Ad-hoc | 22 October 2003 07:49

realTech AG english

REALTECH: Preliminary 9-month figures for 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– REALTECH: Preliminary 9-month figures for 2003 -Revenues down 5% -Software up 2% -Consulting down 5% -Improvement in net liquidity, cash flow further positive Walldorf, October 22, 2003. REALTECH AG’s revenues fell in the first 9 months of 2003 by 5% to EUR 41.1m (compared with EUR 43.1m in the first 9 months of 2002). Software revenues increased slightly to EUR 6.2m (EUR 6.1m), while consulting revenues fell by 5% to EUR 35.0m (EUR 37.0m). EBITDA (earnings before interest, taxes, depreciation, and amortization) reached EUR 2.8m (EUR 3.3m), while the operating income (EBIT) reached EUR 0.6m (EUR 0.9m). When comparing these figures, you should bear in mind that – seeing as the software theGuard! developed in house had become ready for marketing – REALTECH has not capitalized any further development expenditure in accordance with US GAAP since the fourth quarter of 2002. Compared to previous year, this has resulted in EBIT falling by EUR 0.7m so far in 2003. As a result of depreciation of interests in Grau Data Storage AG to the amount of EUR 0.7m in 2nd quarter of 2003, consolidated net income dropped to minus EUR 0.9m (minus EUR 0.1m), corresponding to earnings per share of minus EUR 0.17 EUR (minus EUR 0.02). At the end of September 2003, net cash and cash equivalents were EUR 19.4m, 17% higher compared with EUR 16.6m at the end of 2002.The company has achieved a cash flow of EUR 3.8m (EUR 4.2m). 3rd quarter of 2003: Revenues fell slightly to EUR 13.5m (from EUR 13.9m in the third quarter of 2002). Software revenues are fairly similar to the previ-ous year`s level of EUR 2.1m while consulting revenues fell slightly by 4% to EUR 11.3m (EUR 11.8m) Decreases were recorded in terms of EBITDA – from EUR 1.7m to EUR 1.0m – and EBIT – from EUR 0.8m to EUR 0.3m. If the company had continued to capitalize development expenditure as in the previous year, income from operations would have been EUR 0.2m higher. The consolidated net income dropped to EUR 0.1m (EUR 0.2m), corresponding to earnings per share of EUR 0.02 (EUR 0.04). Against ist previous forecast REALTECH expects to achieve a corporate revenue for fiscal year 2003 fairly similar to the previous year`s level. REALTECH will be publishing its quarterly report for Q3/2003 on November 6th, 2003. Contact: Volker Hensel, Investor Relations, REALTECH AG, 69190 Wall- dorf/Germany. Tel.: +49.6227.837.500 Fax: +49.6227.837.9134 end of ad-hoc-announcement (c)DGAP 22.10.2003 ——————————————————————————– WKN: 700890; ISIN: DE0007008906; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 220749 Okt 03