euro adhoc: S&T System Integration&Technology Distribution AG
Financial
Figures/Balance Sheet
2007 results show another record year for S&T
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report
02.04.2008
Solutions and services business takes off, profitable growth continues into 2008
Sales 2007: 522.2m euros (+13%) EBITDA 2007: 20.4m euros (+13%) EBIT 2007: 13m euros (+7%)
2nd April 2008, Vienna. S&T´s success in 2007 has surpassed its own record results for 2006. The second half of 2007 saw particularly good results, with outstanding 3rd quarter results and the best quarterly results ever were recorded in Q4. This enabled the company to boost annual sales by 13% to 522.2m euros. EBIT rose 7% to 13m euros. In accordance with expectations, EBITDA rose 13% to 20.4m euros.
S&T made strong progress in the key units of service and consulting in the 2007 financial year. This included an expansion of operations. Growth in 2007 was primarily driven by the business units of solutions and services, and IT consulting, which accounted for 45% of overall sales. The S&T Group intends to expand these business units in 2008 in order to continue their profitable growth. S&T´s Business Solutions operations rose to 149.1m euros - equating to growth of 59%. The Managed Services business unit also experienced considerable organic growth - up 16% to 86.5m euros. At 286.6m euros (-2%), the Enterprise Systems business sector remained on the same level as during the previous year, although noticeable improvement in the business mix and gross margin was made.
Sales Driver - Industry Knowledge Within the S&T target industries, the manufacturing industry once again had the largest share of sales in 2007, with 26%. In this sector, S&T, with its comprehensive industry knowledge, is primarily active with companies involved with process manufacturing, plant and mechanical engineering and the automotive industry. Orders from the fast growing financial services sector equated to 21% of sales, with IT systems providing flexible and efficient support for the stringent requirements of this business. The telecommunications industry contributed 17% to S&T´s 2007 sales, with public administration providing 15% and the energy supply business 7%. The area of retail finished the year with a sales share of 14%, a sector in which S&T primarily addresses wholesalers, retailers and commodities. The companies in the S&T target industries are becoming increasingly international and are active in Eastern Europe. They want to implement their technology and high IT standards at all sites. For this they need a partner such as S&T, which can design international strategies and then implement them locally in all relevant countries.
Further growth forecast for 2008 S&T intends to continue its recent success in 2008. A promising volume of contracts in the order books, a successful business strategy and its realization, and the development of the local S&T (country) markets, will all contribute to continued profit growth. With sales forecast at 560-580m euros and projected EBIT of 15-17m euros, S&T expects its strong growth to exceed market growth once again this year. The projections for the S&T markets continue to be good. S&T will utilize its potential and strategy to achieve double-digit EBIT growth.
About S&T - www.snt-world.com - XETRA Vienna With more than 3,100 employees and 522.2 million euros of sales 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