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S&T Achieved Turnaround

Published: March 29, 2012; 20:00 · (Vindobona)

The realization of investor participation stabilized the Austrian IT service provider and showed positive effects on liquidity, equity capital and group results.

S&T Achieved Turnaround / Picture: ©

S&T closed the business year 2011 with sales of € 265.9m (2010: € 322.7m). The group net result amounts to € 19.2m (2010: € -48.7m) and includes € 41.8m granted bank waiver. S&T has with € 23.0m a solid equity again (2010: € -13.5m), which makes an equity ratio of 15.6 % (2010: -7.4 %). Cash and cash equivalents are amounted to € 14.1m.

The management…

This article includes a total of 114 words.

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