euro adhoc: S&T System Integration&Technology Distribution AG / quarterly or semiannual financial statement / S&T AG 1st quarter 2007 with light increase in revenue

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Company Information

26.04.2007

Main focus: IMG takeover and expansion of consulting business

Turnover Q1 2007: 104.4 million Euro
EBITDA Q1 2007: 3.2 million Euro
EBIT Q1 2007: 1.6 million Euro

April 26th, 2007. After an extremely strong Q4/2006, the S&T
corporate group generated a turnover of 104.4 million Euro in the 1st
quarter of 2007, representing an increase of 3% in comparison to the
1st quarter of 2006 (101.1 million Euro). The EBITDA in the first
quarter of 2007 amounts to 3.2 million Euro, the EBIT 1.6 million
Euro.

The beginning of the 2007 business year was primarily marked by the
takeover of IMG The Information Management Group and the integration
preparations, the extremely positive market trend of the S&T stock,
as well as measures across the corporate group to expand the
consulting and solution business. The political developments in parts
of the CEE proved to be a challenge.

As expected, in the first quarter of 2007 the S&T corporate group
successfully continued its strategic course from 2006, with slightly
weaker profits. At the end of 2006, many large projects had been
successfully concluded, resulting in the first three months of this
year being dedicated to the acquisition of orders, starting new
projects and the largest takeover in the history of the company as
well as the extremely positive reactions of the capital market.
During the first quarter, the share price increased by 45%, from 39.3
Euro (on 2/1/2007) to 57 Euro. During the same period, the market
capitalisation increased from 140.2 million Euro to 203.4 million
Euro. "We consistently continue the implementation of our strategic
objectives. The capital market rewards this. To boost organic growth
as well, we have started a few new initiatives in the first quarter,
which are now being rolled out, and also recruited new specialists in
the technology area as well as for our target industries," Christian
Rosner, the CEO of S&T AG, explains.

The SAP medium-sized businesses offensive

In cooperation with SAP, S&T starts an SAP medium-sized businesses
offensive in nine countries in which the group is represented
(Poland, the Czech Republic, Hungary, Slovenia, Croatia, Serbia,
Romania, Turkey and Austria). The targets of the numerous sales and
marketing measures are upscale medium-sized businesses who will be
offered pre-fabricated SAP solutions that can be implemented quickly
and cost-effectively. In Croatia, for example, around 550 companies
have more than 200 employees each, while in Romania, around 850
companies with more than 500 employees are in our target group.

Measures to expand the consulting business

Aside from the medium-sized businesses, other measures to increase
the consulting and solutions business were also emphasised in the
first quarter of 2007. Based on the enormous demand, the expansion of
the SAP training centres (in Slovenia) to Croatia and Serbia was
started sooner than originally planned. The area of information
security, compliance and convergent networks was boosted by an
increase in personnel in S&T headquarters and corresponding
activities across the corporate group. The optimal utilisation of the
consultant and specialist capacities in the entire group was planned
by a central S&T / IMG resource management.

Competence Center strategy shows results

The bundling of technology and industry know-how and the coordinated
utilisation of the corresponding specialists across the corporate
group shows initial positive results. The Competence Center HP
OpenView, opened in Bucharest in December 2006, is happy to report
numerous incoming orders from various S&T countries, especially
Bulgaria, Slovenia, Romania and Slovakia. The Competence Center for
IBM Tivoli in Slovenia is also operating successfully. "The customers
and our distributors have reacted very positively to this offer. The
Competence Centers actively supported the marketing teams in the S&T
countries, which helped to increase the number of concluded
contracts," Rosner explained.

Integration costs as a challenge

The political events, e.g. in Hungary, as well as the special general
conditions of other markets such as Russia or the Ukraine, affected
S&T’s business in the first quarter. The partial restraint of
customers could also be attributed to the expiration of EU subsidy
programmes. For example, S&T received several orders in the course of
the preparation of the Euro introduction in Slovenia in 2006 and
successfully concluded these by the end of 2006. Rosner: "The
integration of the acquisitions of 2006, Grall, Unitis, T-Systems
Turkey and BEELC not only required great attention, but also
investments which should however be concluded in Q1." In the first
quarter of 2006, S&T had 1,900 employees, while acquisitions and
employee build-up resulted in a total number of 2,376 employees in
the first quarter of 2007."

2007: Experts are confident

EITO experts again project double-digit growth rates especially for
many Eastern European countries for the 2007 business year. With IMG,
S&T is active and well-equipped with 3,000 employees in 23 countries.
"We face the challenges of the marketplace and of our own company
development, which is influenced decisively by the IMG integration.
The potential is there, and the capital market and our customers
place great trust in us. In 2007, the expansion of our leading
position in the areas of IT consulting, solutions and services is on
our agenda, as is the strengthening of the business with
multi-national customers and the competence expansion within the
group," according to Rosner.

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: SNT

end of announcement euro adhoc 26.04.2007 07:15:00
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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


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