Realtech AG

Earnings Release • Oct 21, 2011

News Details

Ad-hoc | 21 October 2011 12:29

REALTECH AG: Provisional 9-month and quarterly figures for 2011

REALTECH AG / Key word(s): Quarter Results

21.10.2011 12:29

Dissemination 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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*Group revenue up 2% to EUR 28.6 million
*Software revenue expanded by 22%
*Consulting business records 5% decline
*9-month EBIT of minus EUR 0.9 million - Q3 EBIT of EUR 0.0 million
*Net cash and cash equivalents and cash flow greatly improved

Walldorf, October 21, 2011. According to provisional figures for the first
nine months of 2011, REALTECH recorded a 2% increase in group revenue at
EUR 28.6 million (1st nine months of 2010: EUR 28.0 million). This included
a 22% increase in software revenues to EUR 9.2 million (EUR 7.6 million).
Revenue in the consulting business fell by 5% to EUR 19.3 million (EUR 20.4
million).

It must be noted here that REALTECH AG sold its Spanish subsidiary,
REALTECH system consulting S.L., Madrid, on June 28, 2011 as part of a
management buy-out. In line with IFRS regulations, the Spanish company is
being listed as 'Discontinued Operations'. The figures for last year with
regard to the Italian subsidiary REALTECH Italia S. p. A., which was sold
at the end of fiscal year 2010, were treated in a similar way.
Consequently, the figures for 2011 do not include REALTECH Spain and those
for 2010 do not include REALTECH Spain or REALTECH Italy.

Earnings before interest, tax, depreciation, and amortization (EBITDA)
decreased to minus EUR 0.1 million (EUR 2.6 million), while EBIT fell to
EUR 0.9 million (EUR 1.8 million). This was caused in particular by a
temporary weakness in the Asia Pacific region (Japan and New Zealand). The
situation in Japan will improve significantly by the end of the year, as
will the negative impact on income arising from loss of rent. In addition,
personnel restructuring measures have also affected income in 2011.

Net income amounted to EUR 0.2 million (EUR 0.6 million) and earnings per
share amounted to EUR 0.04 (EUR 0.11).

As a result of the previously mentioned disposal, net cash and cash
equivalents increased to EUR 11.5 million, compared to EUR 6.4 million at
the end of 2010 and EUR 7.4 million at the end of last June. Cash flow
increased from EUR 3.0 million to EUR 6.1 million.

3rd quarter of 2011:
Net income was up 7% to EUR 10.2 million (3rd quarter of 2010: EUR 9.5
million). Software revenues increased by 27% to EUR 3.2 million (EUR 2.5
million). In consulting, revenues were on par with the previous year at EUR
7.0 million

EBITDA fell to EUR 0.4 million (EUR 1.1 million) and EBIT to EUR 0.0
million (EUR 0.9 million).

Net income amounted to minus EUR 0.2 million (EUR 0.4 million) and earnings
per share amounted to minus EUR 0.03 (EUR 0.06).

REALTECH will be publishing its quarterly report for Q3/2011 on November
03, 2011.

Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
investors@realtech.com
www.realtech.com

21.10.2011 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
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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