euro adhoc: S&T System Integration&Technology Distribution AG / Financial Figures/Balance Sheet / S&T again increases services sales in Q3

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quaterly report

29.10.2008

Optimistic outlook for the entire 2008 financial year

Vienna, 29th October 2008. Despite the ongoing international
financial crisis, the IT consultancy and service provider S&T has
again successfully expanded its consulting and services business in
the third quarter of 2008. In the Managed Services sector
(outsourcing solutions), S&T showed an increase in sales of 23.2%, to
26.1 million Euro, for this period (Q1-Q3 2008: 73.3 million Euro,
+21.0%). Sales figures for the Business Solutions Division (software
solutions and SAP consulting) rose in the third quarter of 2008 by
1.3% to 39.9 million Euro, and increased in the first nine months of
the year by 12.4% to 115.3 million Euro. Total sales increased in Q3
2008 by 1.7% to 124.9 million Euro, and increased from January to
September 2008 by 3.1%, to 362.3 million Euro. The company is
expecting sales of 510-520 million Euro and an EBIT of 11-12 million
Euro for the whole year, thereby achieving numbers close to the
record figures from 2007.

The contribution to S&T Group sales growth made by the service
provision business (outsourcing, software and consulting) has
increased over-proportionally and now accounts for 52% of total
sales. The hardware-related Enterprise Services business achieved
sales of 58.9 million Euro (-5.4%) in Q3 2008 and 173.7 million Euro
(-7.8%) for the first nine months of the year. "Due to the financial
crisis, some customers have postponed infrastructure orders, in
particular those involving servers and storage equipment," explains
Christian Rosner, S&T CEO. In the third quarter of 2008, the Group
generated an EBITDA of 3.3 million Euro (-24.7%), January to
September totalling 10.6 million Euro (-7.7%). The EBIT for Q3 was
1.4 million Euro (-44.4%) and was 5.0 million Euro (-17.1%) for the
first nine months of the year. The gross margin was 40.5% in Q3 and
40.2% for the year to the end of September. Rosner: "The financial
crisis unfortunately can´t fail to have some impact on S&T, but we
have a stable business model with a considerable portion of our
portfolio consisting of services and consulting, as well as mostly
mid-term duration contracts and projects. In addition, IT is crucial
for practically every company and is vital in particular when it
comes to boosting cost and efficiency potentials. We are therefore
currently expecting a good 2008 fourth quarter in our key business
units".

2008 Outlook Despite the prevailing economic climate, the S&T Group
expects a good 2008 fourth quarter in the majority of its countries.
For the whole year, the company expects total sales of 510-520
million Euro and an EBIT of 11-12 million Euro. Rosner: "We are
assuming that we will again increase the gross margin for the whole
year and that we will be able to continue on our path of solid
success, despite the ongoing crunch. In 2009 we will focus on
increasing profitability in all countries and business units."

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:

Mag. Gabriela Mair

Corporate Communications

mailto:gabriela.mair@snt-world.com

S&T System Integration &

Technology Distribution AG

Geiselbergstraße 17-19

1110 Vienna, Austria

Phone: +43 1 367 80 88

mailto:snt@snt-world.com

www.snt-world.com

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