Ad-hoc | 25 October 2013 12:00
REALTECH AG / Key word(s): Quarter Results
25.10.2013 12:00
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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*Group revenue down 3 % year-on-year
*Consulting revenues down 2 %
*Software business down 5 %
*Operating profit (EBIT) at minus EUR 3.5 million
Walldorf, October 25, 2013. According to provisional figures for the first
nine months of 2013, REALTECH AG recorded a 3 % decrease in Group revenue
at EUR 28.3 million year-on-year (first nine months of 2012: EUR 29.1
million). Revenue in the Consulting business area decreased by 2 % to EUR
19.9 million (EUR 20.2 million). Software revenues decreased by 5 % to EUR
8.4 million (EUR 8.9 million).
Operating profit (EBIT) fell to minus EUR 3.5 million (EUR 0.0 million).
This can essentially be attributed to lower than expected revenue,
expenditure for the Timplify project as well as the economic situation of
the individual subsidiaries. Furthermore, restructuring has also affected
income. In addition to the targeted personnel and cost-cutting measures,
restructuring particularly affect the termination of non-profitable
business areas.
Net income for the year decreased from minus EUR 0.7 million to minus EUR
4.1 million, corresponding to earnings per share of minus EUR 0.76 compared
to minus EUR 0.13 in the previous year.
3rd quarter 2013:
Group revenue decreased by 8 % compared to the same quarter in 2012 to EUR
9.4 million (third quarter of 2012: EUR 10.2 million). Consulting revenue
decreased by 11 % to EUR 6.6 million (EUR 7.4 million). Software remained
on a par with the previous year at EUR 2.8 million (EUR 2.8 million).
Due to the effects and measures stated above, operating profit in this
quarter fell year-on-year to minus EUR 0.8 million (minus EUR 0.9 million).
Net income fell to EUR minus 1.1 million (EUR 0.8 million), resulting in
earnings per share of minus EUR 0.20 (EUR 0.15).
The Executive Board is currently implementing the necessary steps to
steadily lead the company back to profitability. REALTECH is undergoing a
transformation process shaped by the intensified horizontal integration of
the Consulting and Software segments. REALTECH positions itself as a
technology optimizer in the SAP field and focuses on its core business
areas as well as on its traditional expertise - technology transfer in
practice and the benefits to the customer.
The Executive Board confirms the forecast of negative operating profit for
2013 in the low single-digit million range.
REALTECH will be publishing its quarterly report for Q3/2013 on November 7,
2013.
Contact:
Volker Hensel
REALTECH AG
Industriestraße 39c
D 69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134
25.10.2013 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
Germany
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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