S&T AG

Off to a successful start in 2019

Business news for the stock market

Linz (pta027/11.03.2019/14:30) - Linz, 11.03.2019. S&T AG (www.snt.at) has good news to offer at the beginning of its 2019 financial year. The company was able to convince during the first few weeks of the year three renowned companies of the merits of the solutions offered by its high-margin "IoT Solutions" segments.

Two of the three new projects for customers were secured by the new "IoT Solutions - America" segment. This segment is the successor to the former "Embedded Systems" hardware segment, to which software and services capabilities have been added on a step-by-step basis:

- One of these projects has a value of USD 18 million. It is with one of China's largest airlines, and is in the fast-growing field of avionics. Via its Kontron subsidiary, S&T is to provide the customer with its certified in-flight entertainment solution, which has already been integrated into more than 4,000 commercial aircraft and business jets worldwide.

- The North America team has also concluded two new projects in high-performance computing and networking, for autonomous car development applications. These projects add to the systems portfolio of S&T's subsidiary Kontron. In this demanding field of systems developed, Kontron has provided solutions to car manufacturers, Tier-1 automotive suppliers and ride-hailing service providers in the last two years. More than 700 vehicle systems have been deployed to date. These new projects have the potential to equip 150 additional vehicles, with an initial scope of some USD 5 million.

- Smart grid technologies form part of S&T's "IoT Solutions - Europe" segment. Its intelligent measurement systems are comprised in its portfolio of technologies. Linz AG, which is headquartered in Austria, and which is a renowned supplier of energy, relies upon these systems. At the end of February 2019, S&T AG secured a new project whose scope comes to some EUR 10 million.

In addition to the positive development of incoming orders, S&T is pleased to report that at the beginning of financial year 2019, the Supervisory Board of S&T AG has extended the contract of employment - according to the established intervals - with CEO Hannes Niederhauser (56) until June 30, 2020.

Dr. Erhard F. Grossnigg, Chairman of the Supervisory Board of S&T AG, states: "For many years, Hannes Niederhauser has been highly successfully managing the company and its businesses. Since 2011, S&T has realized an unprecedented story of growth. During this time, the company has been able to more than double its revenues - and to accomplish a rise in profitability outpacing even that. S&T's stock has risen during this period by more than 1000%. While achieving this, the company has transformed itself from a supplier of IT systems into an internationally leading supplier of Industry 4.0 and Internet of Things technologies. We are looking forward to setting forth our working relationship with Hannes Niederhauser - and to facilitating S&T AG's proceeding down its ambitious path of growth."

On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 4,300 persons and that operates in more than 25 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT). S&T forms part of the Exchange's TecDAX and SDAX indexes of high techs. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. S&T took in 2016 a stake in Kontron AG, one of the leaders on the world's market for embedded computers. This transaction has enhanced S&T's 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.

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emitter: S&T AG
address: Industriezeile 35, 4021 Linz
country: Austria
contact person: Alexandra Habekost, Head of Investor Relations
phone: [phone]
e-mail: [e-mail]
website: www.snt.at

ISIN(s): AT0000A0E9W5 (share)
stock exchanges: regulated market in Frankfurt

[ source: http://www.pressetext.com/news/20190311027 ]