9.11.2017 | Austria
S&T AG increases forecast of EBITDA for 2017
S&T AG increases forecast of EBITDA for 2017 to EUR 60 millionLinz, 09.11.2017. The strong development of operative business done by the Group during the first nine months of 2017 is joining with the recently-completed finalization of the forecast for the fourth quarter of the financial year in causing the Executive Board of S&T AG (www.snt.at) to increase its forecast for EBITDA for financial year 2017 as a whole from more than EUR 50 million to EUR 60 million. This is greater than the current estimates formulated by the analysts and investment companies that track and evaluate S&T AG.
S&T AG will submit the final figures for the third quarter of 2017 on November 10, 2017.
On S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 3,800 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) and forms part of the Exchange's TecDAX index 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's taking in 2016 of a stake in Kontron AG – one of the leaders on the world's market for embedded computers – 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.