EANS-Adhoc: Nine-month results for S&T AG: successfully on plan
- Consolidated income increased to EUR 6.2 million (previous year: EUR 5.2
million)
- Revenues increased to EUR 238.3 million (previous year: EUR 232.3 million)
- Larger new orders total ...
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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other/9-month report
05.11.2013
Linz, 05.11.2013. S&T AG (www.snt.at) has performed according to plans during
the first nine months of financial year 2013. Revenues for the third quarter
came to EUR 80.7 million (previous year: EUR 74.1 million), raising the
nine-month total to EUR 238.3 million (previous year: EUR 232.3 million).
Cost-cutting measures undertaken manifested themselves in the figures on
results. EBITDA for the third quarter came to EUR 4.4 million (previous year:
EUR 3.7 million), bringing the nine-month total to EUR 12.5 million (previous
year: EUR 10.9 million). Consolidated income in the third quarter increased to
EUR 2.1 million (previous year: EUR 1.8 million), boosting the results for the
first three quarters to EUR 6.2 million (previous year: EUR 5.2 million). These
results expressed themselves in the key indicators of profitability, which
registered growth of between 15% and 19% vis-à-vis the previous year. The weak
margins prevailing in the Products business depressed the third quarter's
overall gross margin and results. These margins resulted from individual
commissions. Corresponding effects are not expected to persist in the fourth
quarter. The third quarter was also encumbered by the costs of introduction of
SAP at "legacy Quanmax". The Appliances segment more than met the targets set
for it. It registered a net income of EUR 5.3 million (previous year: EUR 2.9
million). This rise was attributable to increases in the gross margins borne by
proprietary-developed "software as a product" items. This success was
accompanied by the lackluster revenues achieved from appliances themselves. The
Services segment was able to return to form. The segment registered in the third
quarter a EUR 2.5 million (4.7%) rise in business done in eastern Europe.
The assets, financial and liquidity situation of the company remained stable. As
of September 30, 2013, S&T's liquid funds came to EUR 34.2 million (31.12.2012:
EUR 29.9 million). The equity increased to EUR 66.5 million (31.12.2012: EUR
64.0 million).
At EUR 94 million, S&T's orders on hand were up 19% over those at September 30,
2012. Management is maintaining its forecast for financial year 2013 as a whole:
that consolidated income will rise 25%. This will be accompanied by a slight
rise in revenues. The orders pipeline came to EUR 301 million as of September
30, 2013, an increase of 40% over the previous year's EUR 204 million. Caused by
the NSA wiretapping scandal, increasing concerns as to the security of data are
enlivening business. The company is set to register another year of strong
growth in 2014.
On S&T AG:
S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), formerly Quanmax AG, is listed on
the Prime Standard segment of the Frankfurt Stock Exchange. The company has
1,500 employees. They work in offices located in 19 CEE (central and eastern
European) countries. S&T is one of the three largest IT systems houses in
Eastern Europe, in which it maintains a region-wide network. S&T AG has a
broad-ranging portfolio. It features a large number of products containing
proprietary technologies.
Further inquiry note:
ir@snt.at; +431801911125;
end of announcement euro adhoc
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issuer: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43(732)7664-0
FAX: +43(732)7664-801
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5, DE000A1HJLL6
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English