S&T Aims to Achieve Turnaround in 2012

People ♦ Published: December 14, 2011; 17:50 ♦ (Vindobona)

The Austrian information technology service provider wants to return to the profit zone. In 2012, turnover should reach € 220m at least.

S&T Aims to Achieve Turnaround in 2012 / Picture: © Vindobona.org

In 2012, S&T plans to achieve a net result of € 2.0m. Thus, the IT service provider intends to leave the loss zone. “The company was in serious troubles. Now, we re-start with the new management.”, says S&T´s CEO Hannes Niederhauser.

In its lastest results, S&T reported increasing losses: EBIT declined from € -7.6m to € -13.5m. S&T plans to come back to…

or Log In

Fast News Search
Related News
Ambitious Restructuring Plans for S&T (December 5, 2011)
Quanmax Increases Share Capital (December 1, 2011)
S&T Realizes Capital Increase and Investor Participation (November 24, 2011)
S&T Shareholders Approve Capital Increase (October 25, 2011)
Funding Situation for S&T Secured (October 4, 2011)
Read More
S & T, Restructuring, Hannes Niederhauser, Quanmax, Poland, Romania, Information Technology
Featured
Coronavirus Situation at the Vienna International Centre (VIC): Live-Ticker - Five New Positive COVID-19 Cases, Total of 49 Cases
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter