Realtech AG

Earnings Release • Apr 24, 2009

News Details

Ad-hoc | 24 April 2009 14:40

REALTECH AG: Provisional quarterly figures for Q1/2009

REALTECH AG / Quarter Results

Release 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 down 5% to EUR 15.7 million
-Consulting revenue unchanged at EUR 13.4 million
-Software business down by 24%
-EBIT at minus EUR 1.0 million
-Increased cash flow and net cash and cash equivalents

Walldorf, April 24, 2009. REALTECH AG recorded revenue of EUR 15.7 million
in the first quarter of 2009, 5% down on the figure for the previous year
(first quarter of 2008: EUR 16.5 million). In particular, this development
can be attributed to Germany and the USA. However, because of its small
share of Group revenue, the USA did not have a major bearing on this
figure. In Germany revenues fell by 19% to EUR 5.9 million.

Whereas at EUR 13.4 million revenues from Consulting were unchanged
compared to Q1/2008, revenues from the Software segment fell by 24% to EUR
2.3 million (EUR 3.1 million).

EBITDA (earnings before interest, tax, depreciation, and amortization)
declined to minus EUR 0.8 million (EUR 1.3 million) while EBIT (earnings
before interest and tax) fell to minus EUR 1.0 million (EUR 1.1 million).

Net income suffered accordingly, falling from EUR 0.6 million to minus EUR
1.5 million, which corresponds to earnings per share of minus EUR 0.29
compared to EUR 0.12 in Q1/2008.

In the first three months of 2009, the company recorded a EUR 2.7 million
cash flow from operating activities (EUR 1.6 million). The rise was
essentially due to the increased reduction in trade receivables. At the end
of March 2009, net cash and cash equivalents stood at EUR 8.9 million,
compared with EUR 6.4 million at the end of 2008 and EUR 29.6 million at
the end of last March. It should be noted here that the company distributed
cash to shareholders in December 2008 based on an ordinary capital
reduction amounting to EUR 21.0 million.

The Executive and Supervisory Boards continue to propose a dividend of EUR
0.50 per share at the General Meeting to be held on May 19.

REALTECH will be publishing its quarterly report for Q1/2009 on May 7,
2009.

Contact person:
Volker Hensel
Investor Relations
REALTECH AG
D 69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134
24.04.2009 Financial News transmitted by DGAP

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Language: English
Issuer: 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, Stuttgart, München, Hamburg, Düsseldorf

End of News DGAP News-Service

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