EANS-News: S&T AG: substantial growth in the third quarter
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Subtitle: - Sales up 28% in third quarter to EUR 114.2 million (PY.: EUR 88.8
million)
- Sales for first nine months of 2015 increase to EUR 302.4 million (PY.: EUR
253.6 million)
- Nine months' gross margins at 34.7% (PY.: 33.5%)
- Consolidated income for first three quarters jumps 23% to EUR 9.1 million
(PY.: EUR 7.4 million)
9-month report
Linz. 04.11.2015. S&T AG (www.snt.at) stepped up its growth in the first nine
months of financial year 2015. Its sales came in the third quarter of 2015 to
EUR 114.2 million (PY.: EUR 88.8 million). The figure for the first nine months
of the financial year was EUR 302.4 million (PY.: EUR 253.6 million). This thus
represents the first time that S&T has recorded sales of more than EUR 300.0
million in such a period.
The rise in sales enabled the further improvement of earnings. The EBITDA in the
first quarter of 2015 amounted to EUR 5.9 million (PY.: EUR 5.2 million), with
the nine months' figure increasing to EUR 16.7 million (PY.: EUR 15.1 million).
The consolidated income for the third quarter amounted to EUR 3.1 million (PY.:
EUR 2.4 million), with the three quarters' total rising to EUR 9.1 million (PY.:
EUR 7.4 million) - translating into jumps of 28.8% and 23.6%.respectively.
Driver of growth in the third quarter was the Services Eastern Europe segment,
whose sales rose by EUR 22.2 million to EUR 71.5 million (PY.: EUR 49.3
million). Equally strong growth was achieved by both Appliances segments.
Appliances Security increased its sales to EUR 15.8 million (PY.: EUR 12.9
million), with those of Appliances Smart Energy registering a climb to EUR 10.6
million (PY.: EUR 6.6 million). As had been planned for it, the Services
Germany, Austria and Switzerland segment experienced a decline in sales, a rise
in margins and an increase in profits.
S&T's assets, finances and liquidity have developed as well as its sales and
profitability. They bear witness to the company's stability, and form the base
for further expansion. As of September 30, 2015, the company's liquid funds came
to EUR 36.2 million, as opposed to EUR 39.5 million as of 31.12.2014.
Liabilities due to banks amounted to EUR 54.3 million (31.12.2014: EUR 41.0
million). This increase is solely due to the reduction of receivables as of the
date of reporting. Equity increased as of 30.9.2015 to EUR 95.0 million, as
opposed to EUR 89.7 million as of 31.12.2014. The equity rate thus came to 34.7%
(31.12.2014: 32.9%).
The growth attained is leading S&T's management to maintain its forecast for
2015 as a whole of the Group's achieving strong, 20% growth in sales and
consolidated income of EUR 15 million - despite the start-up losses being
recorded by the Smart Energy segment. Planned for 2016 are double-digit sales
growth and profits rising even faster than that. These ambitious objectives are
based upon the order backlog, which has risen to a very large EUR 198 million,
and on the project pipeline, which now amounts to EUR 714 million.
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,
cloud security and smart energy.
.
Further inquiry note:
ir@snt.at; +431801911125;
end of announcement euro adhoc
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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