S&T Syst. Integ. & Tech. Distr. AG
S&T AG: S&T Announces Record Results for 2005
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 Announces Record Results for 2005
Sales +62%; EBIT +66%; EPS +82%
28 March 2006. Vienna – Austria – CEE. S&T System Integration & Technology
Distribution AG which is listed on the ATX Prime Index of the Vienna Stock
Exchange has announced record results for the past financial year.
Sales
S&T generated record sales of EUR 355.7 million in the financial year 2005,
an increase of some 62% on the previous year (2004: EUR 219.5 million). The
increase in sales of services and software solutions was especially
significant. They rose by 54% compared to the previous year.
EBIT / EBITDA / EPS
Earnings rose sharply again in 2005, with EBIT, EBITDA and earnings per
share all significantly higher than in the previous year.
Profit from operations (EBIT) rose 66% from EUR 5.1 million in 2004 to EUR
8.5 million. EBITDA grew by 73% from EUR 8.4 million to EUR 14.5 million.
Earnings per share (EPS, diluted) increased from EUR 0.76 to EUR 1.38, an
increase of 82% compared to the previous year.
Capital Structure for Further Growth
‘Financing for further growth has been secured,’ says Martin Bergler, CFO
of S&T AG. ‘Last year we issued corporate bonds totalling EUR 25 million,
thus increasing our equity a further 20% by ourselves.’
Acquisitions
Acquisitions in 2005 included Computacenter Austria, T-Systems DSS, both in
Austria, Sito in Serbia, Infonet in Croatia, EFP (Austria, Switzerland,
Germany, Poland, Slovakia and the Czech Republic) and ITS in Slovenia,
Croatia, Serbia and Montenegro.
The acquisitions in Austria have created a top company on the domestic
market; the acquisitions in the other countries have expanded the
portfolio, above all in the service segment, thus improving the market
position in Slovenia, Croatia, Serbia and Montenegro, Poland, the Czech
Republic and Slovakia.
The takeover of the EFP Group with a 50 member team of SAP specialists has
opened up new markets in Switzerland. With approximately 400 SAP/ERP
specialists S&T now has a formidable team in this fast-growing business
area.
The purpose of these acquisitions was to deepen expertise in the target
industries banking & insurance, manufacturing, telecoms and power
utilities, and to create competence centres.
Outlook
‘We are convinced that the East European markets offer opportunities for
further growth and will reinforce our already strong position in this
region. This position has now also been bolstered by the strong presence we
have established in Austria: For many corporations with investments in CEE,
Austria is an important location, so providing joint support for Austria
and the CEE is of crucial importance,’ says Christian Rosner, CEO of S&T
AG.
S&T will continue its strategy of focusing upon services and software
solutions in 2006, the transformation of the Group to a solutions provider
has already been completed.
Management aims to achieve strong growth once more in 2006, with sales in
excess of EUR 400 million and EBIT of EUR 10 million.
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
M: +43 (0)664 112 36 36
margit.hermentin@snt.at
S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria
(c)DGAP 28.03.2006
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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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