EANS-Adhoc: S&T System Integration&Technology Distribution AG
Changes in the
preliminary results for the business year 2009 and for Q4 2009 of S&T Group
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.
Company Information
17.03.2010
On 10 February 2010, S&T System Integration & Technology Distribution AG has published its preliminary results for the business year 2009 and for the fourth quarter 2009 via the euro adhoc (EANS) information system. After this publication, the requirement for additional provisions for risks in BS (Business Solutions) in relation to certain large-scale projects in Germany, Switzerland and Romania has materialized.
These provisions will give rise to an estimated EBIT impairment from 0.3 Mio Euro to -3.4 Mio Euro for the business year 2009 with a corresponding EBIT impairment for the fourth quarter 2009 from 1.6 Mio Euro to -2,1 Mio Euro. Sales revenues will remain largely unchanged. The presentation of the annual results 2009 is planned for 08 April 2010.
Subsequent work in relation to the above mentioned projects are also expected to have an adverse effect on the results for the first quarter 2010. However, based on an increasingly improved order book and market situation the company expects a stabilization from the second quarter 2010 onwards and anticipates a positive result from the second half of the year 2010 onwards.
end of announcement euro adhoc
Further inquiry note:
Mag. Michael Dvorak
Head of Investor Relations
T: +43 1 367 80 88 1020
Mobil: +43 664 60191 1020
michael.dvorak@snt-world.com
www.snt-world.com
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wien / official market