S&T Syst. Integ. & Tech. Distr. AG
S&T AG: After Nine Months S&T Set to Meet its Targets
Ad hoc announcement
Periodenergebnisse
S&T AG: After Nine Months S&T Set to Meet its Targets
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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After Nine Months S&T Set to Meet its Targets
* Sales up 50% to EUR 224.7 million
* Integration of the consolidated acquisitions successfully completed
* EBIT up 4% to EUR 3.3 million despite integration costs
* Significant increase in sales and EBIT anticipated for Q4
October 27th, 2005. Vienna – Austria. S&T System Integration & Technology
Distribution AG (ISIN AT0000905351) recorded both higher sales and EBIT
compared to the first nine months of the previous year.
Sales
Total revenue at S&T rose 50% from EUR 150.1 in 2004 to EUR 224.7 million in
the first nine months of 2005. Consolidated sales between July and September
2005 rose by 67% to EUR 83.5 million (corresponding period 2004: EUR 50.1
million).
Earnings
In the first nine months EBIT rose from EUR 3.1 million to EUR 3.3 million. In
this connection it should be remembered that one-off costs of more than half
a million Euro were incurred in Q3 for the integration of T-Systems DSS and
Computacenter Austria. Without these costs, EBIT growth would have amounted to
more than 20%. These investments will make their first positive contribution
to results in Q4 2005.
In the first three quarters, EBITDA rose sharply by 30% from EUR 5.6 million
to EUR 7.3 million.
Outlook
The S&T Management Board is looking forward to a successful Q4, as the Group
generally generates between 30% and 40% of its total annual sales in the
fourth quarter 2005.
“S&T has succeeded in systematically cutting its costs and increasing
profitability, maintaining a strong available cash flow year for year and
using it, together with existing financing possibilities, to safeguard the
higher than average growth of the S&T Group even without capital increase”,
said Martin Bergler, CFO of S&T AG.
The CEO designate of S&T AG, Christian Rosner said, “our results are right on
target and we will post strong growth again in 2005.”
S&T is well prepared to make the most of future opportunities:
* The takeover of EFP has enabled S&T to strengthen its position as the
leading supplier of Enterprise Resource Planning products on the markets of
Central and Eastern Europe. The Group can now offer region-wide SAP competence
combined with high quality West European industry and process know-how in the
region. The high margin EFP will be consolidated for the first time in Q4.
* Orders that had been delayed due to general elections in Ukraine and Romania
will now be realized in Q4 2005.
* In 2006 S&T will continue to focus upon services and industry solutions for
banks/insurance companies, telecoms, the manufacturing industry and public
institutions.
* S&T will continue to increase its market share in existing markets, both by
means of organic growth and further acquisitions.
* IDC is predicting annual average growth rates of 12-13% through to 2009 in
S&T’s markets – higher than average growth is expected in Poland, the Czech
Republic, Hungary, Slovakia and especially Russia.
Conference Call
S&T management will be available for a conference call on October 27, 2005, at
16:00 CET. In order to participate, please call 0049 69 22222 0408, 01 7957
6047 for Austrian participants or 0044 20 7784 1017 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 November 5, 2005, on the S&T homepage: http://www.snt.at
About S&T – www.snt.at – XETRA VIENNA: SNT
With some 1,800 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 21 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 Operating 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
M: +43 (0)664 112 36 36
margit.hermentin@snt.at
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
ISIN: AT0000905351
WKN: 915194
Listed: Amtlicher Markt in Wien; Freiverkehr in Berlin-Bremen, Frankfurt,
München und Stuttgart
End of ad hoc announcement (c)DGAP 27.10.2005
270735 Okt 05
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