Alle Storys
Folgen
Keine Story von S&T AG mehr verpassen.

S&T AG

euro adhoc: S&T System Integration&Technology Distribution AG
S&T: Record Q4 and Positive Result in 2003 (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
•Q4 earnings above expectation
•4th quarter growth approximately 38 %
•Total sales in 2003: EUR 204 million - up 21%
•Total EBIT positive despite extraordinary write-offs
•Highest sales and EBITDA in the company’s history
27 January 2004, Vienna, Austria - S&T System Integration &
Technology Distribution AG (Vienna Stock Exchange: SNT, OTC: STSQY),
a leading IT service provider in Central, Eastern and Southern Europe
today announced its preliminary 4th quarter results and the
preliminary figures for 2003.
Total sales of approximately EUR 74 million were generated in the 4th
quarter 2003, an increase of approximately 38 percent compared to the
same period in the previous year. Marketing initiatives, the
strengthening of sales teams and the announced postponements of
projects from previous quarters, particularly in Romania, Russia and
Ukraine contributed to a very pleasing 4th quarter result.
Total annual sales for 2003 run to approx. EUR 204 million, up 20%
compared to the previous year. S&T’s solutions business posted strong
growth, further increasing the percentage of total sales attributable
to services. Together with the increase in overall sales, this made a
positive contribution to the results for the year.
The excellent operating result (Q4 EBITDA rose by over 25 percent
compared to Q4/02) resulted in a positive EBIT of approximately EUR
0.2 million for the year 2003 despite the extraordinary write-off on
the Turkish subsidiary (to a residual value of EUR 0.1 million). EBIT
for 2003 before these extraordinary charges would have amounted to
EUR 2 million.
Karl Tantscher, CEO: "I see this record quarter as an indication that
our markets are on the upturn again following two years of stalling
IT investments, and that the investment in focusing our sales force
on the services business is beginning to bear fruit. S&T was able to
win valuable orders in most of its markets, for infrastructure
projects as well as in the service and consulting segments. Both
external indicators and our own most recent market experiences point
to a continued upturn in all the markets in which we are present, not
least of all due to EU enlargement."
The audited results for the year will be published on 30 March 2004.
Conference Call
S&T's management is available for a conference call on January 27
2004 at 4.00 p.m. Central European time, UK: 3.00 p.m., US: 10.00
a.m. Eastern time. To take part in the conference call, please dial
0049 69 50 957 8439 a few minutes prior to the start time. For your
convenience, an instant replay will be available from January 27 at
6.00 p.m. Central European time until February 3rd  at 6.00 p.m.
Central European time. The replay telephone number is: 0049 69 50 957
9999 and the conference reference number is 253314. If you have any
questions please call 0049 69 50500600 for assistance.
end of announcement        euro adhoc 27.01.2004

Further inquiry note:

Karl Tantscher
Chief Executive Officer
mailto:karl.tantscher@snt.at

Henriette Lininger
Investor and Public Relations
mailto:henriette.lininger@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

Weitere Storys: S&T AG
Weitere Storys: S&T AG