EANS-Adhoc: S&T System Integration&Technology Distribution AG / Results 1st quarter 2010

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3-month report

28.04.2010

S&T: Restructuring in 2009 Also Burdened Q1 2010 Results

• First-quarter sales in the Infrastructure Solutions segment remained
stable compared to the previous year, but total Q1 2010 sales were down 14.6% to
EUR 82.7 million. In particular, the Business Solutions segment continued to
suffer from unsatisfactory capacity utilization throughout the S&T Group.
• As expected, problematic projects in Germany, Switzerland and Romania in
2009 also negatively impacted the performance of the S&T Group in Q1 2010.
• The Management Board expects a profitable business development in the
second half of 2010 in the light of the cost reduction program implemented in
the past financial year, the restructuring efforts in German-speaking Europe,
and strategic investments in the company´s sales capabilities.

Whereas S&T generated a positive operating result in most of its markets during
Q1 2010, the consequences of the previously-announced problematic projects in
German-speaking Europe and Romania as well as reduced sales in the Business
Solutions segment compared to the previous year led to an overall negative EBIT
of EUR -5.9 million in Q1 2010 (Q1 2009: EUR -1.2 million). Especially the
existing order situation in Austria, Germany, Switzerland, Bulgaria, Slovakia
and Ukraine resulted in a decline in total sales to EUR 82.7 million (Q1 2009:
EUR 96.8 million), which was however largely compensated for in earnings by the
implemented cost-saving measures.

As in the previous quarter the unsatisfactory business results can be
attributed to the difficult economic situation in the IT market in
many countries, but also the efforts to repair the damage done and
deal with the repercussions of the previously mentioned projects from
2009 and the considerable sales and marketing investments.

Heterogeneous development within the business areas Total sales in
the Infrastructure Solutions (IS) segment were also satisfactory in
Q1 2010 on the basis of long-term service and outsourcing contracts.
The Infrastructure Solutions segment is continuing to determinedly
pursue its positioning as the leading provider of managed service and
outsourcing. Sales in the Business Solutions segment were down 38
percent in Q1 2010. This is due to the ongoing low level of customer
investments, along with the fact that considerable resources are tied
up in rectifying and completing some projects. S&T expects a
significant improvement in sales and earnings in this segment
starting in Q3 2010 based on the strengthening of the sales
organization, an increasing order volume and conclusion of the
difficult projects.

Outlook for 2010 According to the Management Board, the structural
measures have been concluded for the most part. The current work
force of close to 2600 employees as well as the organizational
structure and strategic orientation will remain unchanged. S&T is
expected to return to growth and sustainable profitability in the
second half of 2010.

The interim report on the business results of the S&T Group for the
first quarter of 2010 will be published on May 17. See
www.snt-world.com/ir

Note: All figures contained in this announcement represent unaudited
figures.

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:

Mag. Michael Dvorak

Head of Investor Relations

T: +43 1 367 80 88 1020

Mobil: +43 664 60191 1020

michael.dvorak@snt-world.com

www.snt-world.com

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