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S&T AG (SANT1.F)

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Latest Key Developments (Source: Significant Developments)

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

S&T comments on FY 2016 forecast, plans increased dividend
Wednesday, 20 Jan 2016 01:00am EST 

S&T AG:‍Sales are forecast to rise to about 500 million euros in financial year 2016, with consolidated income set to proportionally increase even further.‍Increase of dividend to 0.08 euros planned for the fiscal year 2015​.  Full Article

S&T plans to acquire 100 pct in Networked Energy Services GmbH
Tuesday, 1 Dec 2015 05:03pm EST 

S&T AG:Pplans to acquire 100 pct of the equity in the Europe-based Networked Energy Services GmbH, which is a subsidiary of Networked Energy Services Corp.S&T's 56 pct stake in the California-based Networked Energy Services Corp. would be transferred.Negotiations have been already started.To concentrate on serving its core markets of Eastern Europe and the German-speaking region.  Full Article

S&T AG confirms FY 2015 and FY 2016 outlook
Wednesday, 4 Nov 2015 01:01am EST 

S&T AG:Maintains its forecast for 2015 as a whole of group's achieving strong, 20 pct growth in sales and consolidated income of 15 million euros.Says planned for 2016 are double-digit sales growth and profits rising even faster than that.  Full Article

S&T concludes deal in Poland in IT services segment
Wednesday, 19 Aug 2015 02:57am EDT 

S&T AG:Was awarded today by Poland's government a 22.5 million euros project.Project is in IT services segment.  Full Article

S&T comments on FY 2015 and FY 2016 outlook
Wednesday, 5 Aug 2015 01:41am EDT 

S&T AG:Sees FY 2015 strong 20 pct rise in sales, which will come to 465 million euros.Also forecast for financial year 2015 is a consolidated income of 15 million euros.Planned for FY 2016 are double-digit sales growth and profits outpacing that rise.FY 2015 revenue estimate 468.50 million euros - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-S&T plans to merge Kontron with its wholly-owned subsidiary

* Plans to merge Kontron AG with its wholly-owned subsidiary as well as a non-cash capital increase Source text for Eikon: Further company coverage: (Gdynia Newsroom)