EANS-News: SMT Scharf AG records significant increase in revenues and earnings in 2010

- Revenues up 26% (preliminary figures) to € 67.0 million
(previous year: € 53.3 million)

- EBIT lifts 46% to € 11.1 million (previous year: € 7.6 million)

- Proposed dividend of € 0.85 (previous year: € 0.70) per share

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Financial Figures/Balance Sheet

Subtitle: - Revenues up 26% (preliminary figures) to € 67.0 million
(previous year: € 53.3 million)

- EBIT lifts 46% to € 11.1 million (previous year: € 7.6 million)

- Proposed dividend of € 0.85 (previous year: € 0.70) per share

Hamm (euro adhoc) - February 7, 2011 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and
world market leader for rail-bound railway systems for the mining
sector, has again substantially increased its revenues and earnings
(preliminary figures) in fiscal year 2010. Over the year as a whole,
the SMT Scharf Group´s revenues lifted to EUR 67.0 million compared
to EUR 53.3 million in the previous year (+26%). Non-German markets
accounted for 91% of total revenue (previous year: 84%). China was
the most important individual market, followed by South Africa.

The company´s positive growth could also be clearly seen in its
earnings. The SMT Scharf Group increased its EBIT by a grand total of
46% to EUR 11.1 million (previous year: EUR 7.6 million). This
corresponds to an EBIT margin of 16.6% compared to 14.2% in the
previous year. EBIT includes non-cash income of EUR 0.8 million from
the first time consolidation of the UK mining suppliers Dosco
Overseas Engineering and Hollybank Engineering, which SMT Scharf
acquired in May 2010. Net income for the year grew by 60%, totaling
EUR 8.1 million according to preliminary figures (previous year: EUR
5.1 million).

"We are very pleased to have achieved this significant increase in
revenues and earnings in 2010," commented Dr. Friedrich Trautwein,
SMT Scharf AG´s CEO, on the company´s positive growth during the past
year. "Our internationalization strategy, which we have successfully
implemented over the past few years, means that we are now mostly
independent of the German market. The two companies we acquired last
year also have developed well and have made a positive contributions
to earnings, as forecast. That is why we are confident that we will
be able to further increase our revenues and earnings on average over
the coming years."

The Managing and Supervisory Boards intend to propose the General
Meeting for fiscal year 2010 to pay a dividend of EUR 0.85 per share.
Compared with the dividend paid in the previous year of EUR 0.70 per
share, the dividend is up 21%. In terms of the closing price of SMT
Scharf´s shares on February 4, 2011, this corresponds to a dividend
yield of 4.6%.

The company expects to publish its final figures for 2010 on March 4,
2011 on its website 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 area is
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. SMT Scharf´s other key
products are roadheaders, equipment for tunnel support and
chairlifts. The SMT Scharf Group has its own companies in Germany,
Poland, the United Kingdom, South Africa, China and Russia as well as
additional dealerships worldwide. SMT Scharf records more than 80% of
its revenue in high-growth foreign markets, such as Russia, China and
South Africa. Business with spare 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