DGAP-Ad-hoc: SMT Scharf AG / Key word(s): Change in Forecast
SMT Scharf AG raises revenue and EBIT forecasts for FY 2017
Hamm, November 9, 2017 - SMT Scharf AG (ISIN: DE0005751986 / WKN: 575198) is raising its revenue and earnings forecasts for the full 2017 fiscal year thanks to its positive business trend, including the ongoing brightening of the sector environment during the first nine months of 2017.
The Managing Board now anticipates consolidated revenue in a range between at least EUR 44 million and EUR 48 million for the full 2017 fiscal year, compared with its originally forecast range between EUR 40 million and EUR 44 million. SMT Scharf generated EUR 35.2 million of consolidated revenue during the first nine months of 2017, according to preliminary figures.
The Managing Board also now expects profit from operating activities (EBIT) for 2017 to lie in a range between EUR 3.7 million and EUR 4.2 million. The company originally planned a range between EUR 2.2 million and EUR 3.0 million for 2017. SMT Scharf achieved EUR 3.9 million of EBIT during the first nine months of 2017, based on preliminary results.
SMT Scharf will publish its full report for the first nine months of 2017 on November 13, 2017, on the company's website at www.smtscharf.com, within the "Investor Relations" area.
09-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||SMT Scharf AG|
|Phone:||+49 2381 960-01|
|Fax:||+49 2381 960-230|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
627191 09-Nov-2017 CET/CEST