S&T AG

euro adhoc: S&T System Integration&Technology Distribution AG
S&T First Quarter Results 2004 Clear Signs of a Successful Turnaround The IT service provider specialising in Central and Eastern Europe is heading for another record year (E)

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April 27, 2004, Vienna, Austria - S&T System Integration & Technology Distribution AG (ISIN AT0000905351) got off to a successful start to the new financial year with outstanding first quarter results. The results are a clear confirmation of the positive trend in the fourth quarter of 2003.

Sales Rise by 18 Percent First quarter sales rose to EUR 53.4 million from EUR 45.1 million in the same period in 2003.

Consistent Focus on Services: 76 Percent Increase In the service segments sales rose by 76% from EUR 10.6 million to EUR 18.6 million. The Business Solutions unit in particular posted an extraordinary 138% increase of EUR 4.5 million in the previous year to EUR 10.7 million in the first quarter of 2004.

Gross Margin Climbs to 27.2 Percent The higher than average growth in the services business led to an improvement in the gross margin from 25.5% in 2003 to 27.2%.

EBIT up by 9 Percent EBIT improved by some 9 percent from EUR 0.88 million to EUR 0.96 million in the first quarter of 2003.

Positive Outlook The latest market studies indicate continuing higher than average growth in the markets in which S&T is active. Management is therefore confident that a long-term positive turnaround is taking place. This year's result is expected to be a significant improvement on last year's.

Consolidated income statement (all amount in EUR ´000)

~
Period from 01.01., ended              1.03.2004        31.03.2003          %

Sales
Business Solutions (BS)                      10.660                4.472      138%
Enterprise Systems (ES)                      30.919              32.363        -4%
Customer Support (CS)                          7.160                5.537        29%
Managed Services (MS)                              805                  578        39%
Medical (MED)                                        3.844                2.124        81%
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Total Sales                                         53.388              45.074        18%

Other operating income                            471                  448         5%
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Total revenues                                    53.859              45.522        18%

Merchandise, spare parts and
purchased services                          (38.876)          (33.569)        16%
Staff costs                                        (8.546)            (5.994)        43%
Other operating expenses                  (4.134)            (3.764)        10%
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Total operating expenses                 (51.556)          (43.327)        19%

Profit from operations
before depreciation and
amortization (EBITDA)                         2.303                2.195          5%

Depreciation and amortization            (797)                 (653)        22%

Profit from operations after
depreciation/amortization and before
amortization of goodwill (EBITA)        1.506                1.542         -2%
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Amortization of goodwill                      (548)                (662)      -17%
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Profit from operations (EBIT)                958                    880         9%

Service segments (BS + CS + MS)         18.625              10.587        76%
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Conference Call
S&T´s management is available for a conference call on April 27 2004
at 04.00 p.m. Central European time, UK: 03.00 p.m., US: 10.00 a.m.
Eastern time. To take part in the conference call, please dial 0049
69 50 957 8439, for Austrian participants please dial 02682 2059657 a
few minutes prior to the start time.

For your convenience, an instant replay will be available from April 27 2004 at 06.00 p.m. Central European time until May 04 2004 at 06.00 p.m. Central European time. The replay telephone number is: 0049 69 50 957 9999 and the conference reference number is 253489. If you have any questions please call 0049 69 50500600 for assistance.

About S&T - www.snt.at S&T is a leading provider of IT solutions for customers in 20 countries in Central, Eastern and Southern Europe. The company provides consulting services, software development, IT solutions implementation and support services around the clock to the most demanding customers in telecommunication, banking, energy production and distribution, government and health care. ~


end of announcement            euro adhoc 27.04.2004
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Further inquiry note:
Karl Tantscher                          
Chief Executive Officer            
mailto:karl.tantscher@snt.at    

Margit Hermentin Investor Relations mailto:margit.hermentin@snt.at

S&T System Integration & Technology Distribution AG Gunoldstrasse 16, 1190 Vienna, Austria Phone: +43 1 367 80 88 0 Fax:    +43 1 367 80 88 99 mailto:snt@snt.at http://www.snt.at/

Branche: Computing & Information Technology
ISIN:      AT0000905351
WKN:        
Index:    ATX Prime, WBI
Börsen:  Wiener Börse AG / official dealing



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