SMT Scharf AG publishes Q1 figures 2008

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

finances/Quarterly figures

Hamm (euro adhoc) - Hamm, May 07, 2008 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and
world market leader for rail-bound railway systems for the mining
sector, continued its international expansion at the start of 2008.
Revenues in the first quarter, which is traditionally weak, totaled
EUR 9.0 million compared to EUR 9.1 million in the previous year (-1
%). International revenues increased by 23 % to EUR 5.8 million. This
means that international revenues now account for 65% of total
revenues compared to 52 % in Q1 2007.

Earnings in Q1 2008 were depressed by the temporary closure of the
RAG mine in Germany's Saarland region after the earthquake on
February 23, start-up costs for SMT Scharf AG's foreign branches in
Russia and China, and delays in processing one project. EBIT fell 57
% from EUR 1.6 million to EUR 0.7 million. Net income thus totaled
EUR 0.5 million in the period under review (previous year: EUR 1.1
million).

In 2008 and the years thereafter, SMT Scharf is aiming to generate
further growth in its revenues and EBIT. However, it is not yet
possible to fully assess which impact the further development in
mining in the Saarland region will have on SMT Scharf.

Dr. Friedrich Trautwein, SMT Scharf AG's CEO continues to be
optimistic about the future: "In 2007, we already recorded more than
70% of our revenues in high-growth foreign markets such as China and
Russia. That means that we have excellent foundations to compensate
for the downturn in our German business that has already been
predicted for several years."

The full report for the first quarter of 2008 can be downloaded at
www.smtscharf.com ("Investor Relations" section) from May 16, 2008.

Company profile

The SMT Scharf Group develops, builds and maintains rail-bound
railway systems for mining and use in tunnels. The trains are used
all over the world, primarily in hard coal mines, gold mines and in
underground mining for platinum, diamonds, copper and nickel. They
are used to transport material and personnel with working loads of up
to 35t. Rail-bound trains are the only means of transport that can be
used underground on branching lines to cope with inclines of more
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany,
Poland, South Africa, China and Russia, as well as agencies around
the world. The railways developed by SMT Scharf are characterized,
above all, by high-performance engines, high working loads, high
speed and low operating and maintenance costs. SMT Scharf records
more than 70% of its revenues in high-growth foreign markets such as
Russia, China and South Africa. The replacement parts and repairs
business constitutes around 50% of revenues. The advances in
exploitation of resources make underground conditions increasingly
difficult which in turn requires more high technology transport
solutions in mining. The total market for underground transport
technology comprises around EUR 5 billion to EUR 7 billion per year
according to company estimates. SMT Scharf AG has been listed in the
Prime Standard (regulated market) of the Frankfurt Stock Exchange
since April 11, 2007.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: SMT Scharf AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact

Investor Relations

cometis AG

Henryk Deter

Tel.: +49(0)611 - 205855-13

Fax: +49(0)611 - 205855-66

e-mail: deter@cometis.de

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse München / free trade