The technology group S&T AG (www.snt.ag) plans to continue growing during the financial year 2021 and has once again announced ambitious targets for the current year. Sales are expected to increase by more than 15% to at least EUR 1,400 million and profitability is expected to generate income of at least EUR 140 million EBITDA. Earnings per share (EPS) are expected to increase to around €1 in 2021. Due to solid order development, the company also confirms their Agenda 2023 targets of EUR 2,000 million in revenue and EUR 220 million EBITDA in profitability at an EPS of EUR 1.75.
In terms of the annual targets for 2021, S&T AG is building on the successfully concluded financial year 2020. The company's preliminary figures indicate that the communicated annual targets of at least EUR 122 million EBITDA on around EUR 1,200 million revenue will be exceeded. Having performed well also in Q4 2020, both in terms of income and cash flow, the company again plans to propose a corresponding dividend for resolution at the annual general meeting in June 2021.
The high-margin business segment "IoT Solutions Europe" will remain the profitability driver in 2021, while further improvement is also expected in 2021 from IoT business in North America with the business unit "IoT Solutions America". The successful PEC programme will continue to be implemented during financial year 2021 to contribute to increasing profitability and effectiveness as well as transparency.
Hannes Niederhauser, CEO S&T AG: "Our business performed very well during the past Corona year, so we will actually slightly exceed the figures announced in our 2020 guidance. I am optimistic about the next few years and expect the profitable growth of recent years to continue based on our well-filled order books."
The S&T AG annual report 2020 will be published on 25 March, 2021.