Ad-hoc | 20 October 2008 12:25
REALTECH AG / Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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-Consolidated revenue up by 12%
-22% increase in software revenues
-Consulting business grows by 10%
-Another improvement in operating income and net income
Walldorf, October 20, 2008. REALTECH AG's consolidated revenue increased in
the first nine months of 2008 by 12% to EUR 51.3 million (first nine months
of 2007: EUR 45.7 million) with software revenues growing by 22% to EUR
11.5 mil-lion (EUR 9.4 million) and consulting business increasing by 10%
to EUR 39.8 million (EUR 36.2 million).
REALTECH Group's operating income improved substantially once again:
earn-ings before interest, taxes, depreciation, and amortization (EBITDA)
rose by 21% to EUR 5.3 million (EUR 4.3 million) and earnings before
interest and taxes (EBIT) by 24% to EUR 4.5 million (EUR 3.7 million).
Net income increased by 63% to EUR 3.4 million (EUR 2.1 million), while
earnings per share were EUR 0.65 (EUR 0.40). As a result of the dividend
distributed in the 2nd quarter, net cash and cash equivalents at the end of
September 2008 stood at EUR 26.8 million, compared to EUR 28.1 million at
the end of 2007. The company recorded a cash flow of EUR 1.7 million (EUR
2.1 million).
3rd quarter 2008:
Group revenue is up 5% on the previous year’s figure, amounting to EUR 16.7
million (Q3/2007: EUR 16.0 million). Software revenues were up by 13% to
EUR 4.0 million (EUR 3.6 million). Consulting revenue slightly increased by
2% to EUR 12.7 million (EUR 12.5 million).
EBITDA increased by 4% to EUR 1.7 million (EUR 1.6 million) and EBIT by 4%
to EUR 1.4 million (EUR 1.3 million). Net income rose by 54% to EUR 1.3
million (EUR 0.9 million) leading to earnings per share of EUR 0.25 (EUR
0.16).
REALTECH will be publishing its report for the third quarter of 2008 on
November 6, 2008.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
investors@realtech.com
www.realtech.com
20.10.2008 Financial News transmitted by DGAP
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Language: English
Issuer: REALTECH AG
Industriestraße 39c
69190 Walldorf
Deutschland
Phone: +49 (0)6227 837-500
Fax: +49 (0)6227 837 9134
E-mail: investors@realtech.com
Internet: www.realtech.com
ISIN: DE0007008906
WKN: 700890
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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