S&T AG's new guidance for 2020: Sales and EBITDA expected to exceed previous year's level

03.05.2020 | Austria

On the basis of the now available figures for the first quarter of 2020 and after today´s analysis of the preliminary figures of the S&T Group for the month of April and the latest forecasts of the S&T Group members, the Management Board of S&T AG considers it likely that business development for the current financial year will exceed the previous year's level despite the Corona crisis: In 2020, revenues are expected to reach around EUR 1,150 million and profitability around EUR 115 million EBITDA. Both figures are approximately 3% above the 2019 financial year, which means that the S&T Group will continue on its profitable growth path despite the massive distortions in the global economy. Thus, despite the Corona pandemic, an EBITDA margin of 10% should also be achieved for the first time in 2020. The medium-term goals of Agenda 2023 - EUR 2 billion in revenues and EUR 220 million EBITDA in the 2023 financial year - remain unchanged.

The figures for the first quarter of 2020 will be published as planned on May 7, 2020.