EANS-News: S&T AG steps up in first half of 2014 sales and earnings

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6-month report

* Sales increase 5% to EURO 164.8 million (2013: EUR 157.6 million)
* EBITDA up 23% to EUR 10.0 million (2013: EUR 8.1 million)
* Prospects: growth is to accelerate in 2015 thanks to "smart energy"

Linz, 05.08.2014. S&T AG (www.snt.at) was able in the second quarter
of 2014 to step up its earnings and sales growth. Sales rose 6.1%
from 2013's EUR 80.6 million to the second quarter of 2014's EUR 85.6
million. This was accompanied by gross margin's increase from EUR
27.2 million to EUR 28.5 million. 2014's operative costs came to EUR
26.0 million, EUR 0.6 million less than the previous year's EUR 26.6
million. The growth joined with the cut in costs in yielding in the
second quarter an EBITDA of EUR 5.2 million (2013: EUR 4.5 million).
Consolidated income amounted to EUR 2.5 million, up 19% from 2013's
EUR 2.1 million.

Sales rose in the first half of 2014 to EUR 164.8 million (2013: EUR
157.6 million), with EBITDA climbing to EUR 10.0 million (2013: Eur
8.1 million). This caused consolidated income to amount to EUR 4.9
million (2013: EUR 4.1 million). Income per share therefore came to
12 cents, as opposed to 10 cents in the first half of 2013.

Strongest driver of growth was the Appliances segment. The first half
of 2014's sales were up 46% to EUR 26.2 million (2013: EUR 18.0
million), with the segment's earnings climbing to EUR 4.0 million
(2013: EUR 2.9 million). Even stronger growth is expected in 2015 for
the Appliances segment. This will ensue from the fast-growing "smart
energy" market, in which S&T has been active since 2014.

Liquid funds came to EUR 32.3 million, as opposed to EUR 42.9 million
as of 31.12.2013. The funds were used to reduce short-term bank loans
(EUR 4.9 million), to pay dividends amounting to EUR 2.4 million, and
to make acquisitions. Notwithstanding a payment of a dividend of 6
cents per share - the first in the company's history - equity rose to
EUR 74.1 million as of 30.6.2014, up from EUR 71.2 million as of
31.12.2013. The equity rate thus amounted to 35.9% (31.12.2013:
32.4%). The first half of 2014 registered a cash flow of EUR -0.1
million (2013. EUR -2.8 million).

S&T's management is forecasting that the decline of sales registered
by the Products segment will be overcome, and that consolidated
income for financial year 2014 will record a 10% rise to at least EUR
375 million. After removing the effects from the previous year's
value, consolidated income will outperform the above rise, increasing
to more than EUR 12 million. The strongly growing smart energy sector
is expected to further step up growth in financial year 2015.

About S&T AG:

S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is listed on the Prime
Standard segment of the Frankfurt Stock Exchange. S&T has some 1,550
employees. They staff offices in Central and Eastern European
countries. The company is one of the three largest providers of IT
systems in Austria and Eastern Europe. This position is thanks to its
variegated portfolio of products and services, which feature
proprietary technologies, which form the cores of cloud security,
smart energy and mobile IT solutions, and which are supplied
throughout Central and Eastern Europe.

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

end of announcement euro adhoc
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company: 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