EANS-Adhoc: S&T AG: further successes in the first half of 2013

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Mid Year Results/6-month report
06.08.2013

- Consolidated earnings increased to Euro 4.1 million (PY: Euro 3.4
million) - Revenues stable at Euro 157.6 million (PY: Euro 158.2
million) - Financing and liquidity secured over the long-term

Linz, 06.08.2013. S&T AG (www.snt.at) achieved the targets it had set
for itself in the first six months of 2013. The company had revenues
of Euro 157.6 million for the period. That was nearly at the level of
the previous year (Euro 158.2 million). The second quarter of 2013's
revenues of Euro 80.6 million were somewhat above those of the second
quarter of 2012's Euro 80.1 million. All of S&T's segments (Products,
Services and Appliances) registered virtually stable sales.

Cost reductions have had a positive effect on the company's earnings.
S&T achieved in the first half of 2013 an EBITDA and consolidated
earnings of Euro 8.1 million (PY: Euro 7.2 million) and Euro 4.1
million (PY: Euro 3.4 million). This corresponds to an increase of
more than 20%. These results make the achieving of the objective that
we have set for 2013 - an increase of earnings of 25% - eminently
realizable. S&T's EBITDA and consolidated earnings came in the second
quarter of 2013 to Euro 4.5 million (PY: Euro 4.4 million) and Euro
2.1 million (PY: Euro 2.7 million). The positive results achieved in
the first half and second quarter of 2013 were boosted by the
synergies resulting from the merger and by the lack of restructuring
effects in 2013.

S&T's rise in profitability primarily stemmed from the Appliances
segment, whose business developed well. Net profits outgrew revenues.
In the second quarter, the former came to Euro 1.4 million (PY: Euro
0.8 million). The figure for the first six months of 2013 amounted to
Euro 2.9 million (PY: Euro 2.0 million). This segment is responsible
for some 70% of the profits achieved by the Group as a whole.

The company's financial liabilities underwent a major change in the
second quarter of 2013 that secures financing in the long-term. This
resulted from the successful issuing of a five-year corporate bond.
It comes to Euro 15 million. This was accompanied by the
transformation of short-term bank loans into long-term financing
amounting to Euro 8.0 million. As of 30.06.2013, S&T's long-term
financing thus came to Euro 24.5 million (31.12.2012: Euro 7.0
million) while short-term financing decreased to Euro 26.2 million
(31.12.2012: Euro 37.8 million). S&T's liquid funds amounted as of
June 30, 2013 to Euro 28.0 million (31.12.2012: Euro 29.9 million).

The results achieved caused S&T's equity to stage a substantial rise.
It amounts to Euro 67.4 million (31.12.2012: Euro 64.0 million). The
equity rate came to 34.1% (31.12.2012: 29.9%). The optimization of
the S&T Group's financing has led some 50% of its balance sheet sum
to be covered on a long-term basis by equity and non-current
financing.

S&T's management expects to achieve a 25% increase - as compared to
the previous year - in consolidated earnings in financial year 2013.
Profits are thus set to reach Euro 12 million. The development of
business during the first half of 2013 and the large-sized
contribution made to earnings by the Appliances segment confirm these
forecasts. Even greater rises in revenues and profits are expected
for 2014.

On S&T AG: S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), formerly
Quanmax AG, is listed on the Prime Standard segment of the Frankfurt
Stock Exchange. The company has 1,500 employees. They work in offices
located in 19 CEE (central and eastern European) countries. S&T is
one of the three largest IT systems houses in Eastern Europe. S&T AG
has a broad-ranging portfolio. It features a large number of products
containing proprietary technologies. S&T maintains a sales network
covering all of the CEE region.

Further inquiry note:
ir@snt.at; +431801911125;

end of announcement euro adhoc
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issuer: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43(732)7664-0
FAX: +43(732)7664-801
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English