S&T AG announces guidance for 2022

• For financial year 2022 we expect revenue of around EUR 1.5 billion with an EBITDA margin of 10 per cent
• Successful start of the year with two major new contracts with a total volume of EUR 170 million
• Financial year 2021 expected to be in line with guidance
  

The technology group S&T AG (http://www.snt.at, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) is planning significant growth for the financial year 2022. Based on the high order backlog, double-digit organic growth to EUR 1.5 billion with an EBITDA margin of 10 percent is expected. This guidance does not include any effects from a potential sale of the “IT Services” business, which is currently being evaluated within project “Focus”.

The company's preliminary December figures indicate the fulfilment of the current annual forecast 2021, which envisages sales of at least EUR 1,330 million with an EBITDA margin of approximately 10 percent. Q4 2021 was successfully closed with strong earnings and cash flow.

The "Smart Trains" segment, which won new major orders in the area of train radio solutions with a total volume of around EUR 170 million in January 2022, is the main contributor to a successful start to the current financial year.

Hannes Niederhauser, CEO of S&T AG, said: "We are convinced that the financial year 2022 will be a good year for S&T. Order books are fuller than ever and the effects of the chip crisis are increasingly under control. We therefore expect organic growth of more than 10 per cent and revenues of around EUR 1.5 billion. I am particularly pleased with the development of new business, for example, with the new major order from Deutsche Bahn Netz AG for the modernization of the train radio network. In this case we combined various synergetic solutions of the S&T Group - from Kontron's carrier-grade servers to Iskratel Group's virtual network solution and Kontron Transportation's MCx (Mission Critical Services) application - to win one of the largest orders in the company's history."