Substantial Financing Needs for S&T Again

CompaniesTechnology ♦ Published: April 12, 2011; 07:23 ♦ (Vindobona)

The Austrian software company still suffers financial turmoil. New funds for € 3.5m are urgently required.

Substantial Financing Needs for S&T Again / Picture: ©

To fund ongoing operations until year-end S&T will need further € 3.5m in loans. The group is already in debt for € 90m, including € 55m of bonds. Just recently, S&T was granted funds for € 6m. The fresh funds will be required to obtain a positive continuation prognosis. Otherwise, the balance sheet of 2010 cannot be fully confirmed.

Currently, the foreign…

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