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S&T: Half-Year Figures 2006 - Record Result for S&T

Revenues and EBIT hit new highs

Record Revenues

In the first six months of the year S&T generated revenues of EUR 205.8 million, an increase of 45.7% on the same period in the previous year (2005: EUR 141.2 million). Compared to Q2 2005, revenues rose 27.7% from EUR 82 million to EUR 104.7 million.

In the high-margin Business Solutions segment, revenues in the first six months leapt by 69.5%, from EUR 26.8 million to EUR 45.4 million. In Q2 they grew from EUR 15 million to EUR 25.4 million.

Record Result

Profits from operations (EBIT) improved 142.8% from EUR 2.5 million in the first six months of 2005 to EUR 6.1 million in the first half of 2006. EBITDA rose by 75% from EUR 5.1 million to EUR 8.9 million compared to the first half of 2005.

"If one remembers that in 2002 revenues in the Business Solutions segment totalled EUR 17.2 million for the entire year, and that the same segment now generates half-year revenues of EUR 45.4 million, it becomes evident that S&T's strategy of focussing on services and software solutions is paying off. We are well on the way to becoming a European key player in the IT market", says Christian Rosner, CEO of S&T AG.

Outlook

In order continue its profitable growth course, S&T will in future focus on its core industries: financial services providers, power utilities, manufacturing and telecommunications.
The recently-opened nearshoring centre in Romania will also enable S&T to expand its portfolio of software solutions. Geographical proximity to the customer and a familiar European partner offer a significant competitive advantage versus offshoring in Asia.

"Further acquisitions in the areas of Business Solutions and Managed Services are assured by a financing reserve of some EUR 50 million. Achieving further growth throughout the dynamic IT market in Central and Eastern Europe and expanding S&T’s leading position there remains the prime goal" says Christian Rosner, CEO of S&T AG.

Conference Call

S&T management will be available for a conference call on July 27th, 2006, at 16:00 CET. In order to participate, please call 0049 (0)69 2222 7111 from Germany, 0043 (0)1 7957 6055 for Austrian participants and 0044 (0)20 7784 1004 for participants from the UK a few minutes before the start of the conference.

As an additional service, a recording of the conference call will be available from August 3, 2006, on the S&T homepage: http://www.snt.at