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S&T AG

EANS-Adhoc: S&T System Integration&Technology Distribution AG
Positive operating EBIT (+0.4 million euros)

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
6-month report
28.07.2009
Stable services sales in second quarter 2009
The results of the S&T Group have continued to improve in Q2 2009 
compared to Q1 despite significant restructuring costs. Reduced sales
in the fields of Business Solutions and Enterprise Systems are in 
line with the general IT market development.
With an EBIT in the Q2 2009 of -0.39 million euros (2008: 1.5 million
euros) and an EBITDA of EUR 1,0 million (Q2 2008: 3.2 million euros),
S&T was not able to completely avoid the impact of the economic 
crisis, but could still achieve a positive operating EBIT of +0.4 
million euros when allowing for restructuring costs of more than 0.8 
million euros. In the third and fourth quarters of 2009 S&T expects a
stabilization of orders and an improvement of results. The gross 
margin improved to 41.5% (Q2 2009: 40.0%) and the share of consulting
and services business in the total sales rose to 57.5% (54.3 million 
euros out of a total of 94.3 million euros). In the field of Managed 
Services (MS), which mainly involves long-term service and 
outsourcing contracts, sales remained stable at 23.3 million euros 
(Q2 2008: 23.9 million euros), whereas sales in Enterprise Systems 
(ES) fell by 28% to 40.1 million euros. The consulting services 
provided by the Business Solutions (BS) unit were down in terms of 
sales by 17.0% to 31.0 million euros. The EBIT of -0.39 million euros
in the second quarter was primarily due to restructuring costs (0.8 
million euros) and a reduction in the workforce from approximately 
3,100 to 2,800. The S&T Group is currently examining two interesting 
acquisition candidates in its core regions that would support an 
significant increase in market share and core expertise. The company 
will submit an initial forecast for the full year 2009 in September.
end of announcement                               euro adhoc

Further inquiry note:

Petra Götz-Frisch
Head of Corporate Communications
T: +43 1 367 80 88 1024
Mobil: +43 664 60191 1024
petra.goetz-frisch@snt-world.com
www.snt-world.com

Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wien / official market

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