S&T's Q1 EBIT decreases to 1.6 mln eur vs 3.1 mln eur in Q1 2006 |
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Published
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Thu, 26 Apr 2007 10:12
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VIENNA (Thomson Financial) - Austrian IT service provider S&T System Integration & Technology Distribution AG said its EBIT for the first quarter 2006 decreased to 1.6 mln eur from 3.1 mln in the same quarter 2006.The company's business in the first quarter was affected by a partial restraint of customers due to expiration of EU subsidy programmes, and by political events, for example in Hungary, S&T said.Furthermore the integration of companies acquired in 2006 required investments which should be concluded in the first quarter, the company said.EBITDA in the first quarter was at 3.2 mln eur, sales increased by 3 pct year-on-year to 104.4 mln eur from 101.1 mln eur in the first quarter 2006, S&T said.andreas.vogler@thomson.comav/bsdCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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