EANS-News: SMT Scharf AG publishes final 2012 results

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Subtitle: SMT Scharf Group revenue above EUR 100 million for the
first time / EBIT up from EUR 14.5 million to EUR 15.4 million / EUR
0.98 dividend proposed for 2012 fiscal year

annual report

Hamm (euro adhoc) - March 7, 2013 - SMT Scharf AG (German Securities
Code [WKN] 575198, ISIN DE0005751986), technology and world market
leader for monorail transport systems for the underground mines,
reports a further increase in revenue and earnings in the 2012 fiscal
year based on final figures. For the first time, SMT Scharf Group
revenue climbed above the EUR 100 million level to reach EUR 105.4
million, compared with EUR 82.1 million in the previous year (+28
percent). Revenue generated abroad accounted for 92 percent of the
total, with China and Russia representing the most important
individual markets, as in previous years.

Operating profit (EBIT) has grown to EUR 15.4 million, compared with
EUR 14.5 million in the previous year. As percentage of operating
output (instead of revenue - as up until the previous year), this is
equivalent to a somewhat reduced EBIT margin of 14.8 percent
(previous year: 16.5 percent). The 54.0 percent cost of materials
ratio is unchanged compared with the prior year. The personnel cost
ratio of 15.8 percent was also relatively constant (previous year:
15.7 percent). Consolidated net income stood at EUR 11.7 million,
around 10 percent ahead of the previous year's EUR 10.7 million, and
corresponding to EUR 2.82 of earnings per share.

Christian Dreyer, CEO of SMT Scharf AG, commented as follows on the
Group's record fiscal year in 2012: "We had a very good year, which
was partly due to the overhang of orders from 2011. Breaking through
the EUR 100 million revenue level marks an important step for SMT
Scharf. In a cyclical market such as mining, we now already command
the size where a solid base of customers and projects can offset the
sector's ups and downs."

The Managing and Supervisory Boards are proposing that the Annual
General Meeting for the 2012 fiscal year approves the distribution of
a dividend of EUR 0.98 per share (previous year: EUR 0.95),
representing a 35 percent payout ratio excluding treasury shares. The
dividend yield stands at 4.1 percent compared with the closing price
of the SMT Scharf share on March 4, 2013. The company plans to hold
its AGM on April 17, 2013.

The complete Group annual report for the 2012 fiscal year will be
available on the company's website during the course of the day at
www.smtscharf.com, within the Investor Relations area.

Further inquiry note:
Investor Relations
cometis AG
Henryk Deter / Patrick Ortner
Tel: +49(0)611 - 205855-16
Fax: +49(0)611 - 205855-66
e-mail: ortner@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: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English