S&T plans to achieve in 2018 a rise in profits of some 30 % - to EUR 80 million
S&T AG (www.snt.at) continues to grow strongly. The company plans to achieve in financial year 2018 a 15 % rise in sales, which will rise to nearly EUR 1 billion. Its profitability (EBITDA) is forecasted to exceed that steep increase, with EBITDA set to jump in 2018 by 30 % to some EUR 80 million. Drivers of the rises in sales and of the even greater one of EBITDA are to be the – highly-gratifying – development of the high-margin IoT Solutions business segment, and the further rise registered in the orders backlog.
The preliminary figures for financial year 2017 confirm the company’s having achieved the objectives that it had set for itself. Sales in 2017 came to some EUR 860 million. EBITDA is expected to have exceeded EUR 60 million. This, in turn, means that S&T AG beat the last update of the forecast for such. On November 9, 2017, S&T AG had increased its forecast for EBITDA for the financial year as whole from “more than EUR 50 million” to “EUR 60 million”.
S&T AG will publish its annual report for financial year 2017 on March 29, 2018.