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by Lars Winter, Euro on Sunday
According to Theiss, the transport supplier for underground mining is operationally on course. In 2021, the company increased sales by an impressive 71 percent to around 86 million euros thanks to the mine operators’ increasing willingness to invest in the wake of higher coal prices and the extended approval of the new generation of engines in China. Thanks to new machines for China and good business with the high-margin spare parts, EBIT shot up from a loss of eight million euros in the previous year to a profit of over eleven million euros. At over 13 percent, the margin was at its highest level in the last nine years.
Although Theiss expects stable business development in the current year, he did not give a specific forecast for 2022 at the MKK due to the uncertainties. However, the order backlog is historically high, and the first quarter has also developed “greatly”. His hint that the anchor shareholder, Shareholder Value, will sell its shares in SMT was also exciting. According to Theiss, the announced interest in selling Shareholder Value brings takeover fantasies into the value.
Lincoln International consultants are looking for a financial investor or strategist. According to Theiss, a new major shareholder could contribute to better development opportunities for SMT. The current course reflects this potential, but by no means. In his opinion, a takeover price can be significantly higher. An interesting classification that gives the title new course fantasy.
Leverage must be between 2 and 20
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Image sources: Frankfurt Stock Exchange, xxx