09.11.2018, 882 Zeichen

S&T: Austrian technology company S&T AG increased its revenues and profitability. Revenues rose in the first nine months of 2018 by some 12% to Euro 660.0 mn in 2018. The growth in revenues and the implementation of further optimization measures caused the nine months' EBITDA to rise from Euro 43.0 mn in 2017 to 57.2 mn. Driver of the increase remains the "IoT Solutions" segment with its high-margin products. Hannes Niederhauser, CEO of S&T AG sums up the company's results: "For the financial year 2018 we are now going for the final spurt in the fourth quarter. We already know - and this is very gratifying - that we will beat the forecast that we had made for EBITDA in 2018 of at least Euro 80 mn. We will in fact achieve an EBITDA of at least Euro 88 mn".
S&T: weekly performance: 2.49%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/11/2018)

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