EANS-Adhoc: S&T System Integration&Technology Distribution AG / S&T solutions and services business grew in 2008

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annual report/Results for the fiscal year 2008

31.03.2009

Growth in quality as well as increased productivity Solutions and
services projects made up 51 % of total sales at the S&T Group in
2008 - which equates to a clear increase of 6 percentage points
compared to 2007 and constitutes an important step toward achieving
the strategic goals of the company. Total sales for the IT consultant
and service provider amounted to 513.4 million euros - close to the
figure from the previous year (2007: 522.2 million euros / -2 %). In
2008, S&T achieved an EBIT of 9.1 million euros (2007: 13.0 million
euros / -30 %) and an EBITDA of 16.4 million euros (2007: 20.4
million euros / -20 %). In 2009, S&T will make targeted use of its
strengths and opportunities in order to continue the successful
development of the company.

By 2011, S&T is aiming to achieve approximately 60 % of overall sales
from IT solutions and services. The results from the 2008 financial
year provide a solid basis for achieving this, despite the difficult
market conditions. In the Managed Services division (outsourcing and
outtasking of infrastructure) alone, the business achieved sales of
104.9 million euros, which represents growth of 21 % (2007: 86.5
million euros). Sales in the field of software solutions and IT/SAP
consulting (Business Solutions) rose by 5 % to reach 156.2 million
euros (2007: 149.1 million euros). These increases have been attained
as a result of measures implemented to increase productivity, with
employee numbers remaining constant in comparison to 2007.

The Enterprise Systems business division registered sales in 2008 of
252.3 million euros (2007: 286.6 million euros / -12 %), with this
decrease from the previous year primarily being the result of
exchange rate volatility in the second half of the year and the
somewhat disastrous decline in the value of various currencies
towards the end of the year, in particular the Ukrainian hryvnia, the
Hungarian forint and the Romanian leu. However, margins in this
business division have continued to improve and its positive effect
on the services and consulting business has been utilized.
"Considering the poor overall economic development in 2008 we have
attained respectable results, although they could certainly have been
better in the first half of the year. 2009 will be no less
challenging, but we will tackle it with an aggressive approach,"
comments Christian Rosner, CEO S&T.

Good performances: Romania, Ukraine, Croatia and Japan With sales of
155.2 million euros (-9 %), the S&T Central region* made the largest
contribution to the group´s total sales in 2008, followed by DACH
with 149.3 million euros (+6 %). The highest growth was achieved in
the Asia region, with an increase of +8 % to 13.0 million euros,
although the absolute values are still quite small. The Adriatic
region remained stable with sales of 117.0 million euros (0 %),
whereas sales decreased slightly in the East region to 78.9 million
euros (-4 %), mainly because of the above mentioned currency issues.
Rosner: "At the individual country level, Romania, Ukraine, Croatia
and Japan in particular, as well as some smaller countries, have
delivered outstanding contributions to the group results. The
performances in Russia, Turkey, Hungary and the DACH region
unfortunately came in below our expectations."

Balanced industry mix As in previous years, the largest contribution
to the S&T Group´s sales came from orders in the manufacturing
industry. In 2007, 26 % of sales were a result of projects for the
manufacturing industry, and this figure grew to 33 % in 2008. Orders
from companies such as Danone in Russia and Mondi Frantschach in
Austria have contributed to this development. The share of group
sales in the financial services industry dropped slightly, to 19 %
from 21 % in 2007. Respective 15 % contributions to group sales were
made by the field of retail trade (2007: 14 %), including projects
for companies such as Spar Austria, M.video, and Direct Trade, and
the field of telecommunications providers (2007: 17 %), including
projects for operators such as Bulgarian Telecom and Kievstar GSM
Ukraine. 12 % (2007: 15 %) of group sales were related to projects in
the field of public administration (numerous government ministries as
well as the postal services in Montenegro and Serbia and the state
forestry agency in Poland) and 6 % (2007: 7 %) came from the area of
energy suppliers and utilities, a figure which includes large
projects for OMV and the China National Petroleum Corporation.

Balanced net result Although S&T could not entirely avoid the effects
of the economic downturn in 2008, as reflected by the EBIT of 9.1
million euros (2007: 13.0 million euros / -30 %) and EBITDA of 16.4
million euros (2007: 20.4 million euros / -20 %), the company could
still achieve a balanced net result of -0.3 million euros (2007: 3.8
million euros). The result was adversely affected primarily by
project restructuring in the first half of the year, as well as
exchange rate fluctuations and difficulties in obtaining financing
for large projects. The gross margin developed positively, increasing
from 34 % in 2007 to 39 % in 2008, mainly as a result of the
solutions and services business. "Our group has a solid foundation,
and is secured in the mid-term with attractive financing conditions.
The crisis offers us opportunities too, of course, and we want to
make the most of these in order to gain more market share and to
continue on our path of successful development. Nevertheless, strict
cost control continues to be an important issue," states Rosner.

*S&T Regions: Central: Czech Republic, Hungary, Moldova, Poland,
Slovakia, Ukraine Adriatic: Albania, Bosnia-Herzegovina, Croatia,
Macedonia, Montenegro, Serbia, Slovenia East: Bulgaria, Romania,
Russia, Turkey DACH: Austria, Germany, Switzerland Asia: China, Japan

end of announcement euro adhoc
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ots Originaltext: S&T System Integration & Technology Distribution AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Gabriela Mair

Head of Corporate Communications

T: +43 1 367 80 88 1024

Mobil: +43 664 60191 1024

Gabriela.Mair@snt-world.com

www.snt-world.com

Branche: Computing & Information Technology
ISIN: AT0000905351
WKN:
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market