PTA-News: S&T AG: FOCUSES ON COMMUNICATION AND FURTHER INCREASES TRANSPARENCY

Monday, 26. April 2021 07:00

Business news for the stock market

Linz (pta006/26.04.2021/07:00) - Linz, 26 April 2021 - For S&T AG (ISIN: AT0000A0E9W5, WKN: A0X9EJ, stock exchange symbol: SANT) communication and direct contact with investors is very important. Following the earnings call on the annual report 2020 on March 25, 2021, the company has virtually held a roadshow organised by Commerzbank and participated in three conferences during the past four weeks, the Jefferies Pan-European Mid-Cap Virtual Conference, the Kepler Austrian Equity Days and the Pareto TechITService Conferenze Board members Hannes Niederhauser and Richard Neuwirth held around 50 meetings during those events with investors and analysts.

In addition to the positive business development of financial year 2020, the TTS program launched at the beginning of the year was a topic of discussion. The measures presented to strengthen trust (Trust), increase transparency (Transparency) and intensify shareholder focus (Share) were rated very positively by investors. S&T is using the suggestions from the discussions to make further improvements. For example, in response to a question about the cash reconciliation, an expert opinion was immediately obtained from KPMG as an independent auditor. As of Q1 2021, the order backlog and project pipeline will be reported according to the individual segments and the earnings calls will be published on the Investor Relations website each quarter. In addition, the content of the S&T Group website (www.snt.ag), which has been launched in January 2021, will be successively expanded.

Richard Neuwirth, CFO of S&T AG: "Improving our investor communication, among other things by providing additional information, is an important concern for us. We also want to openly counter any doubts about the accuracy of S&T AG's figures. Therefore, following the question raised in the last earnings call, we mandated KPMG as independent auditor to review S&T's cashflow presentation and the reconciliation of net debt. KPMG has clearly confirmed the correctness and we assume that we have eliminated any last doubts. For 2021, in addition to the further optimization of the associated company structure - another 7 intra-group mergers of subsidiaries are planned in the coming months - the focus is on our ESG step-by-step plan 2023, with which we will also significantly improve our external ESG rating."

S&T will be virtually present at the Equityforum Spring Conference and will participate in roadshows organized by Hauck & Aufhäuser and Warburg in May 2021. The earnings call for the Q1 2021 announcement will take place on May 6, 2021.

Hannes Niederhauser, CEO of S&T AG: "Every investor should have the same information about S&T as I do. Of course, this is not possible in every area and at every point in time, but through transparent reporting, regular external communication and direct investor contact, we have already achieved a very high level, which we want to improve even further. A lot has happened at S&T in recent years and the transformation of our company continues to progress with the growth in the IoT area. The feedback from our customers and investors is an important guide for us on this path and accompanies us in achieving our medium-term goals within the framework of "Agenda 2023" as well as in implementing our long-term "Vision 2030"."

ABOUT S&T AG
S&T AG (www.snt.ag, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) heads a technology group that employs some 6,000 people with subsidiaries in more than 30 countries around the world. The company is listed on the TecDAX® and SDAX® of the German Stock Exchange and is one of the leading providers of IoT (Internet of things) technologies. In these sectors S&T focuses on the development of secure and networked solutions with a combined portfolio of hardware, middleware and services. S&T's own technologies in the fields of smart factory, railway communication systems, medical technology, communication solutions and smart energy, as well as a broad portfolio of IT services, make S&T an in-demand partner for customers in a wide range of industries.

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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.ag

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

[ source: http://www.pressetext.com/news/20210426006 ]

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