SMT Scharf AG Reports First Quarter 2024 Financial Results

SMT Scharf AG has announced its financial outcomes for the first quarter of 2024, encountering a slight revenue decline and persistent operational losses. The company reported consolidated revenues of EUR 12.5 million, marking a 2.3% drop from EUR 12.8 million in the same period last year. Operating earnings (EBIT) were negative at EUR -1.0 million, although this is a marginal improvement over the previous year’s EUR -1.1 million. Notably, significant orders in the tunnel logistics segment have boosted the order book to EUR 51.9 million as of March 31, 2024, providing a strong basis for expected revenue growth.

The company has seen substantial activity in mining markets, especially in China, where investments in modern equipment are increasing. The earnings were impacted by higher personnel and external service costs, but were partially offset by lower net currency losses. SMT Scharf has reaffirmed its revenue and earnings forecast for 2024, expecting consolidated revenues to be between EUR 74 million and EUR 79 million, and operating earnings to range from EUR 1.5 million to EUR 2.5 million.