EQS-News: SMT Scharf AG publishes third-quarter 2026 results

(LSE:0FWF) SMT Scharf AG reported consolidated revenue of EUR 51.5 million for the first nine months of 2026, compared to EUR 70.9 million in the same period of 2025, representing a 27.3% decline. The decrease was primarily attributed to weaker new systems business, lower revenues in tunnel logistics, and subdued investment activity in core markets. In Q3 2026, consolidated revenue was EUR 18.4 million, down from EUR 20.8 million in Q3 2025. EBIT for Q3 2026 was EUR 1.2 million, compared to EUR -0.5 million in Q3 2025, while EBIT for the first nine months of 2026 was EUR 0.0 million, down from EUR 2.4 million in 9M/2025. Q3 earnings were negatively impacted by non-recurring charges of EUR 0.6 million due to provisions for the unexpected termination of a tunnel project in the Middle East. In the first half of 2026, earnings were also affected by one-time special items totaling EUR 1.5 million related to reorganisation in Germany and China. The company made progress in developing its portfolio of battery-electric transport solutions, with the first LEV developments approved for the Chinese market and preparations underway for launches in other markets. SMT Scharf AG completed organizational adjustments at the Hamm site and continued reorganization at the Xuzhou site as part of its 2026 Strategy. Revenue from new systems business was EUR 13.2 million (9M/2025: EUR 32.2 million), services business revenue was EUR 10.6 million (9M/2025: EUR 9.1 million), and spare parts revenue was EUR 27.7 million (9M/2025: EUR 29.5 million). China remained the largest sales market, contributing EUR 32.0 million and accounting for 62.1% of total revenue. Revenue in Poland was EUR 5.9 million (9M/2025: EUR 9.9 million), Africa EUR 8.7 million (9M/2025: EUR 5.7 million), Americas EUR 0.2 million (9M/2025: EUR 0.8 million), Germany EUR 0.5 million (9M/2025: EUR 3.5 million), other markets EUR 1.1 million (9M/2025: EUR 7.0 million), and Russia EUR 3.1 million (9M/2025: EUR 9.9 million). Segment-wise, coal mining revenue was EUR 41.9 million (9M/2025: EUR 51.3 million), mineral mining EUR 8.9 million (9M/2025: EUR 6.5 million), and tunnel logistics EUR 0.7 million (9M/2025: EUR 11.6 million). New orders received in the first nine months of 2026 totaled EUR 49.6 million (9M/2025: EUR 61.7 million), and the order backlog as of 30 September 2026 was EUR 25.0 million. The Managing Board revised its 2026 forecast, now expecting consolidated revenue between EUR 75 million and EUR 85 million (previously EUR 95 million to EUR 115 million) and EBIT between EUR -0.5 million and EUR -1.5 million (previously EUR 1 million to EUR 2 million). The full Q3 2026 report will be published later on the company's website.

EQS-News: SMT Scharf AG adjusts its forecast for FY 2026 and continues to implement strategic initiatives

(LSE:0FWF) SMT Scharf AG reported preliminary consolidated revenue of EUR 51.5 million for the first nine months of 2026, compared to EUR 70.9 million in the same period of 2025. Operating earnings (EBIT) for 9M 2026 were EUR 0.0 million, down from EUR 2.4 million in 9M 2025. The company attributed the decline in performance primarily to lower investment activity in coal mining and tunnel logistics markets, resulting in a significant drop in new systems business. In the third quarter, the unexpected termination of a tunnel project in the Middle East led to non-recurring charges of EUR 0.6 million from the recognition of provisions. SMT Scharf AG has revised its forecast for the 2026 financial year, now expecting consolidated revenue between EUR 75 million and EUR 85 million, compared to the previous forecast range of EUR 95 million to EUR 115 million. EBIT is now expected to range between EUR -0.5 million and EUR -1.5 million, down from the previous forecast of EUR 1 million to EUR 2 million. Strategic initiatives continue, including expansion of the electromobility product portfolio, intensified international sales activities, and reorganization measures. The company is pursuing targeted sales partnerships, such as with the CFH Group in Kazakhstan and South Africa, and is developing its electromobility product portfolio in cooperation with selected partners. The 19-seat personnel carrier and 8-tonne cargo vehicle have received MA certification in China, confirming their suitability for safe use in potentially explosive underground environments. The company continues to see attractive business prospects in the medium and long term despite subdued investment activity in the mining equipment market. The full quarterly report as of 30 September 2026 will be published on 29 October 2026. Longjiao Wang is the Chief Executive Officer (CEO) of SMT Scharf AG. The company operates its own subsidiaries in seven countries and has agents worldwide. Its main products include captivated railway systems, rubber-tyred diesel and electric vehicles, loaders, scissor lifts, underground trucks, and chairlifts for mining and tunnelling. The company is advancing the development and manufacture of battery-powered transport solutions.

