EANS-News: SMT Scharf AG records revenue and earnings growth in the first nine months of 2009

- Nine-month revenue up 21% to EUR 37.5 million

- EBIT lifts 18 % to EUR 5.0 million

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quarterly report

Subtitle: - Nine-month revenue up 21% to EUR 37.5 million
- EBIT lifts 18 % to EUR 5.0 million

Hamm (euro adhoc) - November 9, 2009 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and
world market leader for rail-bound railway systems for the mining
sector, successfully continued its international expansion in the
first nine months of 2009. The SMT Scharf Group´s revenue increased
to EUR 37.5 million in the period from January to September 2009
compared to EUR 30.9 million in the previous year (+21%). The company
also recorded 18% growth in its EBIT to EUR 5.0 million (previous
year: EUR 4.2 million).

As was already the case in the first and second quarter of 2009, SMT
Scharf recorded revenue growth in China and South Africa in
particular. For example, in August 2009, SMT Scharf received an order
from China for five monorail hanging railway trains to be supplied on
short notice. This order has a value of more than EUR 2 million. In
contrast, the Russian market remained weaker compared to the previous
year, despite initial signs of a recovery. At the same time, business
in Germany in the third quarter lagged behind expectations. As a
result, the proportion of revenue recorded outside Germany increased
to 80% over the first nine months (previous year: 72%).

The EBIT margin after nine months totaled 13.3% compared to 13.7%
last year. This slight downturn is due, in particular, to provisions
for staff adjustments at the Hamm facility and to a shortfall of
orders at the Neunkirchen facility that could not be compensated for
immediately. As was the case in the first nine months of 2008,
earnings after taxes totaled EUR 3.3 million.

"We are very pleased with our growth in the first nine months of
2009, even if customers are not yet investing in certain markets,
such as Russia, to the usual extent," commented Dr. Friedrich
Trautwein, SMT Scharf AG's CEO. He added: "It remains very difficult
to predict how our customers´ investments will develop in the coming
weeks and months. As a result it is not possible to make a concrete
forecast for SMT Scharf´s revenues and earnings for fiscal year 2009
from the current viewpoint. However, developments over the past
months have reinforced our expectations that we will be able to
increase the SMT Scharf Group´s revenues and earnings on average over
the coming years."

The full report for the first nine months of 2009 will be available
for download at www.smtscharf.com ("Investor Relations" section)
during the course of November 13, 2009.

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

Further inquiry note:

Investor Relations

cometis AG

Susanne Gremmler

Tel: +49(0)611 - 205855-23

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

e-mail: gremmler@cometis.de

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