Ad-hoc | 26 July 2001 07:56

realTech AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– REALTECH: Preliminary Quarterly Figures for Q2/2001 -Highest quarterly sales in the company’s history -EBIT and Cash Flow positive again -General and Admin. Expenses decreased in comparison to sales Walldorf, June 26th, 2001. REALTECH AG has increased its sales in the 2nd quarter of 2001 by 31% to EUR14.2m (compared with EUR10.9m in the 2nd quarter of 2000), thus achieving its highest quarterly sales since the company was founded. Once again, a key role was played by Technology Consulting, where sales rose by 36% to EUR12.7m (EUR9.4m). Sales from Software Licenses and Mainte- nance, at EUR1.4m (EUR1.5m), failed to meet expectations, while Hosting Serv- ices generated sales of EUR 0.2m. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) amounts to TEUR1,426 (TEUR1,711), while the Operating Income (EBIT) amounts to TEUR545 (TEUR957). The figures from the previous year contain the income from selling the company’s interest in IT-GO! GmbH to the amount of TEUR1,292. Without this special effect from 2000, the figures from the previous year are reduced to an EBITDA of TEUR419 and an EBIT of minus TEUR335. The General and Admin. Expenses were reduced from 35% of sales in the previous year to 24%. The Net Income rose by 293% to TEUR232 (TEUR59), corresponding to Earnings Per Share of EUR 0.05 (EUR 0.01). The Cash Flow from Operating Activities amounts to TEUR2,779 compared to minus TEUR886 in the same quarter the previous year. 1st half year 2001: Sales increased by 31% to EUR26.5m (from EUR20.3m in the 1st half year of 2000). The Operating Income before depreciation (EBITDA) amounts to TEUR1,732 (TEUR2,700). The Operating Income (EBIT) of TEUR44 (TEUR1,247) shows that the company has succeeded in compensating the Net Loss from the 1st quarter of 2001 as planned. If we take into account the above special effect, EBITDA for the 1st half year of 2000 is reduced to TEUR1,408 and EBIT to minus TEUR45. The General and Admin. Expenses were reduced from 32% of sales in the previous year to 26%. The Net Income amounts to minus TEUR289 (minus TEUR92), while Earnings Per Share are minus EUR 0.06 (minus EUR 0.02). In the first 6 months of 2001, the company achieved a Cash Flow of TEUR2,380 compared to minus TEUR590 in the same period of the previous year. Contact: Volker Hensel Manager Investor Relations Tel.: +49 6227 837 500 Fax: +49 6227 837 434 end of ad hoc announcement (c) DGAP 26.07.2001 Issuer’s information/explanatory remarks concerning this ad hoc announcement: The complete quarterly report for Q2/2001 will be published on August 8, 2001. ——————————————————————————– WKN: 700890; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 260756 Jul 01