The S&T Group was particularly impacted by the economic downswing in the 2009 financial year due to its industry focus on the automotive sector and manufacturing industry, as well as its strong geographical presence in the CEE region. As a result, total sales were down 18% to EUR 411 million in 2009 and EBIT was not satisfactory at EUR -3.4 million, compared to EUR 11.6 million in 2008. The Group has gone on the offensive in the new 2010 financial year, based on comprehensive cost-reduction measures, new appointments to its sales and management teams and the reorganization of its business units, particularly in German speaking Europe.
