Realtech AG

Earnings Release • Jul 22, 2010

News Details

Ad-hoc | 22 July 2010 08:19

REALTECH AG: Provisional half-year and quarterly figures for 2010

REALTECH AG / Half Year Results

22.07.2010 08:19

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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*Continuity in cost management contributes to an improvement in income^
from operations during the first six months in spite of falling revenue
*Group revenue for the first six months at EUR 29.3 million (EUR 30.6
million)
*Software revenues rose to EUR 5.5 million
*Consulting revenue fell to EUR 23.7 million
*Lower EBIT for the quarter
*Net income still in positive territory

Walldorf, July 22, 2010 As was the case for the first quarter, the Group
was also able to increase income substantially at the half-year mark.
Because of the difficult situation at the subsidiaries in Italy and Spain
(see the ad hoc report dated July 8, 2010) the improvement in income was
correspondingly weaker. REALTECH Germany was again the leading subsidiary
in the second quarter and made a substantial contribution to the increase
in EBIT over the first six months.

REALTECH AG's revenue decreased in the 1st half of 2010 by 4% to EUR 29.3
million (1st half of 2009: EUR 30.6 million). This included a 5% rise in
Software revenues to EUR 5.5 million (EUR 5.3 million). In Consulting,
revenues fell by 6% to EUR 23.7 million (EUR 25.4 million).

Income from operations improved as follows: EBITDA (Earnings Before
Interest, Taxes, Depreciation and Amortization) rose to EUR 0.8 million
(EUR 0.0 million) and EBIT progressed to EUR 0.2 million (minus EUR 0.2
million).

Net income rose to EUR 0.3 million (minus EUR 0.6 million) and earnings per
share improved to EUR 0.05 (minus EUR 0.11). The company recorded a cash
flow of EUR 1.8 million (EUR 2.6 million). The difference was essentially
due to an increase in trade receivables.

As a result of the dividend of EUR 2.6 million distributed in the 2nd
quarter, net cash and cash equivalents at the end of June 2010 stood at EUR
6.2 million, compared to EUR 7.3 million at the end of 2009 and EUR 6.1
million at the end of last June.

2nd quarter of 2010:
At EUR 14.9 million revenue was unchanged from the previous year (2nd
quarter of 2009: EUR 14.9 million). This was true for both Software
revenues at EUR 2.9 million (EUR 2.9 million) and Consulting revenues at
EUR 12.0 million (EUR 12.0 million).

EBITDA amounted to EUR 0.5 million (EUR 0.9 million), while EBIT stood at
EUR 0.2 million (EUR 0.8 million). Net income amounted to EUR 0.3 million
(EUR 0.9 million), corresponding to earnings per share of EUR 0.06 (EUR
0.18).

REALTECH will be publishing its quarterly report for Q2/2010 on August 5,
2010.

Contact person:
Volker Hensel
Investor Relations
REALTECH AG
Industriestrasse 39c
D - 69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134

22.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: REALTECH AG
Industriestraße 39c
69190 Walldorf
Deutschland
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, München, Düsseldorf, Stuttgart, Hamburg

End of News DGAP News-Service

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