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S&T AG

EANS-Adhoc: S&T System Integration&Technology Distribution AG
S&T Concludes 2009 With Positive Q4 EBIT of 1.6 mln EUR*

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
quarterly report
10.02.2010
Preliminary results of the business year 2009 and Q4 2009:
• Significant restructuring measures and new organizational structure
realized • Cost basis for 2010 considerably optimized, risks reduced 
• Preliminary results for FY 2009: Sales EUR 412 million* (2008: 502 
million*, - 18%), EBIT EUR 0,3 million* • Preliminary results for Q4 
2009: Sales EUR 129 million*, EBIT EUR 1.6 million* • Results 
burdened by devaluations of CEE currencies important to S&T • Initial
successes in Q3 and significant improvement in Q4 earnings confirm 
cautiously positive assessment for 2010
The first half-year 2009 showed that S&T was particularly hard hit by
the difficult market developments due to its industry focus (e.g. 
automotive and machine industry) and geographical focus (CEE). Budget
cuts and project delays by customers negatively impacted consulting 
services. This was largely compensated by a group-wide cost reduction
drive, without correspondingly slashing service quality or expertise.
The infrastructure service and outsourcing business have largely 
remained stable and sustainably profitable.
S&T generated preliminary sales of EUR 412 million* in 2009 and 
anticipates a positive EBIT of EUR 0.3 million*.  These results 
basically correspond to the latest company outlook. The sales decline
is largely due to risk-oriented project selection and (compared to 
non-restated 2008 results) to the divestments in China, Russia and 
Turkey. S&T maintains its presence in Russia and China based on 
strategic partnerships and minority shareholdings. On December 31, 
2009 the Group employed ca. 2600 members of staff.
Business strategy and sales offensive The strong service component 
(again ca. one-half of total sales) significantly contributed to 
stability in revenues and profit, especially in Managed Services and 
Outsourcing. Margins in new customer business remained low. S&T is 
moving to counteract this situation with an increasingly offensive 
sales strategy in 2010, and already began in Q3 to expand its sales 
efforts across all countries and business units.
Q4 2009 business development Only insignificant restructuring 
measures were taken in Q4, most notably in Japan. The Group achieved 
total sales of EUR 129 million* (Q4 2008: 149 million*), generating 
an EBIT of EUR 1.6 million* (Q4 2008: 5.5 million*).
Summary and outlook Despite the important measures in 2009, S&T 
succeeded in expanding its product and service quality and further 
intensifying its long-term strategic orientation. The cost structure 
for 2010 was significantly improved, sales and marketing activities 
were expanded. Management board believes that S&T is well-positioned 
for the future, while the visibility of the market remains difficult.
The order situation is assessed as cautiously positive.
*Note: All figures contained in this announcement represent 
preliminary, unaudited figures. Due to the closing of the subsidiary 
in Turkey, the conversion of the company´s business operations in 
Russia into a cooperation agreement with a minority shareholding, and
the ongoing sale of the subsidiary in China, the previous activities 
in these markets will be reported as discontinued operations in 
accordance with the stipulations of IFRS 5. The comparable figures 
for 2008 are correspondingly adapted.
end of announcement                               euro adhoc

Further inquiry note:

Mag. Michael Dvorak
Head of Investor Relations
T: +43 1 367 80 88 1020
Mobil: +43 664 60191 1020
michael.dvorak@snt-world.com
www.snt-world.com

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

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