EANS-News: S&T AG concludes EUR 22 million deal in Poland
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Subtitle: Company's business in Eastern Europe is developing rapidly - S&T
secures largest order in its history
Contracts/Order
S&T AG (www.snt.at) has secured a large-sized order from a client based in
Eastern Europe. S&T was awarded today by Poland's government a EUR 22.5 million
project. It is in the IT services segment. The commission entails the provision
of services in the areas of operation, migration, support and training, plus the
supplying and implementation of software adapted to project specifications and
of network infrastructure. S&T's subsidiary in Poland has the largest sales and
rate of growth of any of the company's outlets in Eastern Europe. The project is
to be concluded within 18 months.
"The S&T Group has overcome a phase of low growth - caused by the region's
economy - and is now massively ramping up its business in Eastern Europe. Viewed
on a y-on-y basis, our business in Poland is set to grow by more than 50% in
2015. Such large contracts open a lot of doors - and give rise to follow-up
orders," states Hannes Niederhauser, Chairman of S&T's Managing Board.
On S&T AG:
S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a high-tech
corporation. It employs some 2,300 employees, and maintains subsidiaries and
offices in 19 countries. S&T AG provides IT systems. It is listed on the
Frankfurt Stock Exchange's Prime Standard segment. These systems are comprised
in the company's comprehensive portfolio of IT solutions and services. These
make S&T one of the leading suppliers in Central and Eastern Europe. S&T is a
renowned manufacturer of products featuring proprietary technologies. Its wide-
ranging portfolio includes proprietary developments in such areas as appliances,
cloud security and smart energy.
Further inquiry note:
ir@snt.at; +431801911125;
end of announcement euro adhoc
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company: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43 664 6119214
FAX: +43 1 80191 1290
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5, DE000A1HJLL6
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English