Ad-hoc | 14 February 2005 19:37

REALTECH AG: Provisional consolidated annual figures for 2004

Ad hoc announcement §15 WpHG Annual Figures 2004 REALTECH AG: Provisional consolidated annual figures for 2004 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— -Revenue down 13% to EUR 47m -Software solutions up 15% -18% drop in consulting -Increased net cash and cash equivalents -4th quarter better than expected Walldorf, February 14, 2005. According to provisional figures, REALTECH AG’s revenue in fiscal year 2004 amounted to EUR47.1m, that is, 13% below the level of the previous year (2003: EUR 53.8m). Software solution revenue increased by 15% to EUR 9.8m (EUR 8.5m), while revenue in the consulting segment fell by 18% to EUR 37.3m (EUR 45.3m). The main reason for this negative development in the consulting division involved changes at the REALTECH Italia subsidiary, as publicized at the beginning of fiscal year 2004. It should also be taken into account that REALTECH AG sold its Australian subsidiary, REALTECH Australia Pty. Ltd., Sydney, on January 18, 2005, effective from December 31, 2004. As a result of the US GAAP rules, the Australian company is being shown as “discontinued operations”, meaning that the above figures for 2004 and 2003 are stated excluding REALTECH Australia. Earnings before interest, tax, and depreciation (EBITDA) reached EUR 1.8m (EUR 4.5m), while the operating income (EBIT) amounted to minus EUR 0.3m (EUR 1.7m). In contrast, if we take REALTECH Australia into account “pro forma” for the two years to be compared, we get EBITDA of EUR 1.0m (EUR 4.3m) and EBIT of minus EUR 1.1m (EUR 1.4m). Net income amounted to minus EUR 1.8m (minus EUR 0.3m), while earnings per share were minus EUR 0.35 (minus EUR 0.06). Net cash and cash equivalents increased to EUR 21.4m – 7% up on the figure of EUR 19.9m recorded on the key date at the end of the previous year. The company recorded a cash flow of EUR 3.0m (EUR 4.9m). 4th quarter of 2004: Revenue in the 4th quarter fell to EUR 13.0m (from EUR 13.7m in the same quarter of 2003). Software revenue increased by 31% to EUR 3.1m (EUR 2.3m), which was substantially higher than expected. The 12% decline in consulting revenue to EUR 10.0m (EUR 11.3m) was likewise better than the annual average. EBITDA was EUR 1.1m (EUR 1.6m) and EBIT was EUR 0.6m (EUR 1.0m). Net income amounted to minus EUR 0.6m (EUR 0.5m), giving rise to earnings per share of minus EUR 0.10 (EUR 0.10). REALTECH will be publishing its final consolidated financial statements for 2004 on March 23, 2005. Contact person: Volker Hensel Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49 6227 837 500, fax: +49 6227 837 9134 REALTECH AG Industriestrasse 39c 69190 Walldorf Deutschland ISIN: DE0007008906 WKN: 700890 Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 14.02.2005 141937 Feb 05