31.10.2023

SMT Scharf AG upgrades revenue and earnings guidance on the strength of preliminary Q3 2023 results

•    Consolidated revenue up slightly to EUR 22.4 million in Q3 2023
•    Significant growth in profit from operating activities (EBIT) to EUR 5.9 million in Q3 2023
•    Nine-month consolidated revenue at EUR 54.1 million and EBIT at EUR 4.1 million
•    Guidance upgrade for consolidated revenue to EUR 76.0 million and for EBIT to EUR 4.5 million

SMT Scharf AG (WKN A3DRAE; ISIN DE000A3DRAE2), one of the world’s leading providers of customised transport solutions and logistics systems for underground mining, increased its consolidated revenue slightly by 1.4 % to EUR 22.4 million in the third quarter of the 2023 fiscal year (Q3/2022: EUR 22.1 million), thereby achieving total consolidated revenue of EUR 54.1 million over the course of the first nine months of 2023 (9M/2022: EUR 59.6 million).  

30.10.2023

Lift complete! HS2’s next tunnelling machine names revealed

First 1,700-tonne machine has been lifted in parts down into a shaft  

28.10.2023

ArcelorMittal – Statement regarding tragic accident in Kazakhstan

ArcelorMittal can confirm that earlier on the 28th October, a tragic accident occurred at its Kostenco coal mine.  

Market-Place-4.0 SMT Scharf GmbH

28.10.2023

SMT Scharf AG: Supervisory Board appoints new Managing Board

SMT Scharf AG: Supervisory Board appoints new Managing Board (credits: SMT Scharf)

- Reinhard Reinartz becomes the company’s new CEO and COO

- Volker Weiss to be the company’s new CFO with effect from November 1, 2023

- New Managing Board with many years of management expertise at internationally active mining suppliers

SMT Scharf AG (WKN: A3DRAE; ISIN: DE000A3DRAE2), one of the world’s leading providers of customised transport solutions and logistics systems for underground mining, announces that the Supervisory Board has appointed Mr. Reinhard Reinartz as the company’s new Chief Executive Officer (CEO). He will also assume the role of the Chief Operating Officer (COO) at the Managing Board and in this function will be responsible for product development and design, production, purchasing, quality assurance and personnel. The term of office is to begin no later than May 1, 2024, but earlier if possible. In addition, Mr. Volker Weiss was appointed as a member of the Managing Board as of November 1, 2023. He will assume the role of the Chief Financial Officer (CFO). The new Managing Board thus succeeds Mr. Hans Joachim Theiß (CEO and CFO in personal union) and Mr. Wolfgang Embert (COO), who, as already announced, will leave the company on December 31, 2023.

Univ. Prof. Dr. Louis Velthuis, Chairman of the Supervisory Board of SMT Scharf AG, comments: “We are very pleased that Mr. Reinhard Reinartz and Mr. Volker Weiss have decided to assume the roles of CEO and CFO respectively at SMT Scharf AG. Both have many years of management experience at well-known international mining suppliers and are therefore very familiar with the international mining market. We are convinced that the new Managing Board will therefore provide the SMT Scharf Group with important impetus, and wish both of them every success in their new positions.”
“I am looking forward to my new role at SMT Scharf AG with great motivation and would like to thank the Supervisory Board for the trust and confidence they have placed in me. I have been working in the mining sector throughout my entire professional career and I am familiar with its business mechanisms from the inside at international mining suppliers. As member of the newly formed Managing Board I intend to leverage my extensive experience in managing international teams as well as my financial and technical expertise in a targeted manner to lead the SMT Scharf Group to a successful future,” Reinhard Reinartz explains.

The new CFO Volker Weiss comments: “I am very much looking forward to my new job at SMT Scharf AG and would like to thank the Supervisory Board for the trust and confidence they have placed in me. I have been working in the mining sector for more than 25 years and am familiar with its particularities. In my role as CFO, I will use my expertise in a targeted manner to successfully further develop the SMT Scharf Group.”

Since July 2016, Reinhard Reinartz served as Managing Director at Sandvik Mining and Construction GmbH at the site in Styria, Austria. Under his leadership, the Mechanical Cutting division was successfully further developed, supplying the mining, earthmoving and tunneling industries with machines and systems for mechanical cutting, continuous mining and transport. In his professional career, including GKN Land Systems, Caterpillar Global Mining, Bucyrus, Terex, Fasieco-Finger and Case New Holland, he previously held international management positions, focusing on M&A, product development and engineering. Reinartz graduated from RWTH Aachen University with a master’s degree in engineering, majoring in mining. He also achieved a Certificate of Rock Mechanics during subsequent studies at Witwatersrand University in Johannesburg, South Africa.

Most recently, since February 2023, Volker Weiss has been a member of the management team at HBT GmbH in Lünen, an internationally active special engineering company for the mining industry. In his previous professional positions in the mining supply sector, including Caterpillar Global Mining Europe, Bucyrus Europe and the DBT Group, he held national and international management positions, including a total of around 13 years as a management board member of subsidiaries and the parent company. Such roles included being involved in wide-reaching international restructuring programmes and responsibility for global financial reporting and controlling. Mr. Weiss trained as an industrial manager and studied business administration at the Verwaltungs-Wirtschafts-Akademie Düsseldorf, with a focus on controlling.

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27.10.2023

Denmark’s leading sand specialist invests in CDE ultra fines recovery system

The specialist sand manufacturer will use the CDE technology to recover valuable sand fractions