pta20180117007
Business news for the stock market

S&T AG: S&T AG: setting forth its strong growth in financial year 2018

S&T plans to achieve in 2018 a rise in profits of some 30 % - to EUR 80 million

Linz (pta007/17.01.2018/09:00 UTC+1) Linz, 17.01.2018. S&T AG (www.snt.at) continues to grow strongly. The company plans to achieve in financial year 2018 a 15 % rise in sales, which will rise to nearly EUR 1 billion. Its profitability (EBITDA) is forecasted to exceed that steep increase, with EBITDA set to jump in 2018 by 30 % to some EUR 80 million. Drivers of the rises in sales and of the even greater one of EBITDA are to be the - highly-gratifying - development of the high-margin IoT Solutions business segment, and the further rise registered in the orders backlog.

The preliminary figures for financial year 2017 confirm the company's having achieved the objectives that it had set for itself. Sales in 2017 came to some EUR 860 million. EBITDA is expected to have exceeded EUR 60 million. This, in turn, means that S&T AG beat the last update of the forecast for such. On November 9, 2017, S&T AG had increased its forecast for EBITDA for the financial year as whole from "more than EUR 50 million" to "EUR 60 million".

S&T AG will publish its annual report for financial year 2017 on March 29, 2018.

On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 3,800 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX index of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T's taking in 2016 of a stake in Kontron AG - one of the leaders on the world's market for embedded computers - has enhanced its portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies.

(end)

Emitter: S&T AG
Industriezeile 35
4021 Linz
Austria
Contact Person: Alexandra Habekost, Head of Investor Relations
Phone: +49 (0) 821 4086 114
E-Mail: alexandra.habekost@snt.at
Website: www.snt.at
ISIN(s): AT0000A0E9W5 (Share) DE000A1HJLL6 (Bond)
Stock Exchange(s): Regulated Market in Frankfurt
|