S&T sees itself as a technology leader in the field of Industry 4.0.
(Photo: obs)
Düsseldorf, Frankfurt The name Viceroy regularly makes German investors sit up and take notice. Whether Wirecard or Adler: The investment company of the British shortseller Fraser Perring was often right with its critical analyzes of companies, even if their tone often overshot the target.
Viceroy released a new report on Thursday. This time in focus: S&T. The technology group from Austria is listed in the TecDax, has more than 6,000 employees and has a turnover of around 1.3 billion euros. Apple supplier Foxconn is by far the largest single shareholder.
Viceroy’s allegations read drastically. S&T is supposed to be a “roll up”, a buying machine that takes over numerous IT companies, especially in Eastern Europe, in a great hurry and with little care. These would not be integrated. S&T also “hides” numerous minority holdings, and does not properly report them to the capital market. The “secret companies” are “morally bankrupt” and “plagued by corporate fraud”.
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