SMT Scharf AG publishes its preliminary results for the year 2023

SMT Scharf AG, a leading global provider of customized transportation solutions and logistics systems for underground mines, presents its preliminary results for the fiscal year 2023. With a consolidated turnover of 73.2 million euros, the company notes a slight decrease compared to its announced revenue forecasts, mainly due to the postponement of project revenues to 2024.

Operating profit (EBIT) for the year stood at €3.6 million, significantly lower than forecast due to goodwill impairment linked to the delay in the launch of electric commercial vehicles and negative currency effects. . Despite a significant drop in the new equipment sector, significant growth in the after-sales sector is highlighted.

CFO Volker Weiss highlights mining customers' growing interest in spare parts and fleet maintenance, while noting mining operators' caution in investing in new equipment at the end of the year. Furthermore, SMT Scharf is making progress in the tunnel logistics segment and announces a recent contract for the Berlin diagonal power connection construction project, offering a specific transport solution for a new cable tunnel.

The full report for the 2023 financial year will be published on April 10, 2024. For more information, the Investor Relations section of the website www.smtscharf.com will be updated.