EQS-Adhoc: SMT Scharf AG: Publication of preliminary results for the first nine months of 2026 and adjustment of revenue and earnings forecast for FY 2026

(LSE:0FWF) SMT Scharf AG has published preliminary results for the first nine months of 2026 and adjusted its revenue and earnings forecast for the full year 2026. According to preliminary figures, SMT Scharf AG generated consolidated revenue of EUR 51.5 million in the first nine months of 2026, compared to EUR 70.9 million in the same period of 2025. Operating earnings (EBIT) for the first nine months of 2026 were EUR 0.0 million, down from EUR 2.4 million in the prior-year period. The company attributed this decline primarily to lower investment activity in the coal mining and tunnel logistics markets, resulting in a significant drop in new systems business. Additionally, the unexpected termination of a tunnel project in the Middle East led to non-recurring charges of EUR 0.6 million from the recognition of provisions in the third quarter. As a result of these factors and the expectation that customer investment willingness will remain subdued in the fourth quarter, the Managing Board has revised its guidance for the 2026 financial year. The company now expects consolidated revenue of between EUR 75 million and EUR 85 million for 2026, compared to the previous guidance of EUR 95 million to EUR 115 million. EBIT is now expected to be between EUR -0.5 million and EUR -1.5 million, down from the previous forecast of EUR 1 million to EUR 2 million. SMT Scharf AG will publish its full quarterly report as of 30 September 2026 on 29 October 2026. The company is listed on the Regulated Market in Frankfurt (Prime Standard) and on the Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, and Tradegate BSX.

EQS-News: Ingo Stober Appointed as New Chief ...

(LSE/AIM:0FWF) SMT Scharf AG announced the appointment of Ingo Stober as the new Chief Financial Officer, effective 1 September 2026, for a three-year term. The company’s Supervisory Board made the appointment to strengthen the Managing Board with additional finance and transformation expertise. Mr. Stober succeeds Mr. Volker Weiss as CFO, with interim CFO duties handled by COO Mr. Reinhard Reinartz until the transition. SMT Scharf AG develops, manufactures, and services transportation equipment for underground mining and tunnel construction, including captivated railway systems with payloads of up to 48 tonnes and gradients of up to 35 degrees. Since 2018, the company’s portfolio has included rubber-tyred diesel and electric vehicles for mining and tunnelling, such as loaders, scissor lifts, and underground trucks. The company operates subsidiaries in seven countries and supplies chairlifts to the mining sector. The company projects a focus on the consistent execution of Strategy 2026 and is advancing the development and manufacture of battery-powered transport solutions.

EQS-Adhoc: SMT Scharf AG: Ingo Stober Appoint...

(LSE/AIM:0FWF) SMT Scharf AG announced that its Supervisory Board has appointed Mr. Ingo Stober as the Company's new Chief Financial Officer (CFO) for a term of three years, effective 1 September 2026. Mr. Stober succeeds Mr. Volker Weiss, who stepped down from his position on the Managing Board ahead of the end of his term. With Mr. Stober's appointment, the Managing Board of SMT Scharf AG will once again consist of three members. The Managing Board will comprise Mr. Longjiao Wang (CEO), Mr. Reinhard Reinartz (COO), and Mr. Ingo Stober (CFO). The announcement was disclosed on 31 July 2026. The company is listed on the Regulated Market in Frankfurt (Prime Standard) and the Regulated Unofficial Market in Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, and Tradegate BSX. The company's German Securities Code (WKN) is A3DRAE and ISIN is DE000A3DRAE2.

EQS-News: SMT Scharf AG is successfully pursu...

SMT Scharf AG has signed a legally binding cooperation agreement with CCTEG (Taiyuan) Times Power Technology Co., Ltd. to jointly develop light electric vehicles (LEVs) for underground mining and tunnel logistics in global markets. The development and prototype production process is expected to be completed by the end of 2026, with activities primarily carried out in China and Xinsha playing a crucial role. The products will be based on explosion-proof lithium-powered electric command vehicles supplied by Times Power, which have been operating in Chinese underground coal mines. Sales, market distribution, and certification will be managed by SMT Scharf Group's global subsidiaries, with required certifications obtained for China, Europe, and other mining markets. The cooperation aims to meet growing demand for low-emission and energy-efficient transport solutions. This strategic move is part of SMT Scharf's ongoing transformation and diversification into battery-powered transport solutions.

EQS-News: SMT Scharf AG publishes results for...

SMT Scharf AG published its results for the first quarter of 2026, reporting a significant decline in consolidated revenue to EUR 14.2 million, down from EUR 22.9 million in Q1 2025. Operating earnings (EBIT) fell to EUR -0.3 million compared to EUR 1.2 million in the previous year, resulting in an EBIT margin of -1.9%. The company attributes the decline to weaker business in China and lower revenue in the Tunnel Logistics segment. Despite the subdued start, the Managing Board confirms its revenue and earnings forecast for 2026, anticipating consolidated revenue between EUR 95 million and EUR 115 million and EBIT of EUR 1 million to EUR 2 million.