EANS-Adhoc: S&T System Integration&Technology Distribution AG / Positive operating EBIT (+0.4 million euros)

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28.07.2009

Stable services sales in second quarter 2009

The results of the S&T Group have continued to improve in Q2 2009 compared to Q1
despite significant restructuring costs. Reduced sales in the fields of Business
Solutions and Enterprise Systems are in line with the general IT market
development.

With an EBIT in the Q2 2009 of -0.39 million euros (2008: 1.5 million euros) and
an EBITDA of EUR 1,0 million (Q2 2008: 3.2 million euros), S&T was not able to
completely avoid the impact of the economic crisis, but could still achieve a
positive operating EBIT of +0.4 million euros when allowing for restructuring
costs of more than 0.8 million euros. In the third and fourth quarters of 2009
S&T expects a stabilization of orders and an improvement of results. The gross
margin improved to 41.5% (Q2 2009: 40.0%) and the share of consulting and
services business in the total sales rose to 57.5% (54.3 million euros out of a
total of 94.3 million euros). In the field of Managed Services (MS), which
mainly involves long-term service and outsourcing contracts, sales remained
stable at 23.3 million euros (Q2 2008: 23.9 million euros), whereas sales in
Enterprise Systems (ES) fell by 28% to 40.1 million euros. The consulting
services provided by the Business Solutions (BS) unit were down in terms of
sales by 17.0% to 31.0 million euros. The EBIT of -0.39 million euros in the
second quarter was primarily due to restructuring costs (0.8 million euros) and
a reduction in the workforce from approximately 3,100 to 2,800. The S&T Group is
currently examining two interesting acquisition candidates in its core regions
that would support an significant increase in market share and core expertise.
The company will submit an initial forecast for the full year 2009 in September.

Further inquiry note:
Petra Götz-Frisch
Head of Corporate Communications
T: +43 1 367 80 88 1024
Mobil: +43 664 60191 1024
[email protected]
www.snt-world.com

end of announcement euro adhoc
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emitter: S&T System Integration&Technology Distribution AG
Geiselbergstraße 17-19
A-1110 Wien
phone: 01-367 80 88
FAX: 01-367 80 88-1099
mail: [email protected]
WWW: www.snt-world.com
sector: Computing & Information Technology
ISIN: AT0000905351
indexes: WBI, ATX Prime
stockmarkets: official market: Wien
language: English

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