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

	Continuous profitable growth as S&T Group...

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

Posted: April 13, 2021 | By: Wissen Schwamm

Recent RealWire related news.

Speedcast Delivers First Live Deployment for OneWeb’s Maritime LEO Service

Infinigate Group Appoints Simon England as Chief Growth Officer

neXat expands further East with KT SAT partnership

Speedcast Expands Presence in Saudi Arabia

Upgraded RADOX® EV-C with high-voltage Flex cable to ease harness preparation and installation for electric vehicles

+ View more RealWire related news +

			More Technical Information Than You Can Handle.

Continuous profitable growth as S&T Group...