Ad-hoc | 21 April 2011 15:24
REALTECH AG / Key word(s): Quarter Results
21.04.2011 15:24
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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*Group revenue up 10%
*Consulting revenue expanded by 6%
*Software business increases by 26%
*EBIT reduced
*Net cash and cash equivalents remain stable
Walldorf, April 21, 2011. As described in the Outlook of the Group
Management Report of December 31, 2010, REALTECH succeeded in increasing
revenues in both segments in 2011. At the same time, earnings came under
pressure, as expected, due to investments. Germany saw an increase in
earnings while EBIT fell slightly. REALTECH Spain developed better than the
country's economy, but still has not made a positive contribution to
income. The greatest decline was in Japan. The earthquake disaster caused a
significant cease in orders, which had a corresponding effect on revenues
and earnings. REALTECH USA was able to increase its profitability
substantially while keeping revenues constant.
To put this in figures, REALTECH AG recorded revenue of EUR 12.9 million in
the first quarter of 2011, 10% up on the figure for the previous year
(first quarter of 2010: EUR 11.7 million). Consulting revenue rose by 6% to
EUR 9.6 million (EUR 9.1 million). Revenues in the software segment rose by
26% to EUR 3.3 million (EUR 2.6 million).
EBITDA (earnings before interest, tax, depreciation, and amortization)
declined from EUR 0.5 million to EUR 0.2 million, while EBIT (earnings
before interest and tax) fell from EUR 0.3 million to minus EUR 0.1
million.
Net income decreased accordingly from minus EUR 0.1 million to minus EUR
0.2 million, which corresponds to earnings per share of minus EUR 0.04
compared to minus EUR 0.01 in Q1/2010.
At the end of March 2011, net cash and cash equivalents stood at EUR 8.9
million, compared with EUR 6.4 million at the end of 2010 and EUR 9.2
million at the end of last March.
The Executive Board continues to believe its forecast and still expects to
achieve revenue growth this year. At the same time, the Board anticipates
that the increasing investments that are planned for 2011 will lead to
considerably improved earnings as of 2012.
Please note: REALTECH Italia S. p. A. which was sold in December 2011, has
been eliminated from the figures.
REALTECH will be publishing its quarterly report for Q1/2011 on May 5,
2011.
Contact person:
Volker Hensel
Investor Relations
REALTECH AG
D 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
21.04.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: 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, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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