Realtech AG

Earnings Release • Apr 22, 2004

News Details

Ad-hoc | 22 April 2004 06:59

REALTECH AG: Provisional quarterly figures for Q1/2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Provisional quarterly figures for Q1/2004 -Group revenue falls by 12% to EUR 11.9m -Software business grows 7% -Consulting revenue down 15% -As anticipated, income from operations is negative -Boost in net cash and net cash equivalents Walldorf, April 22, 2004. REALTECH AG generated revenues of EUR 11.9m in the first quarter of 2004, 12% down on the figures for the previous year (first quarter of 2003: EUR 13.4m). Software revenues increased by 7% compared with Q1/2003 to EUR 2.2m (EUR 2.0m). Revenues in the Consulting segment fell by 15% to EUR 9.7m (EUR 11.4m). EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) decreased to EUR 0.1m (EUR 0.6m). Income from operations (EBIT) fell to minus EUR 0.5m (minus EUR 0.2m). Net income amount to minus EUR 0.5m (minus EUR 0.4m), equivalent to earnings per share of minus EUR 0.11 (minus EUR 0.08). Cash flow from operating activities of EUR 0.2m (EUR 2.9m) was generated in the first three months of 2004. Net cash and cash equivalents at the end of March 2004 amounted to EUR 20.2m compared with EUR 20.0m at the end of 2003 and EUR 19.0m on the same date the previous year. REALTECH will be publishing its quarterly report for Q1/2004 on May 6, 2004. Contact person: Volker Hensel Investor Relations REALTECH AG, 69190 Walldorf / Germany Tel.: +49.6227.837.500 Fax: +49.6227.837.9134 end of ad-hoc-announcement (c)DGAP 22.04.2004 ——————————————————————————– WKN: 700890; ISIN: DE0007008906; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 220659 Apr 04