SMT Scharf AG expects revenue and earnings for 2022 above prior year and significantly exceeding current market expectations
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EQS-Ad-hoc: SMT Scharf AG / Key word(s): Forecast SMT Scharf AG expects revenue and earnings for 2022 above prior year and significantly exceeding current market expectations Hamm, October 12, 2022 – SMT Scharf AG (WKN: 575198; ISIN: DE0005751986) has announced that on the basis of adjusted budget plans for financial year 2022, the company expects an increase in revenue and earnings relative to the year before, with results likely to significantly exceed current analysts’ estimates. The Management Board expects to record Group revenue in a bandwidth between EUR 86.0 million and EUR 87.0 million. The Board is therefore also forecasting an operating profit (EBIT) between EUR 11.5 million and EUR 12.5 million. The background is due to the fact that despite great uncertainty and volatitiy in the market environment given the Russia-Ukraine conflict as well as rising inflation, business in the company's core international markets is developing significantly better than expected.
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-End of ad hoc announcement -
12-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | SMT Scharf AG |
| Römerstrasse 104 | |
| 59075 Hamm | |
| Germany | |
| Phone: | +49 2381 960-01 |
| Fax: | +49 2381 960-311 |
| E-mail: | info@smtscharf.com |
| Internet: | www.smtscharf.com |
| ISIN: | DE0005751986 |
| WKN: | 575198 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Tradegate Exchange |
| EQS News ID: | 1461415 |
| End of Announcement | EQS News Service |
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1461415 12-Oct-2022 CET/CEST
