EANS-Adhoc: S&T AG: substantial increase in earnings in first quarter of 2014

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

Financial Figures/Balance Sheet/3-month report
08.05.2014

S&T AG: substantial increase in earnings in first quarter of 2014

* consolidated income increases to EUR 2.4 million (2013: EUR 2.0
million) * revenues rises to EUR 79.2 million (2013: EUR 76.9
million) * equity rate climbs to 35.7 %, as opposed to 32.4 % as of
31.12.2013

Linz, 08.05.2014. S&T AG (www.snt.at) registered during the first
three months of financial year 2014 revenues of EUR 79.2 million
(2013: EUR 76.9 million). The gross margin came to EUR 25.8 million.
This was below the previous year's result (2013: EUR 26.7 million).
The increase in earnings recorded by the Appliances segment joined
savings in costs amounting to 4% and a rise in other income to,
however, substantially increase EBITDA to EUR 4.8 million (2013: EUR
3.7 million). Consolidated income rose to EUR 2.4 million (2013: EUR
2.0 million).

The Appliances segment achieved strong growth in the first quarter of
2014. Its revenues rose by 32% to EUR 12.3 million (2013: EUR 9.3
million). The segment's earnings climbed by 32% to EUR 2.0 million
(2013: EUR 1.5 million). Through its Appliances segment, S&T is
gaining its share of the strong growth of the cloud computing and
security businesses. S&T has also been offering since March 2014
solutions used in the "smart energy" area (in such applications as
intelligent electricity grids). These are to serve as the engines of
this segment's fast-paced development in the years to come.

The Products segment's revenues came in the first quarter of 2014 to
EUR 23.4 million (2013: EUR 22.0 million). The segment's results
suffered under the 2% drop in contribution margins. Despite cost
cuts, the earnings continued to be in the red - at -EUR 0.1 million
(2013: -0.2 million EUR). Downward pressures on margins caused the
planning of the "Red Flag" program of increasing efficiency. It
features the winding up of low-margin products during the next 12
months. This is to be accompanied by the not incurring of the ensuing
costs. The result of this will be a loss of EUR 18 million in sales
and EUR 1.5 million in gross margin. Saved at the same time will,
however, be EUR 2.5 million in costs. Incurred through the
conducting of the Red Flag program will be one-time costs of some EUR
0.8 million. The Services segment's revenues came to EUR 43.5 million
(2013: EUR 45.6 million). Its earnings were EUR 0.5 million (2013:
EUR 0.7 million). This was as planned.

S&T's assets and liquidity continued to develop very satisfactorily.
As of 31.3.2014, the company's liquid funds came to EUR 42.5 million
(31.12.2013: EUR 42.9 million). Due to the timing of the end of the
quarter, liabilities to banks increased slightly to EUR 55.0 million
(31.12.2013: EUR 52.3 million). Equity further increased. It came to
EUR 73.7 million as of the end of the quarter (31.12.2013: EUR 71.2
million), causing the equity ratio to rise to 35.7% (31.12.2013: 32.4
%). The first quarter's operative cash flow was at zero (2013: - EUR
3.6 million).

Orders on hand as of 31.03.2014 rose by 3.4% to EUR 100.5 million
(31.12.2013: EUR 97.2 million) This corresponds to the growth that
had been planned for S&T. Management expects 2014 as a whole to bring
- despite the drop in revenues being experienced by the Products
segment - a 10% rise in revenues. This would boost S&T's sales above
the EUR 375 million mark. This will be accompanied by a corresponding
growth in earnings, which are to exceed EUR 12 million.

About S&T AG:

S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime
Standard segment of the Frankfurt Stock Exchange. The company has
some 1,550 employees and offices in 17 countries in Central and
Eastern Europe. S&T is one of the three largest providers of IT
systems in Austria and in Eastern Europe. One of S&T's main assets is
the exceptional breadth of its portfolio of products and services.
Many of these feature proprietary technologies. These are for such
areas as cloud security, smart energy and mobile IT. This portfolio
is supplied throughout Central and Eastern Europe.

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

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: S&T AG
Industriezeile 35
A-4021 Linz
phone: +43 664 6119214
FAX: +43 1 80191 1290
mail: ir@snt.at
WWW: www.snt.at
sector: Computing & Information Technology
ISIN: AT0000A0E9W5, DE000A1HJLL6
indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt
language: English