Ad-hoc | 19 July 2002 07:12

realTech AG english

REALTECH: Preliminary quarterly figures Q2/2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Preliminary quarterly figures Q2/2002 -Revenues growth: 7% in 2nd quarter and 10% in the first half-year -Increase for Software: 86% in Q2 and 66% in the 1st half-year -Prospects for 2002: further positive operating income expected, set targets for income and revenues will not be reached Walldorf, July 19, 2002. REALTECH AG increased revenues in the Q2 2002 by 7% to EUR 15.2 million (Q2 2001: EUR 14.2 million). Increased efforts in the Software solutions division resulted in revenues growth of 86% to EUR 2.6 million (EUR 1.4 million). In the Technology Consulting division, revenues were 2% below the level of the previous year at EUR 12.6 million (EUR 12.8 million). There were slight increases in the EBITDA which totaled TEUR 1,450 (TEUR 1,426), and also in the operating income (EBIT) TEUR 651 (TEUR 545). Related to sales general administration expenses were reduced to 20%, after 24% in the previous year. Net income declined to TEUR 130 (TEUR 232) owing to tax charges, leading to earnings per share of EUR 0.03 (EUR 0.05). 1st half-year 2002: Revenues increased by 10% to EUR 29.1 million (1st half-year 2001: EUR 26.5 million). Software posted revenues growth of 66% to EUR 3.9 million (EUR 2.4 million) and the Technology Consulting division achieved an increase of 4% to EUR 25.2 million (EUR 24.1 million). EBITDA was TEUR 1,577 (TEUR 1,732). The positive EBIT of TEUR 56 (TEUR 44 ) shows that the losses of Q1 2002 were compensated for as planned. General administration expenses were reduced from 26% of turnover in the previous year to 22%. The net loss for the year amounted to minus TEUR 317 (minus TEUR 289), the earnings per share to minus EUR 0.06 (minus EUR 0.06). Cash flow of TEUR 3,027 thousand was generated after TEUR 2,380 in the same period of the previous year. After 6 months, income is within the corridor set by planning for 2002, although Consulting revenues are lower than planned. The company also predicts a positive operating income for the 2002 financial year. However in the light of the current difficult economic situation – characterized in particular by pricing pressure and low investment propensity – it does not expect to achieve the targets set for income and revenues in the second half of the year. Contact: Volker Hensel, Investor Relations, REALTECH AG, 69190 Walldorf Tel.: +49.6227.837.500, Fax: +49.6227.837.434 end of ad-hoc-announcement (c)DGAP 19.07.2002 ——————————————————————————– WKN: 700890; ISIN: DE0007008906; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 190712 Jul 02