EANS-News: S&T AG: exceeding targets for 2014

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annual report

* Revenues from sales reached EUR 385.5 million (PY: EUR 337.9
million) * Consolidated income showed a strong y-on-y rise to EUR
14.0 million (PY: EUR 11.9 million) * Operating cash flow nearly
doubled to EUR 20.6 million (PY: EUR 11.1 million) * Proposal to
increase dividend to 7 cents * High backlog of EUR 157 million (PY:
97 million) sets course for strong growth in 2015

Linz, 01.04.2015. S&T AG (www.snt.at) is setting forth its course of
growth. Powered by a strong fourth quarter, S&T's revenues from sales
rose more than 14% in financial year 2014, going from EUR 337.9
million (2013) to EUR 385.5 million (2014). S&T thus exceeded the
target of EUR 375 million set for the year.

The "Services EE" segment achieved sales of EUR 217.2 million (PY:
EUR 199.7 million). In addition to this, it was once more S&T's
"technologies segments" that drove corporate growth. The two
Appliances segments registered sales of EUR 78.8 million (PY: EUR
41.6 million), of which EUR 28.8 million stemmed from the
newly-created "Appliances Smart Energy" one. In 2014, the Services
"Germany, Austria and Switzerland" segment (in 2013: "Products")
scaled down its low margin business. Its sales accordingly declined
as planned to EUR 89.6 million (PY: EUR 96.7 million), with its gross
margin increasing from 19.3% (2013) to 22.3% (2014).

Making this growth even more gratifying is the fact that the
company's indicators of earnings developed so positively,
notwithstanding the expansion of scope of business and the losses
ensuing from the starting up of the "smart energy" sector. Gross
margin rose slightly to 33.0% (PY: 32.9%). Costs did not rise as fast
as sales. This, in turn, caused EBITDA to increase to EUR 22.9
million (PY: EUR 20.1 million). Consolidated income increased 17% to
EUR 14.0 million (PY: EUR 11.9 million). Earnings per share rose to
32 cent (PY: 30 cent). Upon being adjusted for amortization-caused
expenditures, the earnings per share come to 37 cent (PY: 36 cent).

Cash flow from operations came to EUR 20.6 million (PY: EUR 11.1
million). The inflows of liquidity enabled the financing of the
acquisitions concluded and the reduction of financial liabilities.
Thanks to this, the net debt declined substantially to EUR 1.5
million (PY: EUR 9.4 million). These positive developments in
liquidity are causing S&T's Management and Supervisory Boards to
propose to the general assembly of shareholders the paying out of a
dividend of 7 cent per share, a 15% increase over 2013. The dividend
is treated as a repayment of capital for Austrian income tax purposes
according to Section 4 Subsection 12 of the Austrian Income Tax Act.

The positive development of corporate finances and earnings
manifested themselves in the performance of the equity, which rose
to, as of 31.12.2014, EUR 89.7 million (PY: EUR 71.2 million).

Management expects revenues to rise 20% to EUR 465 million in 2015.
The course of strong growth will be set forth in 2016. These
forecasts are based upon the amount of the backlog - EUR 156.7
million as of 31.12.2014 (PY: 97.2 million EUR) - and the project
pipeline, which came as of 31.12.2014 to EUR 644.4 million (PY: EUR
308.1 million). The new projects to be implemented by the Smart
Energy segment are expected to be a prime source of this growth.
Management does not expect this segment's revenues - due to
development and start-up costs - to make a significant contribution
in 2015. Management does expect the segment to become highly
profitable in 2016.

Management's plans foresee the Group's achieving in 2015 consolidated
income of at least EUR 15 million, the encumbrances in the smart grid
sector notwithstanding. Income will then substantially rise in
2016.The development of business in the first quarter of 2015 has
provided initial confirmation of the prediction for the 2015.

On S&T AG: S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT)
is a technology company. It employs some 2,200 staff members. They
work for the company's offices, which are located in 20 countries
around the world. The comprehensiveness of S&T's portfolio of IT
systems, services and solutions makes the company one of the leaders
in the field in Central and Eastern Europe. S&T is a renowned IT
manufacturer. Its portfolio comprises IT products, many of them
featuring proprietary technologies used in the appliances and cloud
security sectors. In 2014, S&T started up its "Smart Energy" segment,
which is now in the process of being developed. Thanks especially to
Networked Energy Services Corporation (www.networkedenergy.com), S&T
is among the world's leading providers of smart grid technologies.

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