S&T AG to provide first time dividend payment in 2014

20.01.2014 | Austria

Management plans to rise turnover by 10 percent to 375 million EUR in 2014

S&T AG (www.snt.at) for the first time intends to pay a dividend to shareholders for the previous fiscal year in May 2014. Management Board and Supervisory Board will propose to pay a dividend of 6 Cents per share to the Annual General Meeting. The dividend payment will be tax-free for shareholders.

"S&T AG has successfully developed in recent years and we expect this trend to continue in 2014. We want our shareholders to benefit directly!", says CEO Hannes Niederhauser .

Faster growth is expected for the financial year 2014 after consolidation in 2012 and 2013. Revenues of 375 million euros and a consolidated income of 12 million EUR are firmly targeted.

For the fiscal year 2013, the management expects revenues of about 340 million EUR, which will lead to a consolidated income of 11 to 12 million EUR. The final financial results will be published on March 25th 2014.