EANS-News: SMT Scharf AG publishes final 2011 results

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Financial Figures/Balance Sheet

Subtitle: Revenue up 23% to EUR 82.1 million, order book position
more than doubles to EUR 49.6 million / EBIT grows 31% to EUR 14.5
million / Proposed dividend of EUR 0.95 per share (previous year: EUR
0.85)

Hamm (euro adhoc) - March 8, 2012 - SMT Scharf AG (WKN 575198, ISIN
DE0005751986), technology and world market leader for rail-bound
railway systems for the mining sector, reports significant revenue
and earnings growth in the 2011 fiscal year on the basis of final
consolidated figures. SMT Scharf Group's revenue was up by 23% to EUR
82.1 million, compared with EUR 66.7 million in the previous year. As
in 2010 already, the most important market was China, followed by
Russia and other CIS states. Markets outside Germany contributed 90%
to total revenue (previous year: 91%).

At EUR 49.6 million as of the year-end, the order book position more
than doubled compared with a year previously (EUR 23.2 million). This
growth is evidence of the continued strong demand from the SMT Scharf
Group's main markets.

Operating profit (EBIT) rose even more rapidly, by 31% to EUR 14.5
million (previous year: EUR 11.1 million). The EBIT margin reached
17.7% as a consequence, compared with 16.6% in 2010. The cost of
materials ratio increased to 58% (previous year: 53%) due to a change
in the product mix, and due to advance work on orders that are to be
shipped in 2012. This was partially offset by a fall to 17% in the
personnel expense ratio, which still stood at 19% in the prior year.
Consolidated net income was even as high as EUR 10.7 million thanks
to positive financial results. This implies 33% growth compared with
EUR 8.0 million achieved in the previous year.

Dr. Friedrich Trautwein, CEO of SMT Scharf AG, expressed his pleasure
with the Group's successful growth in the 2011 fiscal year: "We won a
number of new customers in the past year, including the first orders
from the Ukraine for several years. This offers us the potential to
further expand our business, which we intend to exploit." Dr.
Trautwein went on to add: "Our business is continuing to run well in
the first weeks of 2012. For this reason, we expect that we will be
able to further increase the SMT Scharf Group's revenues and earnings
on average over the coming years."

The Managing and Supervisory Boards are proposing that the Annual
General Meeting for the 2011 fiscal year resolves to distribute a
dividend of EUR 0.95 per share. This represents a 37% payout ratio
excluding treasury shares. The dividend yield stands at 3.7% relative
to the closing price of the SMT Scharf share of March 5, 2012.

The complete Group financial report for 2011 will be available on the
company's website during the course of the day at www.smtscharf.com,
within the Investor Relations area.

Company profile

The SMT Scharf group develops, builds and maintains transportation
equipment for mining and tunneling. The main product area is
rail-bound railways which are used all over the world, primarily in
hard coal mines and underground mining for gold, platinum and other
metals. They are used to transport material and personnel with
working loads of up to 45 tons on lines with gradients of up to 35
degrees. SMT Scharf´s other key products are roadheaders, equipment
for tunnel support and chairlifts. The SMT Scharf Group has its own
companies in eight countries as well as additional dealerships
worldwide. SMT Scharf records more than 80% of its revenue in growing
foreign markets, such as Russia, China and South Africa. Business
with spare parts and repairs accounts for around 40% of revenue. The
entire market for underground transport technology comprises EUR 5
billion to EUR 7 billion per year according to the company´s
estimates. SMT Scharf AG has been listed in the Prime Standard
(Regulated Market) of the Frankfurt Stock Exchange since April 11,
2007.

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: CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English