SMT SCHARF AG (FRA:S4A) SMT Scharf AG: SMT Scharf AG lowers profit forecast for 2014 - sales forecast remains unchanged

Directive transparence : information réglementée

31/07/2014 21:24
SMT Scharf AG / Key word(s): Change in Forecast 31.07.2014 21:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamm, 31 July 2014 - The SMT Scharf AG (WKN 575198, ISIN DE0005751986), technology and world market leader for captivated railway systems for underground mines, is lowering its profit forecast for the financial year 2014. The company now anticipates a consolidated result of approximately EUR -2 million (to date: break-even consolidated results). The sales forecast for the year 2014 remains unchanged at EUR 45 million. Due to the persistently difficult market environment, the Managing Board took the decision on 31 July 2014 to further scale back the workforce in the Hamm plant in addition to the reduction in employee numbers already communicated. In 2014, one-off costs of approximately EUR 2 million, incurred among other things by a social compensation plan, are expected to burden the result for the period. The final figures for the first half of 2014 and the six-month report 2014 will be published on 14 August 2014. Issuer: SMT Scharf AG Römerstr. 104 59075 Hamm Tel: +49(0)2381-960212 Fax: +49(0)2381-960311 Sector: Mechanical engineering ISIN: DE0005751986 Securities ID no.: 575198 Stock markets: regulated market/prime standard: Frankfurt, outside markets: Berlin-Bremen, Düsseldorf, Hamburg, Munich, Stuttgart < End of ad hoc announcement> Company profile SMT Scharf Group develops, manufactures and services transport equipment for underground mines. The main products are captivated railways that are used all over the world, primarily in black coal mines, but also in mines for gold, platinum and other metals. These are needed to transport material and personnel with payloads of up to 45 tons on gradients of up to 35 degrees. SMT Scharf Group has subsidiaries in six countries and agents worldwide. SMT Scharf generates more than 90 % of revenues in growing foreign markets such as China, Russia and South Africa. Business with replacement parts and repairs contributes about half of revenue. The entire market for underground transport equipment is estimated to be EUR 5 to 7 billion per year. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007. Contact 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 31.07.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SMT Scharf AG Römerstrasse 104 59075 Hamm Germany Phone: +49 2381 960-01 Fax: +49 2381 960-230 E-mail: info@smtscharf.com Internet: www.smtscharf.com ISIN: DE0005751986 WKN: 575198 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------