04.13.2021 - Continuous profitable growth as S&T Group continues its IoT mission

The leading technology and IoT provider in Europe is helping customers undertake their digital transformation journeys Austria, 13th April 2021 - S&T Group continues to rapidly expand its market position as a technology leader with industry-leading technologies and a growth strategy focused on smart Internet of Things (IoT) solutions. The company is pursuing ambitious financial goals including a target revenue of minimum EUR 1.40 billion for 2021 and EUR 2 billion in revenues with an EBITDA of EUR 220 million by 2023. The numbers for 2020 prove that S&T is heading in the right growth direction as it has achieved a revenue growth of 12% totaling more than EUR 1.25 billion, including 50% organic growth in 2020. The company also secured an EBITDA increase of 16% to EUR 130 million for the previous financial year as it continues its transformation to an IoT specialist with its technology forming the foundations of its place in the ever-growing Industrial IoT (IIoT) sector. Source: RealWire - View Press Release