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S&T Achieved Turnaround
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: © Vindobona.org
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…
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