Ad hoc: SMT Scharf AG: SMT Scharf AG lowers profit forecast for 2014 - sales forecast remains unchanged


31.07.14 21:30
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SMT Scharf AG / Key word(s): Change in Forecast31.07.2014 21:24Dissemination of an Ad hoc announcement according to 15 WpHG, transmittedby 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 forunderground mines, is lowering its profit forecast for the financial year2014. The company now anticipates a consolidated result of approximatelyEUR -2 million (to date: break-even consolidated results). The salesforecast for the year 2014 remains unchanged at EUR 45 million.Due to the persistently difficult market environment, the Managing Boardtook the decision on 31 July 2014 to further scale back the workforce inthe Hamm plant in addition to the reduction in employee numbers alreadycommunicated. In 2014, one-off costs of approximately EUR 2 million,incurred among other things by a social compensation plan, are expected toburden the result for the period.The final figures for the first half of 2014 and the six-month report 2014will 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 profileSMT Scharf Group develops, manufactures and services transport equipmentfor underground mines. The main products are captivated railways that areused all over the world, primarily in black coal mines, but also in minesfor gold, platinum and other metals. These are needed to transport materialand personnel with payloads of up to 45 tons on gradients of up to 35degrees. SMT Scharf Group has subsidiaries in six countries and agentsworldwide. SMT Scharf generates more than 90 % of revenues in growingforeign markets such as China, Russia and South Africa. Business withreplacement parts and repairs contributes about half of revenue. The entiremarket for underground transport equipment is estimated to be EUR 5 to 7billion per year. SMT Scharf AG has been listed in the Prime Standard(Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007.ContactInvestor Relationscometis AGHenryk Deter / Patrick OrtnerTel: +49(0)611 - 205855-16Fax: +49(0)611 - 205855-66 e-mail: ortner@cometis.de31.07.2014 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: EnglishCompany: SMT Scharf AG Römerstrasse 104 59075 Hamm GermanyPhone: +49 2381 960-01Fax: +49 2381 960-230E-mail: info@smtscharf.comInternet: www.smtscharf.comISIN: DE0005751986WKN: 575198 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------


 

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