SMT Scharf AG

Latest Results (14.08.2024):

Revenue Decline

In the first nine months of 2023, SMT Scharf AG reported a total revenue of 54.1 million EUR, which represents a 9.2% decrease compared to the same period in 2022, where the revenue was 59.6 million EUR. This decline is attributed to challenging market conditions in the mining equipment sector.

EBIT Performance

SMT Scharf AG's earnings before interest and taxes (EBIT) for the first nine months of 2023 stood at 4.1 million EUR, a significant drop from the 10.3 million EUR reported in the same period of 2022. The EBIT margin on operating performance also decreased to 6.6% from 14.9% in the previous year.

Segment Revenue

The revenue from new equipment sales for SMT Scharf AG fell sharply by 32.6% to 21.7 million EUR in the first nine months of 2023, compared to 32.2 million EUR in the same period of 2022. Conversely, the after-sales segment, including spare parts and services, saw a notable increase, reaching 32.3 million EUR, up from 26.4 million EUR in the previous year.

Regional Performance

China remained the largest market for SMT Scharf AG, contributing 21.5 million EUR to the total revenue in the first nine months of 2023, slightly down from 21.9 million EUR in the same period of 2022. However, revenue from Russia dropped significantly by 33.1% to 10.7 million EUR, while revenue from Poland and Germany increased to 11.2 million EUR and 2.6 million EUR, respectively.

Material and Operational Costs

SMT Scharf AG's material costs decreased to 33.0 million EUR in the first nine months of 2023, down from 41.0 million EUR in the same period of 2022. This reduction is primarily due to lower demand in the rail systems and chairlift segments. The material cost ratio relative to operating performance also fell to 53.5% from 59.3% in the previous year.