Ad-hoc | 24 April 2003 07:00

realTech AG english

REALTECH AG: Provisional quarterly figures for Q1/2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– REALTECH AG: Provisional quarterly figures for Q1/2003 ·Group sales of EUR 13.4m million – down 4% ·46% increase in software sales ·Consulting sales down 9% ·Boost in profitability, cash flow, and net cash and cash equivalents Walldorf, April 24, 2002. REALTECH AG recorded sales of EUR 13.4m in the first quarter of 2003, 4% less than in the previous year (first quarter of 2002: EUR 14.0m). Software sales increased by 46% to EUR 2.0m (compared to EUR 1.4m in the first quarter of 2002). Sales in the technology consulting segment dropped by 9% to EUR 11.4m (from EUR 12.6m). EBITDA (earnings before interest, taxes, depreciation, and amortization) rose to EUR 0.6m (EUR 0.1m), representing a 0.9% increase in the margin to 4.6%. EBIT (earnings before interest and tax) improved to minus EUR 0.2m (minus EUR 0.6m), meaning that the EBIT margin improved from minus 4.2% to minus 1.2%. When comparing these figures, you should bear in mind that – seeing as the software solutions developed in house had become ready for marketing – REALTECH has not capitalized any further expenditure for research and development in accordance with US GAAP since the fourth quarter of 2002. Compared to the same quarter in the previous year, this has resulted in EBIT falling by approximately EUR 0.3m in the first quarter of 2003. The net income amounts to minus EUR 0.4m (minus EUR 0.5m), giving rise to earnings per share of minus EUR 0.08 (minus EUR 0.09). In the first three months of 2003, the company`s cash flow from operating activities was EUR 2,9m (EUR 2.7m). At the end of March 2003, net cash and cash equivalents were EUR 19.0m, compared to EUR 16.6m at the end of 2002 and EUR 17.7m at the end of March the previous year. REALTECH`s report on the first quarter of 2003 is scheduled to be published on May 8, 2003. Contact person: 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 24.04.2003 ——————————————————————————– WKN: 700890; ISIN: DE0007008906; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 240700 Apr 03