euro adhoc: S&T System Integration&Technology Distribution AG
quarterly or
semiannual financial statement
S&T: Best 3rd quarter ever
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report
24.10.2007
Sales double in Business Solutions
October 24, 2007 - Vienna. In 2007, the S&T Group has had the best 3rd quarter since the start of business. In the 3rd quarter of 2007, S&T achieved sales of EUR122.9 million, an increase of 8.5%. The sales in IT consulting and solutions pro-jects (business area - Business Solutions) developed exceptionally well, and with EUR39.4 million, was twice as high in Q3 2007 as in the same period of the previous year. EBIT for Q3 in 2007 was EUR2.4 million, 62.3% higher than in Q3 2006. S&T expects further significant increases for the 2007 year end.
The S&T Group plans to double its business by 2010 and to generate more than 60% of sales in IT consulting and solutions. The 2007 3rd quarter results bring the Group significantly closer to this strategic aim. Already almost half of the Q3 sales (49.3%) come from Business Solutions and Managed Services. The sales in Business Solutions alone doubled in the 3rd quarter of 2007 to EUR39.4 million. The Managed Services area also made significant gains. With large outsourcing contracts, S&T achieved an increase in sales of 12.2 % with EUR21.2 million in the 3rd quarter. The sales in infrastructure business stood at EUR62.3 million in the 3rd quarter 2007, EBITDA rose by 50.5% compared to the previous year to EUR4.4 million and EBIT rose by 62.3% to EUR2.4 million.
January to September 2007: 10.2% more sales S&T achieved total sales of EUR351.5 million in the first nine months of 2007, representing an increase of 10.2% compared to the same period in 2006. The Business Solutions area also performed outstandingly in this period, with sales of EUR102.5 million, representing growth of 57.1%. Sales in the business area of Managed Services rose by 12.7% to EUR60.6 million. Together, these two segments make up 46.4% of total sales. With infrastructure solutions (Enterprise Systems) S&T achieved sales of EUR188.4 million (-5.8%) from January to September 2007. EBITDA for the first nine months of 2007 amounted to 11.4 million euros (-3.0%), matching the year-earlier level. EBIT posted a significant improvement, above all due to the record earnings generated in the third quarter. It totaled 6.1 million euros for the first nine months of 2007 (-20.3%), halving the restructuring-induced decline of -40.7% experienced in the first six months of 2007.
Outlook for 2007 For the 2007 financial year S&T expects an increase in total sales to EUR510-520 million and an increase in EBIT to EUR13-15 million.
About S&T - www.snt-world.com - XETRA Vienna: SNT With around 3,000 employees and sales of EUR 461.3 million (2006), S&T is the leading provider of IT consultation, IT solutions and IT services for customers in CEE, the D-A-CH region and in Asia. Together with IMG, which was taken over in spring 2007, the group of enterprises has a successful presence with around 80 branches in 22 countries. S&T´s core business is consultation, the development, implementation and operation of tailor-made IT solutions, processes and systems. S&T supports large and medium-sized enterprises along the entire IT value chain. S&T especially addresses customers in the manufacturing industry, the telecommunications sector, public administration, trade, financial service providers and energy providers as well as companies in the auto trade and in the aviation and defence industries. S&T has its headquarters in Vienna and has been listed on the Viennese stock exchange since 2003.
end of announcement euro adhoc 24.10.2007 07:30:00
Further inquiry note:
Armin Baltzer
Head of Investor Relations
Tel: +43 (0)1 367 80 88-1020
Mobil: +43 664 60191 1020
armin.baltzer@snt-world.com
www.snt-world.com
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market