S&T Syst. Integ. & Tech. Distr. AG
S&T Syst. Integ. & Tech. Distr. AG: First Quarter Results Confirm Jump Start into 2006
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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S&T: First Quarter Results Confirm Jump Start into 2006
– Sales: EUR 101.1 million (Q1 2005: EUR 59.2 million)
– EBIT: EUR 3.1 million (Q1 2005: EUR 2.5 million)
– Rosner: ‘Strategy is Right on Target as our Focus on Solutions and
Services Boosts Earnings Again’
25 April 2006, Vienna, Austria – S&T System Integration & Technology
Distribution AG (ISIN AT0000905351) gets off to a strong start in the new
financial year.
Sharp Increase in Sales
In the first three months of the current financial year, the S&T Group
reported revenues totalling EUR 101.1 million, up 71% on the same period in
the previous year (2005: EUR 59.2 million).
Significant Improvement in Earnings
Profit from operations (EBIT) rose by an impressive 25% to EUR 3.1 million
in Q1 2006, up from EUR 2.5 million in the first three months of the
previous year. This figure is all the more impressive as it still includes
the costs of integrating the acquisitions made in 2005 and as the figures
for Q1 2005 also included significant other operating income. Sales and
earnings both now include all the acquisitions made in 2005.
‘We have succeeded in rounding off the S&T portfolio by acquiring the right
companies in strategic terms and rapidly integrating them into the
Group.The 400 SAP/ERP specialists we now employ have, for example, enabled
us to double our SAP business. S&T has achieved a growth rate of 70% in the
solutions and service business this quarter,’ said Christian Rosner, CEO of
S&T AG.
Outlook
New impetus is expected for the IT market in the run up to the 2nd round of
EU enlargement and from continued strong growth in Russia and Ukraine.
There is still an enormous amount of pent-up demand for IT services and
solutions in Central and Eastern Europe. Having an IT partner which works
across the entire region is becoming increasingly important for
multi-national corporations and the rapidly expanding medium-sized business
segment. S&T is profiting both from this demand and from the decision taken
two years ago to focus on industry solutions for telecoms, banks, insurance
companies, power utilities, manufacturing companies and government.
S&T will continue its growth strategy with expansion measures and the
carefully planned post-merger integration of acquisitions. Achieving
profitable growth will remain the top priority. For 2006 the Management
Board has set itself the target of achieving total sales in excess of EUR
400 million with EBIT of more than EUR 10 million.
Conference Call
S&T management will be available for a conference call on April 25th, 2006,
at 16:00 CET. In order to participate, please call 0049 (0)69 2222
7111,0043 (0)1 7957 6055 for Austrian participants and 0044 (0)20 7784 1004
for participants from the UK a few minutes before the start of the
conference.
As an additional service, a recording of the conference call will be
available from May 2, 2006, on the S&T homepage: http://www.snt.at
About S&T – www.snt.at – XETRA VIENNA: SNT
With more than 1,900 employees S&T is the leading provider for IT solutions
and services for customers in Central and Eastern Europe. The company
develops and implements custom-tailored IT solutions for large and
medium-sized telecommunications companies, banks, power utilities,
manufacturing companies and public institutions. Through our subsidiaries
in 19 countries we realize cross-border IT structures, offering our clients
outstanding solutions and service competence.
For further information please contact:
Christian Rosner Margit Hermentin
Chief Executive Officer Head of Investor Relations and
T: +43 (0)1 367 80 88 Corporate Communications
Christian.Rosner@snt.at T: +43 (0)1 367 80 88-1024
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
(c)DGAP 25.04.2006
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language: English
emitter: S&T Syst. Integ. & Tech. Distr. AG
Geiselbergstraße 17-19
1110 Wien Österreich
phone: +43 1 367 80 88
fax: +43 1 367 80 88 1099
email: margit.hermentin@snt.at
WWW: www.snt.at
ISIN: AT0000905351
WKN: 915194
indexes: ATX
stockmarkets: Amtlicher Markt in Wiener Börse; Freiverkehr in
Berlin-Bremen, München, Stuttgart; Open Market in Frankfurt
End of News DGAP News-Service
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