Realtech AG

Earnings Release • Jul 22, 2014

News Details

Ad-hoc | 22 July 2014 08:24

REALTECH AG: Provisional half-year and quarterly figures for 2014

REALTECH AG / Key word(s): Half Year Results

22.07.2014 08:24

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Realignment improves earnings
* Group revenue decreased by EUR 1.9 million
* EBIT improved by EUR 1.5 million to minus EUR 1.3 million
* Net income improved by EUR 1.6 million to minus EUR 1.5 million

Walldorf, July 22, 2014. REALTECH is continuing to push ahead with its most
extensive transformation since the company was founded and is consistently
taking measures for realignment. Despite making many improvements,
especially with regard to our cost structure, we have not yet achieved our
goal. As a result, our reorganization measures continue to focus on
strengthening sales and marketing in the long term as well as expanding the
REALTECH portfolio in a structured manner, in line with customer
requirements.

In the first half of 2014, REALTECH AG recorded Group revenue of EUR 16.9
million, which was 10 % lower than in the previous year (first half of
2013: EUR 18.8 million). Consulting revenue alone decreased by EUR 1.7
million to EUR 11.5 million. This development can essentially be attributed
to reorganization measures being taken in marketing, a major order that was
not completed in the first half of the year in Japan as well as the
consequences of the German consulting project terminated at the turn of the
year. Revenues in the software segment decreased by EUR 0.2 million to EUR
5.4 million.

At the same time, the measures that have been tactically implemented with a
view to economic stabilization and realignment are bearing fruit: Operating
profit (EBIT) has improved by EUR 1.5 million to minus EUR 1.3 million.
Annual net income increased by EUR 1.6 million to minus EUR 1.5 million,
corresponding to earnings per share of minus EUR 0.28 compared to minus EUR
0.58 in the first half of 2013.

2nd Quarter 2014:
Group revenue decreased by 9 % to EUR 8.5 million (2nd quarter 2013: EUR
9.4 million). This included a EUR 0.8 million decrease in Consulting
revenue to EUR 5.8 million. Software declined only slightly compared to the
previous year and contributed EUR 2.7 million (EUR 2.8 million).

Operating profit (EBIT) in this quarter increased year-on-year from minus
EUR 1.8 million to minus EUR 0.3 million. The net income for the year rose
from minus EUR 1.9 million to minus EUR 0.4 million, resulting in earnings
per share of minus EUR 0.07 compared to minus EUR 0.36 the previous year.

The Executive Board continues to anticipate being able to stabilize the
REALTECH Group's revenue from consulting and software for the year as a
whole. At the same time, we expect operating profit (EBIT) for the 2014
fiscal year to improve in the range from minus EUR 1.0 million to
EUR 0.0 million.

REALTECH will be publishing its quarterly report for Q2/2014 on
August 7, 2014.

Contact person:
Manon Fischer
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 546
E-mail: investors@realtech.com

22.07.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: REALTECH AG
Industriestraße 39c
69190 Walldorf
Germany
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 (General Standard);
Freiverkehr in Berlin, Berlin - Tradegate Exchange,
Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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