EANS-News

S&T AG: exceeding targets for 2014

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annual report

* Revenues from sales reached EUR 385.5 million (PY: EUR 337.9
million) * Consolidated income showed a strong y-on-y rise to EUR
14.0 million (PY: EUR 11.9 million) * Operating cash flow nearly
doubled to EUR 20.6 million (PY: EUR 11.1 million) * Proposal to
increase dividend to 7 cents * High backlog of EUR 157 million (PY:
97 million) sets course for strong growth in 2015

Linz, 01.04.2015. S&T AG (www.snt.at) is setting forth its course of
growth. Powered by a strong fourth quarter, S&T's revenues from sales
rose more than 14% in financial year 2014, going from EUR 337.9
million (2013) to EUR 385.5 million (2014). S&T thus exceeded the
target of EUR 375 million set for the year.

The "Services EE" segment achieved sales of EUR 217.2 million (PY:
EUR 199.7 million). In addition to this, it was once more S&T's
"technologies segments" that drove corporate growth. The two
Appliances segments registered sales of EUR 78.8 million (PY: EUR
41.6 million), of which EUR 28.8 million stemmed from the
newly-created "Appliances Smart Energy" one. In 2014, the Services
"Germany, Austria and Switzerland" segment (in 2013: "Products")
scaled down its low margin business. Its sales accordingly declined
as planned to EUR 89.6 million (PY: EUR 96.7 million), with its gross
margin increasing from 19.3% (2013) to 22.3% (2014).

Making this growth even more gratifying is the fact that the
company's indicators of earnings developed so positively,
notwithstanding the expansion of scope of business and the losses
ensuing from the starting up of the "smart energy" sector. Gross
margin rose slightly to 33.0% (PY: 32.9%). Costs did not rise as fast
as sales. This, in turn, caused EBITDA to increase to EUR 22.9
million (PY: EUR 20.1 million). Consolidated income increased 17% to
EUR 14.0 million (PY: EUR 11.9 million). Earnings per share rose to
32 cent (PY: 30 cent). Upon being adjusted for amortization-caused
expenditures, the earnings per share come to 37 cent (PY: 36 cent).

Cash flow from operations came to EUR 20.6 million (PY: EUR 11.1
million). The inflows of liquidity enabled the financing of the