EANS-News: SMT Scharf increases revenues and earnings in the first nine months of 2010

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Financial Figures/Balance Sheet/9-month report

Hamm (euro adhoc) - - Revenues up to EUR 39.7 million compared to EUR
37.5 million in the previous year´s period - EBIT lifts 28% to EUR
6.4 million - Growth in both revenues and earnings forecast for the
year as a whole

Hamm, November 12, 2010 - 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
increased its revenues and earnings year-on-year in the first nine
months of 2010. Revenues totaled EUR 39.7 million after the first
nine months - up 6% on the same period of the previous year (EUR 37.5
million). At the same time, EBIT enjoyed above average growth of 28%
to EUR 6.4 million compared to EUR 5.0 million in the same period of
the previous year. As a result, the EBIT margin lifted to 16.2%
compared to 13.3% in the first nine months of 2009. Net income
increased to EUR 4.5 million compared to EUR 3.3 million in the
previous year. This is primarily due to the current lower tax rate.

Non-German markets accounted for 90% of total revenue (previous year:
80%). China was SMT Scharf´s most important individual market where
growth had already been recorded last year. China was followed by
Russia and other members of the Commonwealth of Independent States
(CIS). During the period under review, demand from these countries
returned to the level enjoyed prior to the international economic
crisis, having slumped in 2009.

The two UK mining supply companies acquired in May 2010, Dosco
Overseas Engineering Ltd. and Hollybank Engineering Co. Ltd. both
made a positive contribution to the SMT Scharf Group´s revenues and
earnings in the period under review. These two companies have also
substantially increased SMT Scharf´s product range.

"Business development, in particular in the last three months,
confirms our expectations that revenue and earnings will enjoy
positive growth during the current year," commented Dr. Friedrich
Trautwein, SMT Scharf AG´s CEO on the figures. "The general economy
is growing again, and in several markets this is having a
significantly positive effect on mining companies´ readiness to make
investments. What is more, our expanded product range means that we
can provide our customers with even more extensive service, and also
acquire new customer groups. That makes us confident that we will
also be able to lift our revenues and earnings on average over the
coming years."

The full report for the first nine months of 2010 will be available
for download at www.smtscharf.com ("Investor Relations" section)
during the course of today.

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