SMT Scharf AG / DE000A3DRAE2
30.10.2024 - 10:50:39SMT Scharf AG: Revenue and earnings forecast for 2024 significantly increased
| EQS-Ad-hoc: SMT Scharf AG / Key word(s): Change in Forecast 30-Oct-2024 / 10:50 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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- End of Inside Information 30-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | SMT Scharf AG |
| Römerstrasse 104 | |
| 59075 Hamm | |
| Germany | |
| Phone: | +49 2381 960-01 |
| Fax: | +49 2381 960-311 |
| E-mail: | info@smtscharf.com |
| Internet: | www.smtscharf.com |
| ISIN: | DE000A3DRAE2 |
| WKN: | A3DRAE |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange |
| EQS News ID: | 2019185 |
| End of Announcement | EQS News Service |
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2019185 30-Oct-2024 CET/CEST
