S&T AG: preliminary figures give rise to expectations of a repeat beating of objectives set for profits

20.01.2016 | Austria
  • Consolidated income of EUR 15.0 million planned for year 2015 will be exceeded
  • Increase of dividend to 8 cents planned
  • Sales to rise in 2016, with profits set to grow even faster

S&T AG remains on course for further growth. According to preliminary figures, S&T's revenues from sales in financial year 2015 came to nearly EUR 465 million after EUR 386 million in financial year 2014. This rise was largely due to the excellent business done in the fourth quarter. The planned consolidated income in 2015 had been EUR 15 million. Preliminary figures indicate that this figure was exceeded in 2015.

S&T's strong earnings are causing its management to propose to pay a dividend of 8 cents for the financial year 2015 (2014: 7 cents; 2013: 6 cents).

Sales are forecast to rise to app. 500 million in financial year 2016, with consolidated income set to proportionally increase even further.

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