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    S4A   DE0005751986

SMT SCHARF AG

(S4A)
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SMT Scharf : 13.08.2021 6-Month Report 2021

08/13/2021 | 01:51am EST

2021

6-MONTH REPORT

SUMMARY OF KEY DATA

2018

2019

H1/2020

H1/2021

Revenue

EUR thousand

70,795

75,395

23,630

30,818

Total operating revenue

EUR thousand

71,028

74,837

24,909

39,443

EBIT

EUR thousand

5,304

6,822

-1,814

3,148

EBIT margin on total operating revenue

 %

7.5

9.1

-7.3

8.0

Consolidated net profit / loss

EUR thousand

4,633

5,739

-1,491

3,609

Equity

EUR thousand

51,533

60,577

56,410

60,830

Equity ratio

 %

62

63

65

57

on the

FTEs (full-time equivalents)

reporting date

397

432

426

427

FINANCIAL CALENDAR

November 12, 2021

November 22 to 24, 2021

December 7 to 8, 2021

December 31, 2021

9M 2021 report

German Equity Forum 2021 (online)

32nd Munich Capital Market Conference

Fiscal year-end

SMT Scharf | Share | Letter to shareholders | Management report (unaudited) | IFRS-half-year report (unaudited) | Notes

2

LIST OF CONTENTS

Share information

4

Letter to shareholders

5

Management report (unaudited)

6

Basis of the Group

6

Economic and business report

8

Report on opportunities and risks

13

Outlook

14

IFRS half-year financial statements (unaudited)

15

Consolidated balance sheet

15

Consolidated statement of comprehensive income

17

Consolidated cash flow statement

18

Consolidated statement of changes in equity

19

Notes to the consolidated financial statements

21

Responsibility statement

27

Imprint

28

SMT Scharf | Share | Letter to shareholders | Management report (unaudited) | IFRS-half-year report (unaudited) | Notes

3

SHARE PRICE CHART

SMT Scharf (%) 60%

50%

40%

30%

20%

10%

0%

-10%

-20%

-30%

-40%

-50%

01/07/20

29/09/20

28/12/20

31/03/21

31/07/21

SMT Scharf

SDAX

Peer Group

KEY SHARE DATA H1 2021*

Ticker/ISIN

Number of shares (including 49,477 treasury shares)

Closing price (June 30, 2021)*

Price high/low*

Share price performance (LTM on June 30, 2021)

SDAX performance (LTM on June 30, 2021)

Peer group portfolio performance (LTM on June 30, 2021)

Market capitalisation excluding treasury shares (June 30, 2021)

* Closing prices on the Xetra trading system of Deutsche Börse AG

S4A / DE0005751986

5,521,456

EUR 10.75

EUR 8.20 / EUR 11.50

23.9 %

38.6 %

34.4 %

EUR 58,824 thousand

SHAREHOLDER STRUCTURE*

30.61%

4.70%

4.24%

4.08%

0.90%

55.47%

Free Float**

Shareholder pool Shareholder Value Beteiligungen AG / Share Value Stiftung / Christiane Weispfenning und Dr. Helmut Fink

Investmentgesellschaft mit variablem Kapital (SICAV)

Axxion S.A.

OAM European Value Fund Treasury shares

*Information on shareholdings based on latest available public information (as of March 2021). **Shareholders with a shareholding below 3% are included in the free float (exception: treasury shares).

SMT Scharf | Share | Letter to shareholders | Management report (unaudited) | IFRS-half-year report (unaudited) | Notes

4

LETTER TO SHAREHOLDERS

Dear shareholders,

SMT Scharf AG recorded very positive business performance in the first half of 2021, which is reflected in significant revenue and earnings growth. In the first six months of 2021, the SMT Scharf Group achieved consolidated revenue of EUR 30.8 million, representing a significant year-on-year increase of 30.4 %. At the same time we succeeded in significantly growing the operating result (EBIT) to EUR 3.1 million, which already exceeds the original EBIT forecast of EUR 2.5 million to EUR 3.0 million for the full 2021 year. Despite COVID-19-related restrictions, both the new equipment business and the highly profitable after-sales business in our target markets worldwide performed better than we assumed at the start of the year. As a consequence, SMT Scharf has raised its previous revenue and earnings forecast and is now anticipating consolidated revenue in the range of EUR 72 to 77 million and EBIT in the range of EUR 5 million to EUR 6 million for the 2021 fiscal year.

In the Chinese market, the expected China III approval also generates attractive growth opportunities in the near future. The new China III standard is mandatory for Chinese mining companies as of this year. On the basis of IAS 18, revenues from new systems in China that have already been recorded have not yet been recognised in the financial statements. Approval is now expected to be granted in the third quarter of 2021, so that we anticipate further positive impetus for our business over the further course of the year and beyond, in addition to the significant additional recognition of revenue and earnings that are then to be made. Overall, we see signs that the forecast global economic upturn will have a positive effect on demand in the worldwide mining equipment market in the current fiscal year and beyond, in both the new equipment and after-sales businesses.

It is also gratifying that we achieved further progress in diversifying our business. As part of the important Snowy Mountain 2.0 state energy project in Australia, SMT Scharf has received a EUR 2.7 million order for the Tunnel Logistics segment. For this project, we will provide a specific transport solution for railbound passenger and ambulance transportation in the tunnel. For our company, this represents an outstanding success in tunnel logistics and, on the basis of the project's high reputation, contributes to the expansion of the business with tunnel logistics for major construction sites to form a further business pillar, and thereby to making our business gradually more independent of coal. Given this, we are considering setting up an ESG reporting system in order to make our goals and activities in this area more transparent in the future.

We would like to take this opportunity to thank you as our investors, business partners and customers for the confidence you have invested in us, and we would be pleased to continue our cooperation into the future.

Kind regards

Hans Joachim Theiss

Wolfgang Embert

SMT Scharf | Share | Letter to shareholders | Management report (unaudited) | IFRS-half-year report (unaudited) | Notes

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

SMT Scharf AG published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 05:50:05 UTC.


© Publicnow 2021
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Financials
Sales 2021 80,5 M 91,1 M 91,1 M
Net income 2021 7,50 M 8,49 M 8,49 M
Net Debt 2021 13,3 M 15,1 M 15,1 M
P/E ratio 2021 10,6x
Yield 2021 -
Capitalization 73,3 M 83,0 M 83,0 M
EV / Sales 2021 1,08x
EV / Sales 2022 0,98x
Nbr of Employees 420
Free-Float 59,0%
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Technical analysis trends SMT SCHARF AG
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 13,40 €
Average target price 18,00 €
Spread / Average Target 34,3%
EPS Revisions
Managers and Directors
Hans Joachim Theiß Chairman-Management Board & CEO
Louis Velthuis Chairman-Supervisory Board
Wolfgang Embert Chief Operating Officer
Dirk Vorsteher Deputy Chairman-Supervisory Board
Dorothea Gattineau Member-Supervisory Board