Ad-hoc | 17 February 2009 14:47
REALTECH AG / Final 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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- Revenue up 11% to EUR 70.8 million
- 20% increase in software solutions
- Consulting expanded by 9%
- EBIT up 6% to EUR 7.0 million
- 25% increase in net income
- Dividend of 50 euro-cents planned
Walldorf, February 17, 2009. According to provisional figures, the REALTECH
Group’s revenue in fiscal year 2008 rose 11% for the first time to EUR 70.8
million (2007: EUR 63.8 million). This consisted of an increase of 20% to
EUR 16.8 million (EUR 14.0 million) in REALTECH’s revenues from software
solutions and a 9% increase in the consulting business area to EUR 54.0
million (EUR 49.8 million).
Earnings before interest, tax, depreciation and amortization (EBITDA)
increased by 6% to EUR 8.1 million (EUR 7.6 million), while EBIT advanced
by 6% to EUR 7.0 million (EUR 6.6 million). A proportion of 45% can be
directly attributed to the contribution of the consulting business area,
while a proportion of 41% can be directly attributed to the software
business area. All four quarters of fiscal year 2008 were profitable.
Net income climbed by 25% compared to the previous year from EUR 4.6
million to EUR 5.4 million. Earnings per share rose accordingly to EUR 1.08
(EUR 0.87).
Net cash and cash equivalents decreased to EUR 6.4 million (compared to EUR
28.1 million on the same key date a year previously). It should be noted
here that the company distributed cash to shareholders in December 2008
based on an ordinary capital reduction amounting to EUR 21.0 million. Cash
flow decreased by 34% to EUR 2.9 million (EUR 4.4 million).
4th quarter of 2008:
The 4th quarter again saw highest revenues, with receipts increasing by 8%
to EUR 19.5 million in comparison to the previous year (Q4/2007: EUR 18.1
million). This included a 4% increase in software revenues to EUR 5.2
million (EUR 4.5 million), and a 5% increase to EUR 14.2 million (EUR 13.6
million) in the area of consulting.
EBITDA decreased to EUR 2.8 million (EUR 3.3 million), while EBIT decreased
to EUR 2.5 million (EUR 3.0 million).
Net income decreased to EUR 2.3 million (EUR 2.5 million), corresponding to
earnings per share of EUR 0.43 (EUR 0.47).
At the Annual General Meeting, scheduled to be held in Wiesloch on May 19,
2009, the Executive and Supervisory Boards of REALTECH AG will propose
distributing a dividend of 50 euro-cents per share for the net profit
recorded for fiscal year 2008. The two committees made this decision on
February 16, 2009.
REALTECH will be publishing its final consolidated financial statements for
2008 on March 26, 2009.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
17.02.2009 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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