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26.01.2006 | Austria
S&T Announces Preliminary Figures for 2005: Strategy ConfirmedSales +61.3%, EBIT +63.5%
In fiscal year 2005, sales increased by EUR 134.5 million to EUR 354 million, up 61.3% on the previous year. Earnings before interest and tax (EBIT) were boosted by 63.5% on the previous year, rising from EUR 5.2 million to EUR 8.5 million. According to S&T CEO Christian Rosner, “these results represent a milestone in the development of the company’s business. We were able to achieve a significant improvement in the operating result, while at the same time moving forward with our dynamic growth strategy and a series of acquisitions. We can be proud of our fine achievements in 2005, as we can quite honestly say that these are record-setting results.” The increase in the operating result in 2005 was based on two positive developments: vigorous expansion of the IT solutions business, including the acquisition of the SAP specialist EFP/Varias and the Serbian banking software specialist SITO, as well as streamlining of the Group’s structure. OutlookIn 2006, no major changes in macro-economic conditions are anticipated compared to 2005. According to IDC, growth in IT markets in Central and Eastern Europe is expected to continue to be above average. “Being the largest Austrian IT company and market leader in CEE, our goal is to consistently expand our market share in the markets in which we do business. In addition to reinforcing our competitive position, an improvement in margins at the Group level will be made possible by reaching the necessary critical mass in the individual markets. Accordingly, we intend on vigorously pursuing our strategy of expansion and acquisitions in the future, and to this end we are currently reviewing 4 potential takeover targets,” explained S&T’s Management Board Chairman. Final results for the fiscal year ended December 31st, 2005 will be released by S&T on March 28th, 2006. Conference CallS&T management will be available for a conference call on January 26th, 2006, at 16:00 CET. In order to participate, please call 0049 (0)69 2222 7111, 0043 (0)1 7957 6055 for Austrian participants and 0044 (0)20 7784 1004 for participants from the UK a few minutes before the start of the conference.As an additional service, a recording of the conference call will be available from February 1st, 2006, on the S&T homepage: http://www.snt.at |
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