S&T AG confirms guidance 2020

29.09.2020 | Austria

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).