EANS-Adhoc: S&T System Integration&Technology Distribution AG / S&T results for first six months of 2010

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28.07.2010

S&T results for first six months of 2010:

• Revenues improved by 10% in Q2/2010 compared to Q1/2010 • Change at
the top - Thomas Streimelweger succeeds Christian Rosner as CEO •
Dynamic infrastructure and outsourcing business - Infrastructure
Solutions segment raises sales by 3.5 % in 1H/2010 vs. 1H/2009 •
Consulting business still unsatisfactory - Business Solutions segment
sales down 37.0% in 1H/2010 vs. 1H/2009 • Improved earnings
development in Q2 following Q1

Differentiated sales development After declining sales in previous
quarters and in the turnaround phase, the S&T group improved on both
the revenue and the cost side. Sales in Q2/2010 increased from EUR
82.7 million to EUR 91.0 million, compared to Q1.

Compared to the first six months of last year, the sales increase in
the IS segment by 3.5% to EUR 136.1 million compares to a decline in
sales in the BS segment by 37% to EUR 37.5 million. But also BS
showed a sales increase of 10.7% in Q2 2010 compared to Q1/2010.

The number of employees decreased in the first half from 2581 to 2406
FTEs, in parallel to the personnel cost. Costs related to write-downs
and provisions for projects were reduced following improved
receivables and project management.

Earnings Consolidated EBITDA improved to EUR -2.2 million (Q1/2010:
EUR -4.5 million), whereas EBIT was up to EUR -3.5 million (Q1/2010:
EUR -5.9 million). For the first six months of 2010, EBITDA was EUR
-6.8 million (compared to EUR +1.5 million in first six months of
2009), EBIT was EUR -9.4 million (compared with EUR +1.5 million in
first six months of 2009).

Financial Position Net financial debt amounted to EUR 70.1 million at
30 June 2010 (from 51.8 million at 31 December 2009), which
represents 37.7% (23.9%) of total assets. Shareholders' equity
decreased to EUR 23.0 million (after 33.4 million at 31 December
2009), which is 12.4% (15.4%) of total assets. The Group plans to
strengthen its equity capital.

Order situation The order situation is stronger in Q2, but has not
yet shown full impact on the total turnover. The planned development
of the services offering should be the basis for subsequent long-term
contracts and high-margin and know-how-dominated projects which
should further strengthen the financial situation. In the IS segment
S&T focuses on the expansion of our workplace management / virtual
desktop and data center services, outsourcing and cloud computing
services. The Group has openings for over 100 highly qualified
employees.

Outlook Through a set of comprehensive measures, S&T considers itself
back in a good position to harvest new business in the second half
year of 2010. S&T expects a good recovery in both segments and above
all a strong Q4 in the IS segment. Thomas Streimelweger, new CEO of
S&T since 1 July 2010, has prioritized the fastest possible return to
the operational and bottom line profitability, which shall be
achieved in the fourth quarter.

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