Linz (pta046/29.09.2020/21:00) - S&T AG CONFIRMS GUIDANCE 2020
S&T AG became aware that yesterday a UK based analyst firm has issued a short recommendation on the S&T AG share (ISIN: AT0000A0E9W5, WKN: A0X9EJ, SANT). S&T is currently trying to get the report anddetails behind this recommendation in order to address it. Upon receipt of the report, S&T AG will on short-notice respond to all possibly raised concerns in a detailed manner and clarify them in a transparent way.
In respect to the operational side of the business S&T hereby informs that Q3 2020, which finishes tomorrow, went revenue and profit wise very well, showing organic growth despite the global Covid-19 crises, with Iskratel and CITYCOMP adding additional an-organic growth already in Q3 2020. Therefore S&T is well on track to achieve or exceed the published FY 2020 guidance (Current guidance from 3rd of May 2020: EUR 1,150 Mio. revenues at minimum EUR 115 Mio. EBITDA).
ABOUT S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 6,000 people and that operates in more than 30 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) as part of the Exchange's TecDAX® and SDAX® indexes. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. In 2016, S&T took a stake in Kontron AG - one of the leaders on the world market for embedded computers - which has enhanced its portfolio of proprietary technologies used in the fields of appliances, cloud security, software and smart energy. This move has made S&T one of the leading suppliers on the international markets for Industry 4.0 and IoT (Internet of Things) technologies.
Linz, September 29th 2020(end)