EANS-News

S&T AG registers strong growth in the third quarter of 2014 - record amount of orders on hand promises further rise in 2015

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9-month report

* Consolidated income for the first three quarters of 2014 increases
to EUR 7.4 million (2013: EUR 6.2 million) * Sales climb to EUR
253.6 million (2013: EUR 238.3 million) * Highly-profitable
Appliances technologies segment grows by 66%

S&T AG (www.snt.at) accelerated its growth during the first nine
months of the 2014 financial year. Its revenues for the third quarter
came to EUR 88.8 million (2013: 80.7 million). Its revenues for the
first nine months amounted to EUR 253.6 million (2013: EUR 238.3
million).

The positive ramifications of cost-cutting measures and improvements
rendered in processes increasingly manifested themselves in the
results achieved. The EBITDA in the third quarter came to EUR 5.2
million (2013: EUR 4.4 million); for the nine months, to EUR 15.1
million (2013: EUR 12.5 million). Consolidated income in the third
quarter amounted to EUR 2.4 million (2013: 2.1 million). The total
for the three quarters was EUR 7.4 million (2013: EUR 6.2 million).
The achievements caused the key indicators of earnings to rise by 20%
on a y-on- y basis. The earnings per share for the nine months came
to 17 cents, as opposed to 15 cents in the previous period of
comparison.

Driver of growth was once more the Appliances segment. Its sales for
the first nine months rose by EUR 18.2 million to EUR 45.7 million
(2013: EUR 27.5 million). This partially ensued from the acquisitions
made in 2014 of companies operating in the smart energy sector. The
Services Eastern Europe segment registered convincingly steady
growth. Its sales rose by EUR 3.1 million to EUR 144.4 million (2013:
EUR 141.3 million). The positive development of both segments more
than offset the drop in sales registered by the Services in Germany,
Austria and Switzerland (formerly Products) segment. This drop was a
product of corporate strategy, and was induced to yield rises in
average margins. The sales achieved by the latter segment amounted to
EUR 63.6 million (2013: EUR 69.4 million).

The gross margin has developed gratifyingly well in financial year
2014, increasing from 32.5% to 33.5%. This rise is attributable to
two effects. One of them is the strong, 66% rise in sales achieved in