PTA-News: S&T AG: CAPITAL MARKET DAY 2021

Tuesday, 12. October 2021 12:00

Business news for the stock market

Linz (pta024/12.10.2021/12:00) - The technology group S&T ( http://www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) held its virtual Capital Market Day 2021 yesterday. The event in Vienna was followed live online by more than 140 participants.

During the first part, Hannes Niederhauser, CEO S&T AG, provided information on current business developments and the short-term effects of the chip crisis. Despite the ongoing increase in orders, the S&T Group currently expects in 2021 revenue of EUR 1,330 to 1,400 million with an EBITDA margin of around 10% as a result of delayed deliveries of up to EUR 110 million. Revenue that can no longer be realised in 2021 will provide a tailwind for fiscal year 2022.

Hannes Niederhauser continued with an outlook for the medium and long-term strategy of the S&T Group. The group plans to focus on high-margin and faster-growing IoT business and is evaluating the separation of the IT Services segment from the IoT Solutions segment ("Project Focus") with the aim of becoming a focused, global IoT player.

The event was rounded off with presentations by S&T technology experts and customers in the IoT sector. Rüdiger Henke, COO Wandelbots, spoke about Wandelbot's innovative programming concept for robots equipped with S&T/Kontron technology. Ondřej Borovský, Head of Telecommunication, Správa zeleznic (Czech Railway Infrastructure Company), talked about the expansion of railway communication systems in the Czech Republic together with Kontron Transportation, a 100% subsidiary of S&T AG.

The S&T Capital Market Day finished off with a Q&A session, which enabled a discussion between investors and analysts. The recording of Capital Market Day will be available in the next few days at https://ir.snt.at/Capital_Market_Day.en.html.

Hannes Niederhauser, CEO of the S&T Group: "In the medium term, we remain fully on track to become a focused IoT technology group, with a larger software share as well as increased margins. That is why "Project Focus" is evaluating focusing on IoT Solutions, the outcome of which will be decided in 2022. Growth opportunities are very high in the IoT market, driven by digitalisation (S&T everywhere) and 5G as a global data network for many new applications."

ABOUT S&T AG
S&T AG ( http://www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is a leading technology group with more than 6,000 employees and subsidiaries in 33 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, software, and services. With its 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, S&T can help customers undertake their digital transformation journeys 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.at

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

[ source: http://www.pressetext.com/news/20211012024 ]

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