Ad-hoc | 22 July 2009 08:44
REALTECH AG / Half Year 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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*Half-year revenue falls by 12% to EUR 30.6 million
*Software revenues of EUR 5.3 million
*Consulting revenue of EUR 25.4 million
*Half-year EBIT of minus EUR 0.2 million, Q2 EBIT of EUR 0.8 million
*Cash flow remains positive
Walldorf, July 22, 2009. REALTECH AG's revenue decreased in the 1st half of
2009 by 12% to EUR 30.6 million (1st half of 2008: EUR 34.6 million). This
included a 30% fall in software revenues to EUR 5.3 million (EUR 7.5
million). In consulting, revenues fell by 6% to EUR 25.4 million (EUR 27.1
million).
EBITDA (earnings before interest, tax, depreciation, and amortization)
decreased to EUR 0.0 million (EUR 3.5 million) while EBIT (earnings before
interest and tax) fell to minus EUR 0.2 million (EUR 3.1 million).
Net income amounted to minus EUR 0.6 million (EUR 2.1 million) and earnings
per share amounted to minus EUR 0.11 (EUR 0.40). The company recorded a
cash flow of EUR 2.3 million (EUR 3.0 million).
As a result of the dividend of EUR 2.6 million distributed in the 2nd
quarter, net cash and cash equivalents at the end of June 2009 stood at EUR
6.1 million, compared to EUR 6.4 million at the end of 2008 and EUR 28.0
million at the end of last June. 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.
2nd quarter of 2009:
Revenue was down 18% to EUR 14.9 million (2nd quarter of 2008: EUR 18.1
million). Software revenue fell 29% to EUR 2.9 million (EUR 4.2 million),
while revenue in the Consulting segment decreased by 14% to EUR 12.0
million compared with the previous year (EUR 14.0 million).
EBITDA amounted to EUR 0.9 million (EUR 2.2 million), while EBIT stood at
EUR 0.8 million (EUR 2.0 million). Net income amounted to EUR 0.9 million
(EUR 1.5 million), corresponding to earnings per share of EUR 0.18 (EUR
0.28).
REALTECH will be publishing its quarterly report for Q2/2009 on August 6,
2009.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG
Industriestrasse 39c
D 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
22.07.2009 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, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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