S&T AG: Statement short report by Viceroy

The technology group S&T (http://group.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, SANT) has learned that a short report on the company was published today by the Viceroy Research Group. The main reason for the report is not the operating performance of the S&T Group, but alleged compliance violations, some of which occurred more than 10 years ago. There was no contact between Viceroy Research and S&T AG prior to publication.

S&T AG is currently in the process of analyzing the report in detail and will need some time to do so, as some of the allegations concern old events from the time before the current management of S&T AG and have no connection with either the current management or S&T AG itself. In the next few days, we will examine the report and the allegations it contains in detail, both internally and externally, and then come back with a detailed public statement as well as a concrete package of measures.

Hannes Niederhauser, CEO of S&T AG: “We confirm that the operating performance of S&T AG is in line with the current guidance for the financial year 2021. With regard to the regulatory allegations raised, after an initial review I can state that, with the exception of S&T Romania, where there are investigations against several market participants for alleged price fixing in award procedures, no legal proceedings have been initiated against any company of the S&T Group by the competent authorities, as indicated in the report.”

Similar news

Contract wins: Kontron signs 3 major railway contracts worth exceeding EUR 100m

Vienna, February 07, 2024 – Kontron announces contract wins in Ireland, Austria, and Slovenia worth exceeding EUR 100m. With these ...
Explore

Kontron acquires majority stake in Katek SE and expands leading position in the IoT market

59.4% of shares acquired from KATEK’s majority shareholder PRIMEPULSE High-growth areas of photovoltaics and eMobility Smart Charging complement Kontron’s product ...
Explore

Guidance 2024: Kontron expects another sharp increase in net profit to over EUR 87 million in 2024

Net profit for 2024 is expected to grow 21% against forecast of 2023 2023 targets met and surpassed Linz, 15 ...
Explore