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05/03/2020
S&T offers a new forecast for the current year: “Based on figures now available for the first quarter of 2020 and after analyzing preliminary S&T Group figures for April, as well as the latest forecasts from S&T group members, the however, the S&T AG board sees the crown crisis likely to see commercial development above the previous year’s level for the current financial year, “the company said. Specifically: around 1,150 million euros in sales and an EBITDA of around 115 million euros will be reached in 2020. Both values are around 3 percent higher than fiscal year 2019, which means that, contrary to With massive disruptions in the global economy, the S&T Group will continue to grow profitably, the company said. This means that an EBITDA margin of 10% will be achieved for the first time in 2020, despite the crown pandemic.
The original target for 2020, which was issued on January 22 and, therefore, prior to the coronovirus crisis, was sales of at least € 1.25 billion and an EBITDA of € 130 million.
The medium-term objectives of the 2023 Agenda – sales of 2 billion euros with an EBITDA of 220 million in the financial year 2023 – remain unchanged. First quarter 2020 figures will be released on May 7, 2020 as scheduled.
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