SMT Scharf AG Reports Final 2024 Financial Figures

SMT Scharf AG, a global leader in underground mining transport solutions, announced its 2024 financial results, showing consolidated revenue of EUR 95 million, up from EUR 73.2 million in 2023. Operating earnings (EBIT) reached EUR 4.8 million, with a margin of 4.7%. This performance was largely driven by significant growth in new equipment and spare parts sales, partly due to the full consolidation of Xinsha.

The Tunnel Logistics segment experienced substantial growth, contributing to the company's business diversification beyond coal mining. Revenue in this sector increased remarkably, highlighted by a major Middle Eastern tunnel project. China's strong sales performance also bolstered SMT Scharf's results, accounting for 46.2% of total revenue.

Looking forward, SMT Scharf projects 2025 revenues between EUR 110 million and EUR 130 million, with EBIT anticipated to range from EUR 5.5 million to EUR 7.5 million, leveraging its comprehensive integration with Xinsha.