SMT Scharf AG Adjusts 2024 Revenue and Earnings Forecast Upward

SMT Scharf AG has revised its revenue and earnings expectations for the 2024 fiscal year, citing the consolidation of its joint venture, Shandong Xinsha Monorail Co., Ltd. Effective November 1, 2024, this strategic move reflects changes in contractual agreements between partners. The company now projects consolidated revenue to fall between EUR 87 million and EUR 97 million, a notable increase from previous estimates of EUR 74 million to EUR 79 million. Operating earnings (EBIT) predictions have also risen, ranging from EUR 2.8 million to EUR 4.6 million, compared to an earlier forecast of EUR 1.5 million to EUR 2.5 million.

This upward prediction results from expected contributions by Xinsha for the last two months of 2024, projecting revenue influx of EUR 13 million to EUR 18 million and EBIT between EUR 1.3 million and EUR 2.1 million. The impact is anticipated to be more significant in 2025 as Xinsha contributes for the entire year.