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Latest Key Developments (Source: Significant Developments)

S&T confirms 2017 sales forecast after Q1 results
Friday, 5 May 2017 01:30am EDT 

May 5 (Reuters) - S&T Ag :Says revenues from sales rise to eur 182.8 mio (py: eur 96.4 million).Says ebitda increases to eur 12.2 million (py: eur 6.3 million).Says confirm its forecast of attaining sales of more than eur 860 to 890 million in current financial year.Says ebtida is expected to rise substantially to more than eur 50 million for year as a whole.Says envisioned for financial year 2018 is exceeding of one billion euro mark in sales.  Full Article

Kontron Q1 net result swings to profit of 0.15 million euros
Friday, 5 May 2017 01:00am EDT 

May 5 (Reuters) - Kontron AG ::Q1 net result for period of 150 thousand euros marks a return to profit zone (Q1 16: net loss of 6.5 million euros).Q1 revenues of 92.4 million euros comparable to prior year (Q1 2016: 89.5 million euros).Is forecasting similar revenues and seasonal fluctuations in fiscal year 2017 as in 2016 fiscal year.Merger plans on track.FY gross profit margin is expected to rise to over 25 pct on account of partnerships with ennoconn and s&t.Expects EBIT to be positive in 2017.New restructuring program is expected to produce annual cost savings of over 15 million euros, most of which were already realized in Q1 of 2017.Q1 EBIT improved to 2.2 million euros (Q1 2016: -6.1 million euros).  Full Article

Kontron supervisory board approves conclusion of a merger agreement
Tuesday, 2 May 2017 11:45am EDT 

May 2 (Reuters) - Kontron AG ::Supervisory board of Kontron AG approves conclusion of a merger agreement.S&T AG <<>>, Linz (Austria), has today taken a decision in principle on a non-cash capital increase, excluding subscription rights of existing shareholders.Exact exchange ratio and amount of additional cash‎ compensation are currently being determined, will be resolved subsequently be published timely before annual general meeting of kontron ag on June 19, 2017.  Full Article

Kontron announces details of planned merger
Wednesday, 26 Apr 2017 08:30am EDT 

April 26 (Reuters) - Kontron AG :Announces details of planned merger.That Kontron and S&T Holding Deutschland are in advanced negotiations regarding conclusion of a merger agreement and assume notarisation of such agreement presumably on May 3 .Instructed an external neutral valuation company, which calculated adequate exchange ratio of 1 S&T Holding AG-share for 1 Kontron AG-share, respectively, and an adequate cash compensation Kontron who choose to exchange their Kontron-shares in S&T Deutschland Holding-shares, receive by S&T AG an offer to contribute these shares into S&T AG within scope of a non-cash capital increase.S&T AG, has informed it is currently calculating respective exchange ratio which will be determined in next days and subsequently published.  Full Article

S&T aims for FY sales to reach 1 bln euro mark in 2018
Thursday, 6 Apr 2017 01:17am EDT 

S&T AG : 2016 revenues 503.7 million eur . 2016 EBITDA 34.4 million eur . 2016 net profit 20.4 million eur . To propose dividend hike . Says aims for further significant rise in revenues in 2017 . Says aims for FY 2018 revenues to reach 1 billion eur mark Further company coverage: [SANT1.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Ennoconn unit acquires 27.8 pct stake in S&T AG at 145.2 mln euros
Monday, 21 Nov 2016 04:46am EST 

Ennoconn <6414.TW>: Says its subsidiary Ennoconn Investment Holdings Co., Ltd. acquired 27.8 percent stake (13.4 million shares) in S&T AG at 145.2 million euros in total .Says Ennoconn Investment Holdings holds 27.8 percent stake in S&T AG now.  Full Article

S&T to acquire a stake of up to 29.9 pct in Kontron
Wednesday, 12 Oct 2016 06:00am EDT 

S&T AG : In advanced negotiations with Foxconn subsidiary Ennoconn about investment in S&T AG . Negotiations with Ennoconn corporation regarding an investment of Ennoconn corporation in S&T AG in the course of a 10 percent cash capital increase . Capital would thus rise from 43,916,204 euros to 48,299,824 euros ($54.10 million) . S&T AG intends to use the cash inflow from the cash capital increase to acquire a stake of up to 29.9 percent in Kontron AG, Augsburg .Management board of S&T AG announced that it is in advanced negotiations with Kontron AG shareholders to acquire a total of up to 29.9 percent of Kontron AG shares.  Full Article

S&T H1 EBITDA up 21 percent to 13.1 million euros
Wednesday, 3 Aug 2016 01:30am EDT 

S&T AG : Increase its sales in first half of 2016 to 196.4 million euros ($220.13 million), up from first half of 2015's 188.2 million euros . H1 EBITDA up 21 percent to 13.1 million euros (PY: 10.8 million euros) . Order backlog grew strongly in first six months of 2016, coming to 198.6 million euros as of June 30, 2016 (January 1, 2016: 181.0 million euros) . Maintaining its forecast that sales will reach 500 million euros . Further acceleration of growth and an increase in sales of more than 15 percent in 2017 seems realistic . Management expects financial year 2016 to see a successful setting forth of course of expansion group has launched .Rise in profits is set to exceed that of sales.  Full Article

S&T AG confirms FY 2016 outlook
Wednesday, 4 May 2016 12:55am EDT 

S&T AG:Confirmed its previous forecast: that group will achieve sales of more than 500 million euros in 2016.FY 2016 sales estimate 505.2 million euros - Thomson Reuters I/B/E/S.  Full Article

S&T comments on FY 2016 revenue outlook
Wednesday, 30 Mar 2016 01:30am EDT 

S&T AG:Sees revenues from sales in FY 2016 of more than 500 million euros, with consolidated income set to out-rise that.FY 2016 revenue estimate 502.83 million euros - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-S&T confirms 2017 sales forecast after Q1 results

* Says revenues from sales rise to eur 182.8 mio (py: eur 96.4 million)