S&T Serbia d.o.o

S&T AG's focus on the IoT and Industry 4.0 sector in financial year 2017 impacted positively upon its business prospects: As of December 31, 2017, the order backlog was up 55%, coming to EUR 474.2 million (PY: EUR 305.7 million). "We are confirming our plans to increase our sales to some EUR 1 billion in financial year 2018," adds Hannes Niederhauser. "And we are planning on achieving an even sharper rise in profits, with EBITDA set to come to EUR 80 million. We do not foresee our growth cooling off over the long-term and plan on doubling our sales to EUR 2 billion during the next five years - and thus by 2023!"