Ad-hoc | 12 February 2004 07:00

REALTECH AG: Provisional consolidated annual figures for 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Provisional consolidated annual figures for 2003 -Revenue down 3% to EUR 55m -Software solutions approximately the same as last year -Consulting down slightly -Boost in cash flow and net cash Walldorf, February 12, 2004. According to provisional figures, REALTECH AG`s revenue in fiscal year 2003 amounted to EUR 55.3m, that is 3% below the level of the previous year (2002: EUR 57.0m). In terms of software solutions, the company managed to keep its revenue – at EUR 8.5m – around the same as the year before (EUR 8.6m), with license revenues clearly failing to meet expectations in the 4th quarter in particular. The revenue of EUR 46.8m in the consulting segment shows a slight decrease (EUR 48.4m). Earnings before interest, taxes, and depreciation (EBITDA) reached EUR 4.3m (EUR 4.9m), while the operating income (EBIT) amounted to EUR 1.4m (EUR 1.9m). When comparing these figures, you should note that – seeing as the theGuard! software developed in house had become ready for marketing – REALTECH has not capitalized any further development expenses in accordance with US GAAP since the 4th quarter of 2002. Compared to the previous year, this results in a EUR 0.6m drop in earnings for 2003. Consolidated net income amounts to minus EUR 0.3m (EUR 0.3m), while earn-ings per share are minus EUR 0.06 (EUR 0.06). If we take into account that this figure has been affected by the one-off effect of the EUR 0.7m write-down of the company`s interest in Grau Data Storage AG, the figure is – despite an absence of license revenues – pretty much the same as the previous year. In 2003, REALTECH recorded cash flow of EUR 4.4m following EUR 4.3m in the previous year. Net cash has increased to EUR 20.0m, 20% up on the figure of EUR 16.6m recorded on the key date at the end of the previous year. 4th quarter of 2003: Revenue rose to EUR 14.2m (4thQ 2002: EUR 13.9m). Software revenue dropped slightly to EUR 2.4m (EUR 2.5m), while consulting recorded a rise to EUR 11.8m (EUR 11.4m). EBITDA was EUR 1.5m (EUR 1.7m) and EBIT was EUR 0.9m (EUR 1.0m). Comparing the figures for the end-year key dates, the REALTECH share price has more than doubled up to the end of 2003. REALTECH will be publishing its final consolidated financial statements for fiscal year 2003 on March 25, 2004. Contact: Volker Hensel, Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49.6227.837.500, Fax: +49.6227.837.9134 end of ad-hoc-announcement (c)DGAP 12.02.2004 ——————————————————————————– WKN: 700890; ISIN: DE0007008906; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 120700 Feb 04