16.05.2022

xtonomy - spin-off from Indurad - transforms mobile Machines into autonomous driving Systems for Use in Mining and Industry

xtonomy, a spin-off of indurad, transforms mobile machines into autonomous driving systems for use in demanding mining and industrial environments through the use of innovative software and sensor solutions. The vision is: Autonomy Everywhere.  

13.05.2022

SMT Scharf AG starts FY 2022 with Revenue and Earnings Growth

SMT Scharf AG (German Securities Code (WKN) 575198, ISIN DE0005751986), one of the world’s leading suppliers of customized transport solutions and logistics systems for underground mining, has made a good start to the new 2022 fiscal year, despite more difficult overall conditions.  

Market-Place-4.0 SMT Scharf GmbH

13.05.2022

SMT Scharf AG starts FY 2022 with Revenue and Earnings Growth

SMT Scharf AG (German Securities Code (WKN) 575198, ISIN DE0005751986), one of the world’s leading suppliers of customized transport solutions and logistics systems for underground mining, has made a good start to the new 2022 fiscal year, despite more difficult overall conditions.

• Consolidated revenue in Q1 2022 up by around 36 % to EUR 14.7 million
• Operating profit (EBIT) improves to EUR 5.5 million compared with EUR 2.0 million in Q1 2021 thanks to strong revenue growth and reversal of a provision
• Order book position of EUR 33.8 million creates solid starting position

SMT Scharf increased its consolidated revenue by 36.3 % to EUR 14.7 million in the first quarter of 2022, compared with EUR 10.8 million in the first quarter of the previous year. Both the new equipment business and the profitable after-sales business contributed to the positive revenue performance. The marked growth in consolidated revenue and the reversal of a provision of EUR 4.2 million had a correspondingly positive effect on the earnings trend. Profit from operating activities (EBIT) for the first quarter of 2022 was up significantly to EUR 5.5 million, compared to the same quarter of the previous year (Q1 / 2021: EUR 2.0 million).

Hans Joachim Theiss, CEO of SMT Scharf AG, comments on the business performance: “In the first three months of the 2022 fiscal year, the SMT Scharf Group faced challenging market conditions. The effects of the coronavirus pandemic and, since the end of February, the Ukraine war have led to subdued activity in international markets for mining equipment. In addition, business activities in our relevant target markets are in some cases possible only to a limited extent, as demonstrated by the current travel restrictions in China. It is pleasing to note that our clear strategic business focus again made a significant contribution to the company’s performance in the first quarter.”

In the new equipment business, SMT Scharf generated revenue of EUR 6.5 million in the first quarter of 2022 (Q1 / 2021: EUR 3.5 million). Revenue in the service and spare parts business amounted to a total of EUR 8.0 million (Q1 / 2021: EUR 7.1 million). Furthermore, revenue of EUR 0.2 million was generated in the Other segment, in line with the previous year (Q1 / 2021: EUR 0.2 million).

In terms of segments, the largest revenue share continued to be attributable to the Coal market, which accounts for 78 % of total revenue (Q1 / 2021: 61 %), while the proportion from the Mineral Mining segment decreased to 18 % in the reporting period (Q1 / 2021: 34 %). In addition, the “Other Industries” segment achieved a share of consolidated revenue of 3 % (Q1 / 2021: 3 %). Moreover, the Tunnel segment accounted for a 1 % share of revenue (Q1 / 2021: 2 %).

The SMT Scharf Group’s new order intake in the first three months of 2022 amounted to EUR 21.7 million, down slightly compared with the prior-year period (Q1 / 2021: EUR 22.5 million). The order book position amounted to EUR 33.8 million as of March 31, 2022 (Q1 / 2021: EUR 48.3 million). In the previous year, the delayed recognition of revenue deriving from China III orders led to an exceptionally high order book position.

Given the volatile market environment and the effects of the war in Ukraine. as well as the coronavirus pandemic, SMT Scharf continues to identify considerable uncertainties for its business, which are making planning difficult. The economic impact of these factors on SMT Scharf’s business activities is being examined on an ongoing basis, but cannot be quantified conclusively at present. For this reason, for the time being the Managing Board of SMT Scharf AG is continuing to refrain from issuing quantitative guidance for the current 2022 fiscal year until sufficient visibility exists and valid statements about further business growth can be made.

“In Russia, the mid-term prospects for our company are uncertain. In accordance with further EU sanctions, SMT Scharf is prohibited from shipping finished machines to Russia from July 10, 2022. From that date onwards, only certain spare parts that are not subject to export restrictions can still be delivered to customers. Elevated exchange rate risks, which have made our products more expensive, comprise a further challenge since the outbreak of the war. To largely reduce financial risk, we are continuously working on minimizing negative currency effects and on achieving better payment terms,” notes Hans Joachim Theiss.

The complete report for the first quarter of 2022 will be published during the course of today within the Investor Relations area of www.smtscharf.com.

Source: SMT Scharf

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12.05.2022

Berco Bopis Life Platform – updated Mobile and Web Applications

Berco, a global leader in the production and supply of undercarriage components for the world’s main manufacturers of tracked earthmoving machinery, is launching new versions of its Bopis Life mobile and web applications.  

11.05.2022

Akobo Minerals sets a new Standard for Community Engagement Program

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