PTA-News: S&T AG: S&T AG CONFIRMS GUIDANCE 2020

Tuesday, 29. September 2020 21:00

Business news for the stock market

Linz (pta046/29.09.2020/21:00) - S&T AG CONFIRMS GUIDANCE 2020

S&T AG became aware that yesterday a UK based analyst firm has issued a short recommendation on the S&T AG share (ISIN: AT0000A0E9W5, WKN: A0X9EJ, SANT). S&T is currently trying to get the report anddetails behind this recommendation in order to address it. Upon receipt of the report, S&T AG will on short-notice respond to all possibly raised concerns in a detailed manner and clarify them in a transparent way.

In respect to the operational side of the business S&T hereby informs that Q3 2020, which finishes tomorrow, went revenue and profit wise very well, showing organic growth despite the global Covid-19 crises, with Iskratel and CITYCOMP adding additional an-organic growth already in Q3 2020. Therefore S&T is well on track to achieve or exceed the published FY 2020 guidance (Current guidance from 3rd of May 2020: EUR 1,150 Mio. revenues at minimum EUR 115 Mio. EBITDA).

ABOUT S&T AG
S&T AG (www.snt.at) heads a technology group that employs some 6,000 people and that operates in more than 30 countries around the world. S&T AG is listed on the Frankfurt Stock Exchange (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) as part of the Exchange's TecDAX® and SDAX® indexes. S&T is a leading supplier in Central and Eastern Europe of IT systems and of the services and solutions comprised in them. In 2016, S&T took a stake in Kontron AG - one of the leaders on the world market for embedded computers - which 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.

Linz, September 29th 2020

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emitter: S&T AG
address: Industriezeile 35, 4021 Linz
country: Austria
contact person: Nicole Nagy, Investor Relations
phone: +43 (1) 801911196
e-mail: nicole.nagy@snt.at
website: www.snt.at

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

[ source: http://www.pressetext.com/news/20200929046 ]

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