EANS-News: SMT Scharf AG publishes figures for H1 2010

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Company Information/Financial Figures/Balance Sheet/6-month report

Hamm (euro adhoc) - - Revenue of EUR 19.1 million after EUR 24.8
million in the previous year

- EBIT margin rises to 16.5% from 14.4% the previous year

- Growth in revenue and earnings forecast for year as a whole

Hamm, August 13, 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
EBIT margin in the first six months of 2010 although revenue was
lower. While revenue declined from EUR 24.8 million in the prior year
to EUR 19.1 million (-23%), EBIT fell by a disproportionately low
amount from EUR 3.6 million in H1 2009 to EUR 3.2 million (-12%). As
a result, the EBIT margin increased to 16.5% compared to last year´s
figure of 14.4%. A lower tax rate caused consolidated net income to
fall by only 6% to EUR 2.2 million compared to EUR 2.4 million in the
previous year.

Markets outside Germany contributed 86% to total revenue (previous
year: 77 %). In particular the Chinese market continued to enjoy
positive growth. The Chinese joint venture Shandong Xinsha Monorail
Co. Ltd. started its operations in June. In July, and thus shortly
after the end of the period under review, this company received its
first order from a Chinese industrial holding company.

In addition, SMT Scharf acquired Dosco Overseas Engineering Ltd. and
Hollybank Engineering Co. Ltd. during the second quarter. These are
two UK mining supply companies which will significantly increase SMT
Scharf´s product range in future. Both of these companies have close
links with SMT Scharf´s core business of rail-bound railway systems -
both in terms of their customers and the technology they use.´

"We have succeeded in lifting our profitability despite recording
lower revenue than in the first half of 2009," commented Dr.
Friedrich Trautwein, SMT Scharf AG´s CEO, on the figures. "Growth in
new enquiries in the first half of 2010 and the additional potential
stemming from the acquisition of the two UK companies has reinforced
our expectations that our revenue and earnings will enjoy positive
growth in the current year."

The full report for the first six months of 2010 will be published in
the course of the day online at www.smtscharf.com in the "Investor
Relations" section.

Company profile

The SMT Scharf group develops, builds and maintains transportation
equipment for mining and tunneling. The main product are rail-bound
railways which are used all over the world, primarily in hard coal
mines and underground mining for gold, platinum and other metals.
They are used to transport material and personnel with working loads
of up to 45 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, Great Britain, 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. 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
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade