Business
SMT Scharf AG publishes final figures for financial year 2024
SMT Scharf AG publishes final figures for financial year
About this update from Smt Scharf Ag
[{"type":"text","content":"\n\n\nEQS-News: SMT Scharf AG\n\n\n / Key word(s): Annual Report\n\n\n\n\n\nSMT Scharf AG publishes final figures for financial year 2024 \n\n\n\n\n\n\n27.03.2025 / 07:01 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.SMT Scharf AG publishes final figures for financial year 2024 Consolidated revenue boosted to EUR 95.0 million in 2024 Operating earnings (EBIT) at EUR 4.8 million, EBIT margin of 4.7% Significant revenue growth in new equipment business and in the spare parts and service business due to first-time full consolidation of Xinsha Tunnel Logistics segment grows appreciably, driving the diversification of the businessOutlook for 2025: Consolidated revenue expected between EUR 110 million and EUR 130 million with EBIT between EUR 5.5 million and EUR 7.5 millionHamm, 27 March 2025 – SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), one of the world’s leading suppliers of bespoke transport solutions and logistics systems for underground mining, achieved consolidated revenue of EUR 95.0 million (2023: EUR 73.2 million) in financial year 2024 according to the final figures now in. New equipment business increased significantly by 55.2 % to EUR 45.0 million in 2024 (2023: EUR 29.0 million). Sales revenue in the spare parts and service business was also up appreciably to EUR 49.9 million (2023: EUR 44.1 million). The rise in consolidated revenue was essentially down to the fact that joint venture partner Shandong Xinsha Monorail Co., Ltd. (“Xinsha”) was fully consolidated for the first time as from November 2024.\n\nVolker Weiss, CFO of SMT Scharf AG, commented on the business performance in 2024 as follows: “In 2024, we focused on driving through our strategic measures in mining markets around the world. It was particularly gratifying to achieve double-digit revenue growth in the Tunnel Logistics segment, thereby successfully diversifying our business into areas outside of coal. The first-time full consolidation of joint venture partner Xinsha as from November already had a considerable influence on revenue and earnings growth in 2024, and it will continue to have a positive effect in the current year.”\n\nOperating earnings (EBIT) increased to EUR 4.8 million in the financial year 2024 after coming in at EUR 4.0 million in the previous year. F...