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

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6-month report

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.

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:

Petra Götz-Frisch

Head of Corporate Communications

T: +43 1 367 80 88 1024

Mobil: +43 664 60191 1024

petra.goetz-frisch@snt-world.com

www.snt-world.com

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