Revenue and earnings forecast for 2024 significantly increased

SMT Scharf AG: Revenue and earnings forecast for 2024 significantly increased 

Hamm, October 30, 2024 – SMT Scharf AG (German Securities Code (WKN): A3DRAE, ISIN: DE000A3DRAE2) is significantly raising its revenue and earnings forecast for the 2024 fiscal year. The reason for this is the first-time consolidation of the joint venture company Shandong Xinsha Monorail Co., Ltd (“Xinsha”), which will be consolidated as of 1 November 2024 due to amended contractual agreements between the joint venture partners.

Accordingly, the Management Board now anticipates a range of consolidated revenue between EUR 87 million and EUR 97 million for the 2024 fiscal year. In addition, a range of operating earnings (EBIT) between EUR 2.8 million and EUR 4.6 million is forecasted. SMT Scharf AG has previously anticipated a range of consolidated revenue between EUR 74 million to EUR 79 million and a range of operating earnings (EBIT) between EUR 1.5 million to EUR 2.5 million for 2024.

The forecasted growth will therefore be attributable to the revenue and operating earnings (EBIT) of Xinsha for November and December of the fiscal year 2024 which are expected in a range between EUR 13 million and EUR 18 million for the forecasted revenue and in a range between EUR 1.3 million and EUR 2.1 million for the forecasted operating earnings (EBIT).

The effect of the consolidation of Xinsha may be even higher for the fiscal year 2025, because Xinsha will then be consolidated for the full year.


Contact

Investor Relations
cometis AG
Thorben Burbach
Phone: +49 (0) 611 - 205855-23
Fax: +49 (0) 611 - 205855-66
Email: burbach@cometis.de

-End of the ad-hoc announcement-