euro adhoc: S&T System Integration&Technology Distribution AG / Financial Figures/Balance Sheet / S&T ends the 2008 financial year with a good fourth quarter

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11.02.2009

Services and consulting business continues to grow

At S&T, the 2008 business year was characterized by qualitative
growth. Despite the global financial crisis, according to preliminary
figures the company increased the share of the solutions and services
business as a percentage of total sales to 51% (2007: 45%). In 2008,
S&T achieved total sales of 512 million euros, an EBIT of 9.1 million
euros and an EBITDA of 16.4 million euros.

Despite the difficult market conditions, the S&T Group achieved sales
of 512 million euros in 2008 and thereby kept pace with the record
year in 2007 (522.2 million euros). The development of sales figures
in the solutions and services business was particularly pleasing and
in accordance with the group´s strategy: the sales for Software
Solutions and IT/SAP Consulting (Business Solutions) rose by more
than 5% to 157 million euros (2007: 149 million euros) and the
Managed Services sales (Outsourcing und Outtasking) increased
outstandingly by almost 20% to 103 million euros (2007: 86 million
euros). Thus, these two areas combined constitute 51% of total sales.
This increase was attained with the existing staff - an indication of
the success of the group´s productivity efficiency measures in these
personnel-intensive fields. The Enterprise Systems business
registered sales in 2008 of 252 million euros (2007: 287 million
euros), further improved margins and increased its positive influence
on the services and consulting business. As IT equipment is primarily
settled in US dollars, around half of the decrease in sales in this
area resulted from currency effects, due to the weakness of the
dollar.

Profitable Q4 The fourth quarter, which is traditionally strong for
the IT services sector, was also profitable in 2008 for S&T, although
the crisis was having a considerable effect on the IT market by the
end of the year. In Q4 2008, S&T achieved sales of 150 million euros
(Q4 2007: 170 million euros) and an EBIT of 4.1 million euros (Q4
2007: 6.9 million euros). "In particular the fourth quarter turned
out satisfactorily despite the economic downturn and despite internal
restructuring. During the course of the year we successively
implemented packages of measures which were originally intended to
contribute to an outstanding EBIT result. These have ultimately led
to us achieving respectable and positive results", comments Christian
Rosner, CEO S&T.

Stable Position With an EBIT of 9.1 million euros (2007: 13 million
euros) and an EBITDA of 16.4 million euros (2007: 20 million euros),
S&T could not entirely avoid the effects of the economic downturn in
2008. However, in view of the good initial position, the consistent
application of the business strategy and the stability measures
implemented, the management sees no reason for a depreciation of
company value. The pre-tax results were weighed down by the general
currency volatility in certain S&T countries as well as by the fall
in value of the Ukrainian Hryvnia and Romanian Lei currencies. In
all, a break-even net result can be expected for the 2008 financial
year. "Considering the economic conditions and the development of the
IT market, we are satisfied overall with 2008. We had admittedly
expected much better results in a number of countries, such as
Russia, Hungary, China and Turkey, and somewhat better in DACH as
well, but the majority of the countries fulfilled their goals
outstandingly", says Rosner. In addition to exchange rate volatility,
the financing of large projects proved to be problematic due to the
restrained attitude of banks. Extraordinary costs also arose in 2008
due to the necessity for project reorganization in a number of cases
in the first half of the year and the new organizational structure
implemented in the group in the second half of the year. At the end
of the year S&T employed 3,135 staff and therefore maintained stable
staffing levels in comparison to 2007. Rosner: "We are well prepared
for the hard times ahead and still see potential for us even in 2009,
due to consolidation in the market".

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:

Gabriela Mair

Head of Corporate Communications

T: +43 1 367 80 88 1024

Mobil: +43 664 60191 1024

Gabriela.Mair@snt-world.com

www.snt-world.com

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