EANS-News: SMT Scharf publishes figures for Q1 2009

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Hamm (euro adhoc) - - Revenues in Q1 up 36 % to EUR 12.2 million
- EBIT lifts 72 % to EUR 1.2 million
- Acquisition of own shares announced

Hamm, May 15, 2009 - SMT Scharf AG (German Securities Code (WKN) 575198, ISIN
DE0005751986), technology and world market leader for rail-bound railway systems
for the mining sector, started the new fiscal year 2009 with a significant
upswing in its revenues and earnings. The SMT Scharf Group´s revenues increased
to EUR 12.2 million in the first quarter of 2009 compared to EUR 9.0 million in
the previous year (+36 %). 76 % of this total was generated outside Germany
(previous year: 65 %).

In particular orders from China, South Africa and Poland contributed to the
excellent growth last quarter. Among others, SMT Scharf was able to conclude a
key leasing agreement in Poland for six DZ 1500 monorail hanging railways. The
company invoiced a Russian order that the customer had pushed back at short
notice in November 2008.

Profit from operating activities (EBIT) improved to EUR 1.2 million, after EUR
0.7 million in the same period of the previous year (+72 %). This corresponds to
an EBIT margin of 9.8 %, up from 7.8 % in the previous year´s first quarter.
Lower personnel expenses played the greatest role in this increase. In contrast,
other operating expenses in the first quarter of 2009 climbed in connection with
the growth in foreign business and negative exchange rate developments.

"The first quarter of 2009 has been very positive for SMT Scharf. However, it is
currently still very hard to predict how demand for commodities and thus also
our customers´ investments will develop over the remainder of the year. Despite
some set-backs, the successful growth in our international business in 2008 and
the first three months of 2009 has reinforced our expectations that we will be
able to further increase the SMT Scharf Group´s revenues and earnings on average
over the coming years," commented Dr. Friedrich Trautwein, CEO of SMT Scharf AG.

In addition, SMT Scharf has announced today that its Managing Board has resolved
to start acquiring own shares within the authorization of the Annual General
Meeting held on April 23, 2009. This has authorized the company to acquire up to
10% of its respective share capital by October 22, 2010. The buy-back will be in
line with the provisions of Sections 14 (2) and 20a (3) of the
Wertpapierhandelsgesetz (German Securities Trading Act) and the provisions of
Regulation (EC) No. 2273/2003. All purchases under the buy-back will be made on
the stock exchange and will be executed by a bank independent from the company.

Information on the acquisitions will be published in good time on the company´s
Web site www.smtscharf.com in the "Investor Relations" segment. The full
financial report for the first quarter of 2009 will also be available for
download from the Web site during the course of the day.

Company profile

The SMT Scharf Group develops, builds and maintains rail-bound railway systems
for mining and use in tunnels. The trains are used all over the world, primarily
in hard coal mines, gold mines and in underground mining for platinum, diamonds,
copper and nickel. They are used to transport material and personnel with
working loads of up to 35t. Rail-bound trains are the only means of transport
that can be used underground on branching lines to cope with inclines of more
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany, Poland, South
Africa, China and Russia, as well as agencies around the world. The railways
developed by SMT Scharf are characterized, above all, by high-performance
engines, high working loads, high speed and low operating and maintenance costs.
SMT Scharf records more than 70% of its revenues on high-growth foreign markets,
such as Russia, China and South Africa. The replacement parts and repairs
business constitutes around 50% of revenues. The advances in exploitation of
resources make underground conditions increasingly difficult which in turn
requires more high technology transport solutions in mining. The total market
for underground transport technology comprises around EUR 5 billion to EUR 7
billion per year according to company estimates. SMT Scharf AG has been listed
in the Prime Standard (regulated market) of the Frankfurt Stock Exchange since
April 11, 2007.

Further inquiry note:
Contact

Investor relations
cometis AG
Susanne Gremmler
Phone: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
E-mail: gremmler@cometis.de

end of announcement euro adhoc
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emitter: SMT Scharf AG
Römerstr. 104
D-59075 Hamm
phone: +49(0)2381-960212
FAX: +49(0)2381-960311
sector: Machine Manufacturing
ISIN: DE0005751986
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
München
language: English

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