Realtech AG

Earnings Release • Feb 22, 2010

News Details

Ad-hoc | 22 February 2010 07:36

REALTECH AG: Provisional consolidated annual figures for 2009

REALTECH AG / Final Results

22.02.2010 07:36

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*Cost management shows sustained effect
*Cash flow from operations sees sharp rise on previous year
*Increased net cash and cash equivalents
*Group revenue of EUR 61.7 million - down 13%
*Software revenue of EUR 12.2 million
*Consulting business revenue of EUR 49.5 million
*Total EBIT of EUR 2.6 million, Q4 EBIT EUR 1.3 million

Walldorf, February 22, 2010. In spite of the difficult economic
environment, REALTECH managed to boost cash flow from operations
substantially, increasing it from EUR 3.3 million in 2008 to EUR 5.2
million in 2009. As a result, net cash and cash equivalents rose from EUR
6.4 million to EUR 7.4 million on the basis of the same key date.

According to provisional figures, REALTECH's revenue in fiscal year 2009
was EUR 61.7 million (2008: EUR 70.8 million). This included software
solutions of EUR 12.2 million (EUR 16.8 million). The consulting business
area reported revenues of EUR 49.5 million (EUR 54.0 million).

Earnings before interest, tax, depreciation, and amortization (EBITDA) were
reduced to EUR 3.5 million (EUR 8.0 million), while EBIT decreased to EUR
2.6 million (EUR 7.0 million). The consulting business area directly
accounted for a 47 percent share of Group EBIT (previous year: 53 percent).
Accordingly, the software business area contributed a 53 percent share
(previous year: 47 percent).

Net income amounted to EUR 1.2 million (EUR 5.7 million). Accordingly,
earnings per share were EUR 0.18 (EUR 1.08).

Fourth quarter of 2009:
Revenues amounted to EUR 15.6 million (Q4/2008: EUR 19.5 million). This
included software revenues of EUR 3.4 million (EUR 7.0 million). In
consulting, revenues matched the previous year's figure of EUR 12.2 million
(EUR 12.5 million).

EBITDA amounted to EUR 2.5 million (EUR 2.8 million), while the operating
result (EBIT) was EUR 1.3 million (EUR 2.5 million). Thanks to the timely
introduction of cost-cutting measures, the EBIT reported for the fourth
quarter of 2009 was almost the same as the EBIT for the previous three
quarters combined.

Net income amounted to EUR 0.9 million (EUR 2.3 million), corresponding to
earnings per share of EUR 0.12 (EUR 0.43).

Nicola Glowinski, CEO of REALTECH AG, made the following comments: 'It was
clear to see at the end of 2008 that the 2009 fiscal year would be
difficult. Right then, at the end of 2008, we implemented appropriate
programs to reduce costs in a sustained manner. In our opinion, the fourth
quarter of 2009, during which the EBIT we achieved was comparable to the
combined figure for the previous three quarters, reflected the calmer
global economic situation.'

In view of the improvement in the order book compared to the 2009 fiscal
year, and the sustained effect of the cost-cutting measures, the Executive
Board is expecting moderate revenue growth during the current fiscal year
and for EBIT to increase by more than 20 percent.

REALTECH will be publishing its final consolidated financial statements for
2009 on March 25, 2010.

Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134

22.02.2010 Ad hoc announcement, Financial News and Media 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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