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.

About S&T AG :

S&T AG (ISIN AT0000A0E9W5, WKN A0X9EJ, SANT), formerly Quanmax AG, is listed on the Prime Standard segment of the Frankfurt Stock Exchange. The company has 1,500 employees. They work in offices located in 19 CEE (central and eastern European) countries. S&T is one of the three largest IT systems houses in Eastern Europe, in which it maintains a region-wide network. S&T AG has a broad-ranging portfolio. It features a large number of products containing proprietary technologies. Cloudeeva, Inc. (OTC: SYAI) is planning the submission of a voluntary takeover offer to the shareholders of S&T AG. The currently Due Diligence is expected to be finished within the upcoming days.
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