28.07.2009 | Bosnia-Herzegovina
S&T results in Q2 2009.
As expected, S&T’s results continued to improve in Q2 2009 compared to Q1, despite significant restructuring costs. The decrease in sales in the Business Solutions and Enterprise Systems divisions is a reflection of the overall trend in the IT market. With an EBIT in Q2 2009 of -0.39 million EUR (2008: 1.5 million EUR) and an EBITDA of 1.0 million EUR (2008: 3.2 million EUR) S&T was not able to entirely avoid the consequences of the economic crisis. However, when allowing for restructuring costs of more than 0.8 million EUR, S&T has delivered a positive operating EBIT of +0.4 million EUR. S&T expects to see incoming orders stabilize and results improve in Q3 and Q4 2009.
