Realtech AG

Earnings Release • Feb 28, 2013

News Details

Ad-hoc | 28 February 2013 15:25

REALTECH AG: provisional consolidated financial statements for 2012

REALTECH AG / Key word(s): Final Results

28.02.2013 15:25

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*Group revenue up 2 percent to EUR 39.8 million
*Consulting revenues up 4 percent
*Software revenues down 4 %
*Operating profit increased to EUR 0.4 million
*Group net income at minus EUR 0.2 million

Walldorf, February 28, 2013. According to provisional figures, REALTECH AG
recorded Group revenue in fiscal year 2012 of EUR 39.8 million (2011: EUR
39.2 million), an increase of 2 %. This included a 4 % increase in
Consulting revenue to EUR 27.5 million (EUR 26.4 million). By contrast,
Software revenue decreased by 4 % to EUR 12.3 million (EUR 12.7 million).

Income from operations (EBIT) increased in the 2012 fiscal year to EUR 0.4
million (EUR 0.2 million) while EBITDA rose to EUR 1.7 million (EUR 1.4
million). Consequently, the EBITDA margin rose from 3.6 % to 4.2 %.

The income development is made up of several factors. Due to investments
and structural changes over the last two years, the gross profit was
improved. At the same time, operational expenditure increased by
approximately the same amount.

The Group net income from continuing and discontinued operations fell from
minus EUR 0.8 million to minus EUR 0.2 million. Earnings per share
accordingly decreased to minus EUR 0.04 (EUR 0.15). In the previous year,
the sale of the Spanish and Italian subsidiaries for EUR 1.1 million had a
positive impact on income.

The Group net income from continuing operations improved slightly, from
minus EUR 0.3 million to minus EUR 0.2. Earnings per share increased to
minus EUR 0.04 (minus EUR 0.06).

4th quarter 2012:
Group revenue rose by 2 % to EUR 10.8 million (Q4/2011: EUR 10.6 million).
This included a 4 % increase in Consulting revenue to EUR 7.4 million (EUR
7.1 million). Software revenues decreased by 3 % to EUR 3.4 million (EUR
3.5 million).

Income from operations (EBIT) decreased in from EUR 0.5 million to EUR 0.4
million and EBITDA fell from EUR 1.0 million to EUR 0.7 million. The Group
net income remained unchanged at EUR 0.5 million, meaning earnings per
share stayed at EUR 0.10.

Outlook
Our strategy for the future is to continue to invest in our Software
development, in technical innovations and in our highly qualified
employees. We are investing in our sales capacities in order to provide our
customers with the optimum, tailored solution for them in accordance with
their individual situation with regard to budget and IT equipment.

Further collaboration with partners - in particular SAP - continues to play
a key role for us as we aim to increase our market coverage and expand our
service portfolio. In this way, we are able to provide our customers with
greater economic benefits. To achieve this, we are focus-ing on the IT
topics with the greatest growth rates: In-memory computing (HANA), cloud
computing and mobility. Our customers benefit from these innovative areas
that help them reduce their operating costs, increase productivity and, at
the same time, implement innovations faster. For our part, this combined
approach enables us to create 'added value through IT'. We are targeting
these market segments with both our consulting solutions and our software
products.

Our goal for the 2013 fiscal year is to achieve revenue or EUR 47.9 million
with an EBIT of EUR 2.1 million.

In the 2012 fiscal year, REALTECH AG achieved net profit of EUR 1.1
million, following EUR 3.4 million in 2011. At the General Meeting,
scheduled to be held in Wiesloch on May 16, 2013, the Executive and
Supervisory Boards of REALTECH AG will propose carrying forward the net
profit of EUR 1.1 million for the 2012 fiscal year to a new account.

REALTECH will be publishing its final consolidated financial statements for
2012 on March 28, 2013.

Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134
E-mail: investors@realtech.com

28.02.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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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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