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.”

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