SMT SCHARF AG (FRA:S4A) SMT Scharf AG expects significant quarterly earnings growth
Transparency directive : regulatory news
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DGAP-Ad-hoc: SMT Scharf AG / Key word(s): Quarter Results SMT Scharf AG expects significant quarterly earnings growth Hamm, April 7, 2022 - SMT Scharf AG (German Securities Code (WKN): 575198; ISIN: DE0005751986) announces that it has learned today that it will be able to release provisions of around EUR 4 million. This will increase consolidated operating profit (EBIT) for the first quarter of 2022 by the same amount. These provisions had been formed in connection with potential services to be rendered to customers. It has now become apparent that these services are not to be rendered in full. Given the Covid-19 pandemic and especially in relation to the further rise in volatility in connection with the Russia-Ukraine situation, the company had not issued quantitative revenue and earnings guidance for the 2022 fiscal year, despite a fundamentally positive business outlook.
07-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | SMT Scharf AG |
| Römerstrasse 104 | |
| 59075 Hamm | |
| Germany | |
| Phone: | +49 2381 960-01 |
| Fax: | +49 2381 960-311 |
| E-mail: | info@smtscharf.com |
| Internet: | www.smtscharf.com |
| ISIN: | DE0005751986 |
| WKN: | 575198 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Tradegate Exchange |
| EQS News ID: | 1323461 |
| End of Announcement | DGAP News Service |
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1323461 07-Apr-2022 CET/CEST