03.10.2008 | Austria
S&T wins “Emerging Markets Award 2008”
Award for S&T’s Commitment in Eastern Europe
The “Emerging Markets Award“ annually honors medium sized businesses that demonstrate successful commitment in Central and Eastern Europe and thus provide exemplary evidence for the fact that a bold approach in the Central and Eastern European markets, coupled with rapid and decisive action, drives forward the economic and social development of these regions. For businesses that are successfully active in Central and Eastern Europe as well as in the former states of the Soviet Union, the “Emerging Markets Award” is one of the most important prizes for medium-sized enterprises and is a mark of significant acclaim from the leading banking group in CEE.
European Success StoryIn contrast to the majority of Western European companies active in Eastern Europe, the S&T Group actually initiated its successful business in Eastern Europe. The company has admittedly always been headquartered in Vienna and is also listed on the Vienna Stock Exchange, but the first subsidiaries were established by the IT consultant and solutions provider in Slovakia and Bulgaria in order to exploit in situ the opportunities offered by the booming IT markets. Over the course of the following 15 years the company has expanded its geographical focus to 22 countries, the majority of which are in Eastern Europe. Today S&T provides IT consulting, solutions and services in most Eastern European countries, in all German speaking countries, and also in China and Japan. The company ranks among the leading businesses in its sector. S&T currently employs approximately 80% of its 3,100 staff in Eastern Europe and 70% of group sales (total sales in 2007: 522.2 million euros) are accounted for by the still strongly growing Central and Eastern European markets.