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S&T AG

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

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
31.07.2008
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.
end of announcement                               euro adhoc

Further inquiry note:

Dkfm. Armin Baltzer
Investor Relations
mailto:armin.baltzer@snt-world.com

S&T System Integration &
Technology Distribution AG
Geiselbergstraße 17-19
1110 Vienna, Austria
Phone: +43 1 367 80 88
mailto:snt@snt-world.com
www.snt-world.com

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

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