S&T AG

EANS-News: S&T AG
sustaining strong growth

--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
--------------------------------------------------------------------------------

quarterly report

* Sales rise a strong 17% to EUR 92.8 million (PY: EUR 79.2 million)
* EBITDA increases by 22% to EUR 5,8 million (PY: EUR 4,8 million)
* Technology products catapult gross margin to 36.1% (PY: 32.5%)

Linz, 06.05.2015. S&T AG (www.snt.at) further accelerated its growth in the
first three months of financial year 2015. Sales came to EUR 92.8 million, as
opposed to EUR 79.2 million in the first quarter of 2014, corresponding to a
rise of 17%. This growth stemmed from the entry undertaken in 2014 in the
Appliances Smart Energy segment and from the strong improvement in business
registered by the Appliances Security segment.

The improvement in the company's product mix comprised the addition of high-
technology innovations. This, in turn, caused the gross margin to develop
gratifyingly well. It increased from the first quarter of 2014's 32.5% to the
first quarter of 2015's 36.1%. The greater value added manifested itself in the
22% rise in EBITDA, which came to EUR 5.8 million (PY: EUR 4.8 million) and in
consolidated income, which amounted to EUR 2.7 million (PY: EUR 2.4 million).

The turnaround of the "Services Germany, Austria and Switzerland" segment
proceeded accorded to plans. The segment's sales declined from the first quarter
of 2014's EUR 23.4 million to the first quarter of 2015's EUR 19.8 million. The
segment's gross margin rose to 23.3% (PY.: 19.8%). Its earnings for the period
substantially improved to EUR 0.2 million (PY: EUR -0.1 million). The "Services
EE" segment was able to increase its sales by some 5% to EUR 45.5 million (PY:
EUR 43.5 million). As had often been the case in the past, it was the
"Appliances Security" segment that drove corporate growth in the first quarter
of 2015. Its sales rose to EUR 16.9 million (PY: EUR 12.0 million), with its
earnings for the quarter's keeping pace, rising by 40% to EUR 2.8 million (PY:
EUR 2.0 million). New products and newly-entered business fields will further
this trend.

The "Appliances Smart Energy" segment was constituted in financial year 2014. It
supplied EUR 10.7 million (PY: EUR 0,3 million) to corporate sales in the first
quarter of 2015. The start-up costs incurred and the investments recognized in
profit and losses in new products caused the segment to register an initial loss
of EUR 0.8 million. The "Patagonia" family of smart grid products is set to be
introduced in the third quarter of this financial year. Its USPs (unique selling
points) are its improvements of security functions. Management assumes that the
sustaining of investments in promising products and technologies will cause the
"Appliances Smart Energy" segment to start operating in the black in 2016.

Seasonal effects manifested themselves in the company's assets and liquidity in
the first quarter of 2015. Equity increased to EUR 95.1 million (31.12.2014: EUR
89.7 million), causing the equity rate as of 31.3.2015 to climb to 37.6%
(31.12.2014: 32.8%). Liquid funds as of 31.3.2015 declined to EUR 26.8 million
(31.12.2014: EUR 39.5 million). This was primarily due to the negative operative
cash flow prevailing as of the beginning of the year. This cash flow came to EUR
-17.0 million (PY. EUR 0 million). Another cause was the making of further
investments. Short and long-term liabilities to banks increased to EUR 47.1
million as of 31.3.2015 (31.12.2014: EUR 41.0 million). The company's number of
employees came to 2,293 people, as compared to 2,219 employees as of 31.12.2014.

The growth being turned in by the "Appliances Smart Energy" segment is causing
the management to forecast for the current financial year the S&T Group's
achieving a strong, 20% rise in sales, which are expected to come to EUR 465
million. Despite the start-up costs being incurred by the "Appliances Smart
Energy" segment, consolidated income is predicted to increase to EUR 15 million.

Planned for 2016 are a double digit rise in sales and profits exceeding that.
S&T's record amount of orders on hand of EUR 165 million and of projects in the
pipeline worth EUR 663 million underpin these ambitious goals for growth!
 
On S&T AG:
S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a high-tech
corporation. It employs some 2,300 employees, and maintains subsidiaries and
offices in 19 countries. S&T AG provides IT systems. It is listed on the
Frankfurt Stock Exchange's Prime Standard segment. These systems are comprised
in the company's comprehensive portfolio of IT solutions and services. These
make S&T one of the leading suppliers in Central and Eastern Europe. S&T is a
renowned manufacturer of products featuring proprietary technologies. Its wide-
ranging portfolio includes proprietary developments in such areas as appliances
and cloud security. S&T commenced in 2014 the development of its Smart Energy
business area. Through its Networked Energy Services Corporation
(www.networkedenergy.com) subsidiary, S&T is among the world's leading suppliers
of smart grid technologies.

Further inquiry note:
ir@snt.at; +431801911125;

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


company:     S&T AG
             Industriezeile  35
             A-4021 Linz
phone:       +43 664 6119214
FAX:         +43 1 80191 1290
mail:     ir@snt.at
WWW:      www.snt.at
sector:      Computing & Information Technology
ISIN:        AT0000A0E9W5, DE000A1HJLL6
indexes:     
stockmarkets: regulated dealing/prime standard: Frankfurt 
language:   English
 

 


Das könnte Sie auch interessieren: