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…

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