUR 31.4 million. The order book position stood at EUR 45.1 million as of June 30, 2021, 
reflecting the ongoing approval issue for China III machines. 
In addition, SMT Scharf has meanwhile acquired a EUR 2.7 million order for its Tunnel Logistics division for the major 
state energy project "Snowy Mountain 2.0", which represents an important step towards expanding its business with 
tunnel logistics for major construction sites to form a further key business pillar. 
"We are pleased that the order awarded to us as part of the Australian government's Snowy Mountain 2.0 energy project 
is contributing to the ongoing diversification of our business. It also gives us further tailwind for the second half 
of the year. With regard to the full 2021 year, we expect the forecast global upturn to continue to have positive 
effects on the global mining equipment market, and we also anticipate significant subsequent recognition of revenue and 
earnings from the China III approval expected in the near future." 
Thanks to the positive business growth in the first half of the year, SMT Scharf has raised its forecast for the full 
2021 fiscal year and is now forecasting consolidated revenue in a range between EUR 72 million and EUR 77 million and 
EBIT in a range between EUR 5 million and EUR 6 million. 
The complete report for the first half of 2021 will be published during the course of today within the Investor 
Relations area of www.smtscharf.de. 
Company profile 
The SMT Scharf Group develops, manufactures and services transportation equipment for underground mining as well as for 
tunnel construction. Its main products include captivated railway systems that are deployed worldwide, primarily in 
hard coal mines, as well as in mines for gold, platinum and other metals. Such systems are required in order to 
transport material and personnel with payloads of up to 48 tonnes and on gradients of up to 30 degrees. In addition, 
SMT Scharf supplies the mining sector with chairlifts. Since 2018, SMT Scharf's diverse portfolio has also included 
rubber-wheeled diesel and electric vehicles for mining and tunnelling, including loaders, scissor lifts and underground 
trucks. As part of the further diversification of the business, the product range has been successfully expanded since 
2019 to include electronic components and control systems for mining and other industries. Overall, the SMT Scharf 
Group is active with subsidiaries in eight countries, as well as commercial agencies worldwide. SMT Scharf generates a 
large share of its revenue in growing foreign markets such as China, Russia, Poland and South Africa. 
Contact 
Investor Relations 
cometis AG 
Thorben Burbach 
Phone: +49 (0) 611 - 205855-23 
Fax: +49 (0) 611 - 205855-66 
Email: burbach@cometis.de 
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2021-08-13 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Language:     English 
Company:      SMT Scharf AG 
              Römerstrasse 104 
              59075 Hamm 
              Germany 
Phone:        +49 2381 960-01 
Fax:          +49 2381 960-311 
E-mail:       info@smtscharf.com 
Internet:     www.smtscharf.com 
ISIN:         DE0005751986 
WKN:          575198 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), 
              Tradegate Exchange 
EQS News ID:  1226211 
 
End of News   DGAP News Service 
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1226211 2021-08-13

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August 13, 2021 01:30 ET (05:30 GMT)