Ad-hoc | 22 July 2004 08:15

REALTECH AG: Provisional half-year and quarterly figures for 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Provisional half-year and quarterly figures for 2004 -Revenue EUR 24.5m – down 12% -Software business grows 12% -Consulting revenue down 16% -Income from operations reduced -Cash flow remains positive Walldorf, July 22, 2004. REALTECH AG’s revenue fell in the 1st half of 2004 by 12% to EUR 24.5m (1st half of 2003: EUR 27.7m). This included an 12% increase in software revenue to EUR 4.5m (EUR 4.0m), combined with a 16% decline in consulting revenue to EUR 19.9m (EUR 23.7m). EBITDA (earnings before interest, tax, depreciation, and amortization) amounted to EUR 0.3m (EUR1.8m) while EBIT (earnings before interest and tax) amounted to minus EUR 0.9m (EUR 0.3m). Consolidated net income amounted to minus EUR 0.8m (minus EUR 0.9m), while earnings per share were minus EUR 0.15 (minus EUR 0.19). The company achieved a cash flow of EUR 1.2m (EUR 2.5m). At the end of June 2004, net cash and cash equivalents were EUR 21.0m, compared to EUR20.0m at the end of 2003 and EUR 18.2m at the end of last June. 2nd quarter of 2004: Revenue fell 12% to EUR 12.5m (2nd quarter of 2003: EUR 14.2m). Whereas software revenue increased by 16% to EUR 2.3m (EUR 2.0m), consulting revenue, at EUR 10.2m, was 17% down on the previous year’s figure (EUR 12.3m). Decreases were recorded in terms of EBITDA – from EUR 1.1m to EUR 0.2m – and EBIT – from EUR 0.4m to minus EUR 0.3m. Consolidated earnings increased to minus EUR 0.2m (minus EUR 0.6m), corresponding to earnings per share of minus EUR 0.05 (minus EUR 0.11). When comparing these figures, you should note that consolidated net income in the previous year were affected by the EUR 0.7m write-down of the company’s interest in Grau Data Storage AG. Having decreased its revenue expectation for the second half of 2004 with regard to some software products, REALTECH AG’s Executive Board now anticipates that the company will record an EBIT of minus EUR 2.5m this fiscal year. The report on the 2nd quarter of 2004 will be published on August 5, 2004. Contact person: 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 22.07.2004 ——————————————————————————– WKN: 700890; ISIN: DE0007008906; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 220815 Jul 04