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

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet

Hamm (euro adhoc) - - Revenues up 25% to EUR 66.7 million and EBIT up
46% to EUR 11.1 million - Order book at end of 2010 totals EUR 23.2
million (+175% year-on-year) - Proposed dividend of EUR 0.85 per
share (previous year: EUR 0.70)

Hamm, March 4, 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 substantially
increased its revenues and earnings (final figures) in fiscal year
2010. The SMT Scharf Group´s revenues were up 25% to EUR 66.7 million
compared to EUR 53.3 million in the previous year. Growth outside
Germany totaled 37% taking revenues in these markets to EUR 61.0
million, which means that international activities accounted for 91%
of total revenues in 2010 (previous year: 84%). Revenues in Germany
continued to fall, in line with expectations.

In addition SMT Scharf succeeded in increasing its EBIT by an above
average 46% to EUR 11.1 million (previous year: EUR 7.6 million),
thus recording an EBIT margin of 16.6% (previous year: 14.2%). EBIT
includes EUR 0.8 million non-cash income from the initial
consolidation of Dosco Holdings Ltd. and its subsidiaries. The cost
of materials ratio increased to 53% as a result of changes in the
product mix, whereas the personnel expenses ratio fell to 19%
(previous year: 47% and 21% respectively). Net income benefited from
a lower tax rate in 2010. This figure totaled EUR 8.0 million, up 58%
compared to the previous year´s figure of EUR 5.1 million.

The order book at the end of 2010 totaled EUR 23.2 million. Of this
total, 91% was from markets outside of Germany. The total volume is
up 175% compared to the previous year´s figure of EUR 8.4 million.
Around one third of this increase is due to the first-time inclusion
of the UK companies.

Dr. Friedrich Trautwein, SMT Scharf AG´s CEO, is very pleased with
the Group´s successful growth and high profitability in fiscal year
2010: "The past months have shown that strengthening our foreign
companies and expanding our product portfolio were key strategic
steps. We believe that there is substantial potential in the coming
years - and we certainly plan to use it." Dr. Trautwein added: "Our
business has also enjoyed some pleasing growth in the first few weeks
of 2011. That is why we believe that we will be able to further
increase the SMT Scharf Group´s revenues and earnings on average over
the coming years."

The Managing and Supervisory Boards will propose the disbursement of
a dividend of EUR 0.85 per share to the General Meeting for fiscal
year 2010. This corresponds to a distribution rate of 42% excluding
the treasury shares. The dividend yield totals 4.1% based on the
closing price for shares of SMT Scharf on March 3, 2010.

The full group financial report for 2010 will be available during the
course of today at the Web site 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
--------------------------------------------------------------------------------

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
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