SMT Scharf AG restructures its Canadian subsidiary, creating the foundations for future growth in the hard rock market Impairment charge of EUR 6.6 million due to revaluation of RDH's inventories and correction of intangible assets Consistent restructuring process underway at Canadian subsidiary Development of rubber-tyred vehicle business for  [ … ]

SMT Scharf AG applies impairment charges and adjusts FY 2020 revenue and earnings forecasts Hamm, November 10, 2020 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) has applied impairment charges in a total amount of EUR 6.6 million as of the third quarter of 2020. As part of the ongoing restructuring process at the Canadian subsidiary RDH Mining E [ … ]

SMT Scharf AG enters into partnership with Polymetal to develop underground electric vehicles (EVs) - Agreement on partnership for at least ten years - Cooperation in the development, implementation and testing of zero-emission BEVs - Concentration on mid-range LHDs and trucks - Potential widening of partnership to include other commercial veh [ … ]

SMT Scharf AG: Business in H1 2020 remains significantly burdened by coronavirus - Consolidated revenue down to EUR 23.6 million due to coronavirus pandemic - Operating result (EBIT) drops to EUR -1.8 million - Exceptionally high order book position of EUR 32.7 million as of the reporting date - Adjusted FY 2020 forecast confirmed Hamm, Augu [ … ]