Realtech AG

Earnings Release • Jul 21, 2011

News Details

Ad-hoc | 21 July 2011 16:47

REALTECH AG: Provisional half-year and quarterly figures for 2011

REALTECH AG / Key word(s): Half Year Results

21.07.2011 16:47

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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*Revenue similar to last year
*19% increase in software revenue
*Consulting business: 8% decrease
*EBIT decreased to minus EUR 0,9 million
*Increase in net income from EUR 0.2 million to EUR 0.4 million
*Significant improvement in net cash and cash equivalents and cash flow

Walldorf, July 21, 2011 According to provisional half-year figures for
2011, REALTECH recorded Group revenue of EUR 18.4 million, similar to last
year (1st half of 2010: EUR 18.5 million). At EUR 6.1 million (EUR 5.1
million) software solutions saw significant growth of 19%. Revenue in the
consulting business fell by 8% to EUR 12.3 million (EUR 13.4 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' ('Aufgegebene
Geschäftsbereiche'). 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 0.4 million (EUR 1.5 million), while EBIT decreased
to minus EUR 0.9 million (EUR 0.9 million). This was caused in particular
by a temporary weakness in the APAC region (Japan and New Zealand).

In contrast, if we take REALTECH Spain and REALTECH Italia into account
'pro forma' as part of the Group for the two years to be compared, EBITDA
for fiscal year 2011 is EUR 1.1 million (EUR 0.8 million) and EBIT is EUR
0.7 million (EUR 0.2 million).

Net income was greatly influenced by the disposal of the two companies and
rose to EUR 0.4 million (EUR 0.2 million). Similarly, earnings per share
increased to EUR 0.07 (EUR 0.05).

As a result of the previously mentioned disposal, net cash and cash
equivalents increased to EUR 11.6 million at the end of June 2011, compared
to EUR 6.4 million at the end of 2010 and EUR 6.2 million at the end of
last June. Cash flow increased from EUR 1,759,000 to EUR 5,962,000.

2nd quarter of 2011:
Group revenue was down 4% to EUR 9.1 million (2nd quarter of 2010: EUR 9.4
million). Software revenue climbed 11% to EUR 3.0 million (EUR 2.7
million). Revenue in the consulting business fell by 7% to EUR 6.1 million
(EUR 6.6 million).

EBITDA decreased to minus EUR 0.6 million (EUR 1.0 million), while EBIT
decreased to minus EUR 0.8 million (EUR 0.5 million). Net income improved
to EUR 0.6 million (EUR 0.3 million), corresponding to earnings per share
of EUR 0.11 (EUR 0.06).

REALTECH will be publishing its quarterly report for Q2/2011 on August 4,
2011.

Contact person:
Volker Hensel
Investor Relations
REALTECH AG
Industriestrasse 39c
D 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134

21.07.2011 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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