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euro adhoc: S&T System Integration&Technology Distribution AG
S&T announces preliminary results for third quarter 2003 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
- EBIT in 3rd quarter amounts to minus EUR 1.4 mill
- Total sales in 3rd quarter rose 2 percent to around EUR 44 mill 
- Sales in higher value solutions segment rose 140 percent from EUR 4
mill up to EUR 10 mill
- EBITDA remains positive
Vienna, 14 October 2003  -  The management of S&T System Integration
& Technology Distribution AG (Vienna Stock Exchange: SNT; OTC: STSQY)
today announced the preliminary results for the quarter ended 30
September 2003. According to the figures currently available, third
quarter sales were around EUR 44 mill. EBIT comes out at minus EUR
1.4 mill. EBITDA remains positive.
The unexpected results come from weak sales in the summer months and
the postponement of planned projects into the fourth quarter. Synergy
effects from the integration of the Fujitsu-Services acquisitions and
restructuring measures in Turkey did not sufficiently reduce costs in
the third quarter.
At the same time, there has been a pleasing shift in sales toward
high value services. Sales in the higher margin business solutions
segment rose to EUR 10 mill, an increase of 140 percent over the same
period in the previous year.
As planned, the workforce was reduced to 1190 at the end of the third
quarter of 2003 from 1214 at the end of the second quarter of 2003.
The ongoing restructuring measures will lead to further  reductions
in the fourth quarter in 2003.
Detailed information will be released as planned on 28 October 2003.
About S&T - www.snt.at
S&T is a leading provider of IT solutions for customers in 20
countries in Central, Eastern and Southern Europe. The company
provides consulting services, software development, IT solutions
implementation and support services around the clock to the most
demanding customers in telecommunication, banking, energy production
and distribution, government and health care.
end of announcement        euro adhoc 14.10.2003

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, NECI, ViDX
Börsen: Wiener Börse AG / official dealing
Nasdaq Europe / official dealing

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