SMT Scharf AG is reducing its revenue forecast for the 2014 fiscal year. The company now anticipates revenue of only around EUR 45 million. In its most recent forecast published in the 2013 annual report, the company had been assuming a similar decline in revenue in percentage terms to that in the 2013 fiscal year, which would have corresponded to a revenue level of around EUR 52 million. The correction to the forecast has been prompted by preliminary revenue and new order intake figures for the first quarter of 2014, and which have fallen short of the company's expectations due to the weak market environment.

For the first quarter of 2014, the company's revenue was EUR 9.6 million was down by 36 % year-on-year against EUR 15.1 million for the same period of last year.