EANS-News: S&T AG: further strong growth in sales and an even greater increase in profitability in Q1 2016

Geschrieben am 04-05-2016

Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.

Subtitle: - Sales grow by 4% to EUR 96.4 million (PY: EUR 92.8
million) - EBITDA increases by 8% to EUR 6.3 million (PY: EUR 5.8
million) - Consolidated income up to EUR 3.2 million (PY: EUR 2.7

quarterly report

Linz, 04.05.2016. S&T AG (www.snt.at) was able to set forth in the
first quarter of financial year 2016 the course of growth foreseen by
its corporate plans. The sales for the first quarter increased by 4%
to EUR 96.4 million (the first quarter of 2015: EUR 92.8 million).
This caused EBITDA to rise 8%, going from EUR 5.8 million to EUR 6.3
million. This is attributable to the reduction of expenditures
achieved in the smart energy segment. Consolidated income for the
first quarter rose to EUR 3.2 million (PY: EUR 2.7 million). As had
been the case in the first quarter of 2015, earnings per share came
to 6 cents.

Slightly exceeding plans, the "Services" segments recorded sales
amounting to EUR 70.0 million (PY: EUR 65.3 million) and an EBITDA of
EUR 2.6 million (PY: EUR 2.4 million). The "Technologies" segments
registered sales in the first quarter of 2016 that were at the
previous year's level. Their profitability increased. The segments'
revenues from sales came to EUR 26.3 million (PY: EUR 27.6 million),
the EBITDA amounted to EUR 3.7 million (PY: EUR 3.5 million). The
strong inflow of orders in the first quarter of 2016 is causing
management to forecast strong growth for the company's technology
sectors in 2016 as a whole.

The company's assets and liquidity situations remain very strong. At
EUR 101.8 million as of 31.3.2016, the company's equity remained
virtually unchanged from 31.12.2015 (EUR 102.2 million). This caused
the equity ratio to rise from the end of 2015's 32.0% to 36.0% as of
31.03.2016. Cash and cash equivalents amounted to EUR 39.5 million
(31.12.2015: EUR 60.3 million). The financial liabilities were
reduced to EUR 48.9 million (31.12.2015: EUR 51.0 million). As had
been expected, seasonal effects caused the operative cash flow to
weaken to EUR -8.8 million. This was still much better than the
previous year's figure of EUR -17.0 million.

The company's sustained profitability and strong liquidity have
caused S&T's Executive and Supervisory Board to resolve to propose to
the company's shareholders, to be convened in June for its annual
general meeting of shareholders, an increasing of the company's
dividend to 8 cents. In terms of income taxes, this distribution
constitutes a capital repayment that meets the stipulations of § 4
Paragraph 12 of Austria's Income Tax Act.

At EUR 188.5 million, the orders backlog remained at a high level
(31.12.2015: EUR 170.0 million, after subtracting EUR 11 million for
the projects being carried out outside the EU by NES USA, which was
deconsolidated). The company's project pipeline attained EUR 864.5
million (up from EUR 701.5 million as of the beginning of 2016). This
development has caused management to forecast a strong second quarter
for the company, which is expected to realize sales substantially
exceeding the EUR 100 million mark.

The management expects financial year 2016 to bring a setting forth
of the course of expansion. Management has confirmed its previous
forecast: that the Group will achieve sales of more than EUR 500
million in 2016. Profits are set to rise even more strongly. The
technology segments serve the security and smart energy markets. The
strong demand for services ensuring the security of the operations
performed via the Internet of Things (IoT) should cause these
segments to register growth of more than 20% annually in 2016 and in
the years following that. The Group has a large order backlog. Many
of these orders are in the high-margin, high-tech area. The Group
also has a record volume of orders in its pipeline. These factors
substantiate these objectives for growth!

On S&T AG: S&T AG (www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT)
is a high-tech corporation. It employs some 2,400 employees, and
maintains subsidiaries and offices in 20 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 innovations in such areas as
appliances, cloud security and smart energy.

Further inquiry note:
ir@snt.at; +431801911125;

end of announcement euro adhoc

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
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English


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