euro adhoc: S&T System Integration&Technology Distribution AG
quarterly or semiannual financial statement
S&T Service Business Grows 20% in 1st half year 2008

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6-month report


Despite market weakness sales growth and rise in results

Vienna, July 31, 2008. The S&T Group also closed the 1st half of 2008 on a positive note. Total sales rose 4% to 237.4m euros, a new record high. EBIT for the IT consulting and services provider saw a slight gain of 1.4% to 3.7m euros, despite expenses for individual project restructuring operations, while EBITDA grew 2.8% to 7.3m euros. The total gross margin rose to over 40% (+18%).

Sales in the consulting and services business developed particularly well. In the first half of 2008, S&T reported sales of 75.4m euros in the Business Solutions area - 19.3% more than the 63.2m euros reported for the same period in the previous year. Sales of 47.2m euros were generated from large, long term Managed Services contracts with customers such as OMV, the Spar retail chain and ISS Facility Management. This represents an increase of 20% compared with the 39.4m euros generated in the 1st half of 2007. The Managed Services division reported a 20% rise in pure organic growth. These two business areas contribute more than half of total sales. The Enterprise Systems division, through which S&T provides IT infrastructure solutions, recorded a decline of -9% to 114.8m euros compared with 126.1m euros in 2007. The weak US dollar and local currency fluctuations led to further erosion of weakening prices in this area of the business, but it was possible to improve margins. In addition, sales were affected by the prevailing economic conditions causing customers to defer investments. S&T remains successfully on target. Despite difficult market conditions a new sales record was achieved and continued the strategy of strengthening the consulting and services business. The total gross margin also developed very well, rising by 18% compared to the previous year to over 40%. S&T reported total sales of 120.8m euros in Q2 2008, with consulting and services contributing 54% of this result. EBIT for the 2nd quarter of 2008 was 1.4m euros and EBITDA was 3.2m euros. With a rise of 22% to 24.3m euros, the Managed Services division recorded the highest growth in sales. Business Solutions brought in 40.8m euros and Enterprise Systems contributed 55.8m euros.

S&T retains role of market consolidator The S&T Group will continue to maintain its role as a market consolidator. The company plans to drive future growth through not just organic growth, but also by means of targeted acquisitions in the 2nd half year of 2008. At the moment the eye is on several interesting potential acquisitions. These would primarily support the strategic goals for the Business Solutions and Managed Services divisions.

Outlook 2008 The outlook for the full 2008 financial year will finally be refined when figures for Q3 are available - the company continues though to expect the usual strong performance in the 2nd half of the year.

About S&T - www.snt-world.com - XETRA Vienna With more than 3,100 employees and sales of 522.2 million euros in 2007, S&T is the leading provider of IT consulting, IT solutions and IT services to customers in Central and Eastern Europe, the DACH region (Germany-Austria-Switzerland), Japan and China. With around 70 branch offices in 22 countries, the Group has established a successful international presence. S&T´s core business is IT consulting as well as the development, rollout and operation of customized IT solutions, processes and systems. The company provides large and medium-sized enterprises with support along the entire IT value chain. S&T´s target customers are active in the manufacturing, financial services, trade and telecommunications sectors, as well as in public administration and utilities. Headquartered in Vienna, Austria, S&T AG has been listed on the Vienna Stock Exchange since 2003.

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ots Originaltext: S&T System Integration&Technology Distribution AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Dkfm. Armin Baltzer
Investor Relations

S&T System Integration &
Technology Distribution AG
Geiselbergstraße 17-19
1110 Vienna, Austria
Phone: +43 1 367 80 88

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

Weitere Meldungen: S&T AG

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