SMT Scharf AG (WKN 575198, ISIN DE0005751986), a leading global provider of customised transportation solutions and logistics systems for underground mining, announces that a 30 percent interest in its wholly owned subsidiary SMT Scharf Africa (Pty.) Ltd. has been sold to AERO AFRICA LEASINGS (Pty.) Ltd. The parties have agreed on a purchase price in the lower seven-digit range in euros. SMT Scharf is thereby consolidating its market position in South Africa and is now also in alignment with Broad-Based Black Economic Empowerment (B-BBEE) in this context.
SMT Scharf AG (WKN 575198, ISIN DE0005751986), one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, has acquired 51 percent of the shares in ser elektronik GmbH, based in Möhnesee. The acquisition price lies in the mid six-digit range in euros. With this investment, SMT Scharf is consistently pursuing its growth strategy and expanding its portfolio to include valuable expertise in the electronics and controls area.
SMT Scharf AG (WKN 575198, ISIN DE0005751986), one of the world’s leading suppliers of customised transport solutions and logistics systems for underground mining, achieved significant revenue and earnings growth in the 2018 fiscal year, according to final figures. SMT Scharf reported marked consolidated revenue growth of 35.9% to EUR 70.8 million in the year under review (2017: EUR 52.1 million). At the same time, the company achieved an operating result (EBIT) of EUR 5.3 million (2017: EUR 4.5 million), which corresponds to an increase of 16.5%. SMT Scharf improved its consolidated net profit for the year by EUR 0.6 million year-on-year to EUR 4.6 million (2017: EUR 4.0 million).
SMT Scharf AG is at an advanced stage of negotiations regarding an investment in ser elektronik GmbH based in Möhnesee.
In the first nine months of the current fiscal year, the company boosted its consolidated revenue by 33.8 % year-on-year to reach EUR 47.1 million (9M / 2017: EUR 35.2 million).