euro adhoc: S&T System Integration&Technology Distribution AG
quarterly or
semiannual financial statement
S&T AG: 39% Growth in consulting and solution
business
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
quaterly report
31.07.2007
First half year of 2007 demonstrates consistent implementation of strategy and the integration of most recent acquisitions
July 31, 2007 - Vienna. The S&T Group realised their strategic goals of massively expanding the consulting and solutions business, as well as the Managed Services division in the first half year of 2007 consistently and successfully. Total sales grew in the first half of 2007 11% as compared to the first half of 2006 to 228.7 Mil. Euro. The consulting and solutions business grew 39% to 63.2 Mil. Euro. The Managed Services division generated revenue growth of 13% at 39.4 Mil. Euro for the company thereby delivering results far above market growth. The Enterprise Systems business division developed steadily at 126.1 Mil. Euro (+0.5%). EBIT was at 3.6 Mil. Euro at the half-year point and EBITDA at 7.1 Mil. Euro.
In the first half of 2007 the S&T Group further developed based on a consistent implementation of their strategic goals. The revenue distribution between the three core divisions of the business also fulfilled the plans of the company. S&T is therefore well on its way toward achieving the goal of generating 60% of total sales with Business Solutions and Managed Services. Sales of these two divisions already constitutes 45% of total sales.
Investments: About 2 Mil. Euro for Integration and Restructuring
The intensive growth and associated investments and increasing orientation of the company toward consulting and solutions business, as well as the corresponding restructuring costs naturally impact EBIT that reached 3.6 Mil. Euro in the first half of 2007. The integration and restructuring did require intensive management attention and about 2 Mil. Euro of investments.
Outlook 2007 remains Valid
S&T´s expectation for business year 2007 remains unchanged forecasting sales of over 500 Mil. Euro. The company is producing some large contracts in the second and third quarters with other agreements in preparation or implementation phases. All of which should produce positive results in the second half of the year.
Issuer: S&T System Integration & Technology Distribution AG
Geiselbergstrasse 17-19
Austria-1110 Vienna
Telephone: +43 1 367 80 88 0
Fax: +43 1 367 80 88 1099
Email: snt@snt-world.com
WWW: http://www.snt-world.com
Exchange: Vienna stock exchange
ISIN: AT0000905351
Indices: ATX Prime, ViDX, WBI
XETRA Vienna: SNTend of announcement euro adhoc 31.07.2007 07:00:00
Further inquiry note:
Dipl.-Kfm. Armin Baltzer
Head of Investor Relations
S&T System Integration &
Technology Distribution AG
Tel.: +43 1 367 80 88 1020
E-Mail: armin.baltzer@snt-world.com
Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market