EANS-News: S&T AG: 2015's objectives exceeded

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Subtitle: - Consolidated income of EUR 17.6 million outperforms
2015’s plan of EUR 15.0 million - Revenues from sales rise to EUR
468.2 million (PY: EUR 385.5 million) - Operative cash flow grows to
EUR 26.7 million (PY: EUR 20.6 million) - Proposed increasing of
dividend to 8 cents (PY: 7 cents) - Orders backlog of EUR 181 million
(PY: EUR 157 million) and dynamic market for Internet of Things
enable setting forth the course of growth

Annual Reports

Linz, 30.03.2016. S&T AG (www.snt.at) is sustaining its strong
growth. Its very positive fourth quarter (revenue from sales of EUR
166 million, PY: EUR 132 million) boosted the company to new records
in financial year 2015. Revenues from sales rose y-on-y by 21% to EUR
468.2 million, up sharply from 2014's EUR 385.5 million. How
successfully S&T performed in 2015 is also to be seen in the key
indicators of profitability, which - notwithstanding start-up costs
in the "Appliances Smart Energy" segment - were greater than the
figures contained in corporate plans. Gross margin's increase to
33.9% (PY: 33.0%) yielded an EBITDA of EUR 28.3 million (PY: EUR 22.9
million). Consolidated income rose by 26% to EUR 17.6 million (PY:
EUR 14.0 million) and thus exceeded the planned amount of EUR 15.0
million by 17%. Earnings per share jumped to 36 cents (PY: 32 cents).

The "Services EE" is S&T's largest segment. It achieved revenues from
sales of EUR 264.3 million (PY: EUR 217.2 million). S&T's technology
segments proved to be the main drivers of growth in financial year
2015. They had revenues from sales of EUR 133.3 million (PY: EUR 78.8
million), of which our new "Appliances Smart Energy" segment was
responsible for EUR 50.8 million (PY: EUR 24.8 million), and of which
the "Appliances Security" one registered EUR 82.6 Mo (PY: EUR 53.9
million). Our "Services DACH" segment has been systematically
withdrawing from low-margin areas. This caused revenues from sales to
come to EUR 70.5 million (PY: EUR 89.6 million) - and EBITDA to rise
from EUR 1.1 million (2014) to EUR 2.5 million (2015).

Operative cash flow did even better than the company's business. The
former rose 29.6% to EUR 26.7 million (PY: EUR 20.6 million). In a
first for the company, S&T AG has a net cash balance of EUR 9.4
million (PY: net debt of EUR 1.5 million). Equity rose sharply to EUR
102.2 million (PY: EUR 89.7 million). S&T's earnings and liquidity
have caused the company's Executive and Supervisory Boards to suggest
increasing the dividend to 8 cents per share. This payout constitutes
for income tax purposes a capital repayment in cash in accordance
with Article 4 Paragraph 12 of Austria's Income Tax Act.

Management expects 2016 to be another year of strong growth. This
will result from the pursuing of the strategy formulated and
implemented over the past few years. Drivers of this growth will be
once more the "Appliances Security" and "Appliances Smart Energy"
segments. 2016's rises will be impelled by the strong demand for
services in the Internet of Thing's security area. This demand will
yield annual increases of 25% in 2016 and beyond for the segments.
The great amount of sales registered in the fourth quarter
notwithstanding, the order backlog came as of the end of 2015 to EUR
181 million, and was thus up strongly from that of the previous year
(EUR 156.7 million). Management's plans foresee revenues from sales
in 2016 of more than EUR 500 million, with consolidated income set to
out-rise that. This will be thanks to the strong performances to be
turned in by the company's technology segments.

On S&T AG:

S&T AG heads a high-tech group (www.snt.at,ISIN AT0000A0E9W5, WKN
A0X9EJ, SANT) that develops, manufactures and supplies IT systems and
their component services, products and solutions. These items feature
proprietary technologies, with these being especially predominant in
the areas of appliances, cloud security and smart energy. S&T is
listed on the Prime Standard segment of the Frankfurt Stock Exchange.
S&T's some 2,300 employees staff the company's subsidiaries and
offices in 20 countries. A number of these are located in Central and
Eastern Europe, on which market S&T is a leader.

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