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S&T: Results First Quarter 2006

S&T: First Quarter Results Confirm Jump Start into 2006

• Sales: EUR 101.1 million (Q1 2005: EUR 59.2 million)
• EBIT: EUR 3.1 million (Q1 2005: EUR 2.5 million)
• Rosner: "Strategy is Right on Target as our Focus on Solutions and Services Boosts Earnings Again"

Sharp Increase in Sales

In the first three months of the current financial year, the S&T Group reported revenues totalling EUR 101.1 million, up 71% on the same period in the previous year (2005: EUR 59.2 million).

Significant Improvement in Earnings

Profit from operations (EBIT) rose by an impressive 25% to EUR 3.1 million in Q1 2006, up from EUR 2.5 million in the first three months of the previous year. This figure is all the more impressive as it still includes the costs of integrating the acquisitions made in 2005 and as the figures for Q1 2005 also included significant other operating income. Sales and earnings both now include all the acquisitions made in 2005.

"We have succeeded in rounding off the S&T portfolio by acquiring the right companies in strategic terms and rapidly integrating them into the Group. The 400 SAP/ERP specialists we now employ have, for example, enabled us to double our SAP business. S&T has achieved a growth rate of 70% in the solutions and service business this quarter," said Christian Rosner, CEO of S&T AG.

Outlook

New impetus is expected for the IT market in the run up to the 2nd round of EU enlargement and from continued strong growth in Russia and Ukraine. There is still an enormous amount of pent-up demand for IT services and solutions in Central and Eastern Europe. Having an IT partner which works across the entire region is becoming increasingly important for multi-national corporations and the rapidly expanding medium-sized business segment. S&T is profiting both from this demand and from the decision taken two years ago to focus on industry solutions for telecoms, banks, insurance companies, power utilities, manufacturing companies and government.
S&T will continue its growth strategy with expansion measures and the carefully planned post-merger integration of acquisitions. Achieving profitable growth will remain the top priority. For 2006 the Management Board has set itself the target of achieving total sales in excess of EUR 400 million with EBIT of more than EUR 10 million.

Conference Call

S&T management will be available for a conference call on April 25, 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 May 2, 2006, on the S&T homepage: http://www.snt.at


About S&T - www.snt.at – XETRA VIENNA: SNT
With more than 1,900 employees S&T is the leading provider for IT solutions and services for customers in Central and Eastern Europe. The company develops and implements custom-tailored IT solutions for large and medium-sized telecommunications companies, banks, power utilities, manufacturing companies and public institutions. Through our subsidiaries in 19 countries we realize cross-border IT structures, offering our clients outstanding solutions and service competence.

For further information please contact:

Christian Rosner
Chief Executive Officer
T: +43 (0)1 367 80 88
Christian.Rosner@snt.at

Margit Hermentin
Head of Investor Relations and Corporate Communications
T: +43 (0)1 367 80 88-1024
M: +43 (0)664 112 36 36
Margit.Hermentin@snt.at


S&T SYSTEM INTEGRATION & TECHNOLOGY DISTRIBUTION AG
Geiselbergstrasse 17-19
1110 Vienna
Austria

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