Realtech AG

Earnings Release • Apr 22, 2010

News Details

Ad-hoc | 22 April 2010 15:53

REALTECH AG: Provisional quarterly figures for Q1/2010

REALTECH AG / Quarter Results

22.04.2010 15:53

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.

---

*Continuity in cost management contributes to improved earnings with good
prospects
*EBIT increases substantially
*Group revenue decreases to EUR 14.4 million (minus 9%)
*Consulting revenue decreases by 13%
*Software business grows by 15%
*Increase in net cash and cash equivalents and decrease in cash flow

Walldorf, April 22, 2010. Despite the restrained order book situation,
which continued to prevail worldwide in the first 3 months of the current
fiscal year, the Group was able to improve income considerably. The global
economic crisis hit the subsidiaries in Spain and Italy somewhat later than
elsewhere. In contrast, all other REALTECH subsidiaries performed at a
better level. REALTECH Germany assumes the role of leading subsidiary and
contributes accordingly to the improvement in income.

REALTECH AG recorded revenue of EUR 14.4 million in the first quarter of
2010, down 9% on the figure for the previous year (first quarter of 2009:
EUR 15.7 million). Consulting revenues fell by 13% to EUR 11.7 million (EUR
13.4 million). However, revenues in the software segment rose by 15% to EUR
2.7 million (EUR 2.3 million).

EBITDA (earnings before interest, tax, depreciation, and amortization)
increased to minus EUR 0.3 million (minus EUR 0.8 million) while EBIT
(earnings before interest and tax) rose to EUR 22 thousand (minus EUR 977
thousand).

Net income increased accordingly from minus EUR 1.5 million to minus EUR
0.1 million, which corresponds to earnings per share of minus EUR 0.01
compared to minus EUR 0.29 in Q1/2009.

In the first three months of 2010, the company recorded a EUR 2.0 million
cash flow from operating activities (EUR 2.7 million). The decrease was
essentially due to an increase in trade receivables. At the end of March
2010, net cash and cash equivalents stood at EUR 9.2 million, compared with
EUR 7.4 million at the end of 2009 and EUR 8.9 million at the end of last
March.

The Group increased its EBIT by around EUR 1.0 million while revenue in the
first quarter of 2010 fell by EUR 1.3 million. The global project situation
and emerging prospects confirm the Executive Board's outlook for the 2010
fiscal year of achieving over 20% EBIT growth.

REALTECH will be publishing its quarterly report for Q1/2010 on May 6,
2010.

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

22.04.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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

---