EANS-News: SMT Scharf AG achieves further revenue and earnings growth in first nine months of 2011

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9-month report

Subtitle: - Revenue up 38% to EUR 54.6 million

- EBIT rises 36% to EUR 8.7 million

- Order book doubles to EUR 56.0 million by end of September 2011

Hamm (euro adhoc) - November 11, 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 revenue and earnings in the
first nine months of 2011. The revenue of SMT Scharf Group rose 38%
to EUR 54.6 million, following EUR 39.7 million during the same
period in the previous year. At 89%, the share of revenue generated
outside Germany remains at a high level (previous year: 90%).

Profit from operating activities (EBIT) climbed to EUR 8.7 million,
compared with EUR 6.4 million in the previous year, representing 36%
growth and a 16.0% EBIT margin (previous year: 16.2%). It should be
noted in this context that the previous year's earnings contained
one-off income of EUR 0.8 million from the first-time consolidation
of the UK companies. The cost of materials ratio increased to 58%,
compared with 56% in the prior-year period, due to shifts in the
product mix and an inventory buildup. The personnel expense ratio
fell by almost the same extent, dropping to 19%, compared with 22%
one year previously. Consolidated net income recorded above-average
growth to EUR 6.8 million, compared with EUR 4.5 million in the
comparable period of the previous year, due to a higher financial
result and a lower tax rate.

The SMT Scharf Group reports an order book position of EUR 56.0
million as of September 30, 2011, which is about twice the previous
year's figure of EUR 27.8 million.

Dr. Friedrich Trautwein, CEO of SMT Scharf AG, commented as follows
on the Group's dynamic growth during the current 2011 fiscal year:
"Our continued growth in the third quarter is visible proof of the
success of our internationalisation strategy. With the products that
we have newly launched on the market we are well prepared to
participate in our customers' investment plans."

The full report for the first nine months of 2011 will be available
during the course of today 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 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 on lines with gradients of up to 35
degrees. SMT Scharf´s other key products are roadheaders, equipment
for tunnel support and chairlifts. The SMT Scharf Group has its own
companies in eight countries 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.

Further inquiry note:
Investor Relations
cometis AG
Dominic Großmann
Tel: +49(0)611 - 205855-15
Fax: +49(0)611 - 205855-66
e-mail: grossmann@cometis.de

end of announcement euro adhoc
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company: SMT Scharf AG
Römerstr. 104
D-59075 Hamm
phone: +49(0)2381-960212
FAX: +49(0)2381-960311
mail: ir@smtscharf.com
WWW: http://www.smtscharf.com
sector: Machine Manufacturing
ISIN: DE0005751986
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: English