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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime

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S&T AG acquires stake in Affair OOO and gives FY 2015 forecast above analyst's estimates

Friday, 6 Jun 2014 06:46am EDT 

S&T AG:Says it substantially expands appliances segment and smart energy portfolio.Acquires a stake in Affair OOO.Says price for the acquisition of this 48pct stake in Affair OOO came to 5.87 million euros.Says consolidated revenues set to rise in FY 2015 to 440 million euros.FY 2015 revenue estimate 371.70 million euros - Thomson Reuters I/B/E/S.