Realtech AG

Earnings Release • Apr 24, 2015

News Details

Ireland | 24 April 2015 06:45

REALTECH AG: Group interim statement in accordance with Section 37 x of the German Securities Trading Act (WpHG) for the 1st quarter of 2015

REALTECH AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

24.04.2015 06:45

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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* Group revenue up 9 percent
* EBIT improved from minus EUR 1.0 million to EUR 0.0 million
* Net income increased from minus EUR 1.1 million to minus EUR 0.1 million

Walldorf, April 24, 2015. The REALTECH Group remains in a realignment
phase. The measures relating to the portfolio and the consolidation of the
business model that were begun in the previous fiscal year have not yet
been fully completed. Further efforts will be necessary in 2015, too, which
will take into account the existing values, capabilities and goals of the
REALTECH Group.

The strategic course as a whole has been corrected and a uniform concept
for the future drawn up. All costs have been scrutinized, thus releasing
funds for useful investments. We have simplified and streamlined our
organizational structures and made them more efficient, in particular by
removing the separation between the Software and Consulting areas. The aim
now is to expand the core business of the REALTECH Group and to critically
examine the processes and the work and thought patterns within the REALTECH
Group regularly.

In the first quarter of 2015, Group revenue increased by 9% to EUR 9.2
million (1st quarter of 2014: EUR 8.4 million). At the same time, revenue
from Consulting services rose by 14% to EUR 6.5 million (1st quarter of
2014: EUR 5.7 million. This was primarily due to the improved capacity
utilization of the consultants.

Revenue in the Software segment remained stable and reached the previous
year's figure of EUR 2.7 million.

Operating profit (EBIT) improved from minus EUR 1.0 million to EUR 0.0
million - the best 1st quarter EBIT since fiscal year 2010. Net income on
March 31, 2015 rose by EUR 1.0 million compared with the first three months
of the previous year to minus EUR 0.1 million. This results in earnings per
share of minus EUR 0.02 following minus EUR 0.21 in the previous year.

The REALTECH Group had 313 employees on the key date of March 31, 2015,
approximately 10 percent fewer than at the end of the first quarter of 2014
(349). In Germany, the number of employees fell by approximately 15%, from
268 to 227.

The Executive Board continues to expect operating profit (EBIT) for the
2015 fiscal year to improve in the range between EUR 0.0 million and EUR
1.0 million.

REALTECH AG
The Executive Board

Contact:
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.546
E-mail: investors@realtech.com
www.realtech.com

Legal Notice:
This interim report may contain certain future-oriented statements that are
based on the current assumptions and forecasts of the REALTECH AG company
management or its associated companies. Various known and unknown risks and
uncertainties as well as other factors may have the result that the actual
revenues, the financial situation, the development or the performance of
REALTECH AG and its associated companies deviate significantly from the
estimations provided here. Neither REALTECH AG nor its associated companies
are obligated to update such future-oriented statements and adapt them to
future events or developments.

24.04.2015 The DGAP 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
Internet: www.realtech.com

End of Announcement DGAP News-Service

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