S&T Underlines Profitability
The Austrian IT company was able to achieve the turnaround. After losses of € 11.7m, the first quarter of 2012 brought profits of € 1.8m.
S&T Underlines Profitability / Picture: © Vindobona.org
In the first three months of 2012, S&T could record profits again. The equity quota rose from 16% to 18%. Revenues went down from € 66.1m to € 55.8m. S&T explained that loss-making activities were ended. In Eastern Europe, revenues remained stable, S&T said. The number of employees declined from 1,419 to 1,366 persons (full-time equivalents).
In 2012, S&T said…
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