EANS-News: SMT Scharf AG publishes figures for Q1 2010

- Revenue of € 8.8 million after € 12.2 million in the previous year

- Increase in EBIT to € 1.4 million from € 1.2 million

- EBIT margin risen to 16.4% from 9.8% the previous year

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3-month report

Subtitle: - Revenue of € 8.8 million after € 12.2 million in the
previous year - Increase in EBIT to € 1.4 million from € 1.2 million
- EBIT margin risen to 16.4% from 9.8% the previous year

Hamm (euro adhoc) - Hamm, May, 14 2010 - SMT Scharf AG (German
securities code (WKN) 575198, ISIN DE0005751986), technology and
global market leader for rail-bound railway systems for the mining
industry, has improved its earnings year-on-year although revenue was
lower. While revenue declined from EUR 12.2 million in the prior year
to EUR 8.8 million ( 28%), EBIT for the same period increased to EUR
1.4 million from EUR 1.2 million (+20%). Markets outside Germany
contributed 86% to total revenue (previous year: 76%). In particular,
the Chinese market enjoyed positive growth from January to March
2010.

At the same time, the EBIT margin increased to 16.4% in comparison to
9.8% in the previous year. Profit growth benefited from lower other
operating expenses, in particular lower distribution costs, and
favorable exchange rates. Consolidated net income also increased to
EUR 1.0 million this year from EUR 0.8 million for the same period
last year.

"We are pleased that we have enjoyed positive earnings growth in the
first quarter of 2010 despite the challenging economic environment on
several of our key markets," commented Dr. Friedrich Trautwein, SMT
Scharf AG´s CEO, on the figures. "The successful development of our
international business in 2009 as well as profit growth in the first
quarter of 2010 strengthen our faith in our strategy to continue to
drive our business in dynamic foreign markets such as China, Russia
or South Africa."

The company expects to achieve additional growth potential from the
two British mining suppliers it acquired at the beginning of May. The
acquisition is expected to have a positive impact on the SMT Scharf
Group´s earnings in the current fiscal year.

The full financial report for the first quarter of 2010 will be
published in the course of today on the company´s Web site
www.smtscharf.com in the Investor Relations section.

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, in gold mines and
underground mining for platinum, diamonds, copper and nickel. They
are used to transport material and personnel with working loads of up
to 35 tons. Rail-bound railways are the only means of underground
transport that can be used on branching lines to cope with inclines
of more than 13 degrees. The SMT Scharf Group has its own companies
in Germany, Poland, South Africa, China and Russia and additional
dealerships. The railways that SMT Scharf develops are characterized
in particular by their high-performance engines, great transport
performance and low operating and maintenance costs. SMT Scharf
records more than 80% of its revenue in high-growth foreign markets,
such as Russia, China and South Africa. Business with replacement
parts and repairs accounts for around 40% of revenue. As a result of
the continuing depletion of deposits and due to increasingly
difficult conditions, high-tech transport solutions are needed for
mining operations. The entire market for underground transport
technology comprises EUR 5 billion to EUR 7 billion per year
according to the company´s 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:

Contact

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