Walldorf, February 8, 2002. According to preliminary figures REALTECH AG in-creased sales in the 2001 financial year by 25% to EUR 56.5 million (2000: EUR 45.2 million). Growth was exclusively organic and the greatest percentage increase was in the Consulting division. With sales of EUR 50.6 million compared to EUR 39.5 million in the previous year, sales rose by 28%. On a yoy comparison the Software solutions division grew by 4% to EUR 5.9 million (EUR 5.7 million).
The preliminary EBITDA is TEUR 5,418, 9% above the level of the previous year (TEUR 4,986). The preliminary operating result (EBIT) is TEUR 1,811 (TEUR 2,000). Thus REALTECH has exceeded the EBIT of TEUR 1,600 originally forecast by 13%. The previous year's figures include the income of TEUR 1,292from the disposal of the IT-GO! GmbH participation. Without this spe-cial effect from 2000 the previous year's EBITDA and EBIT are lower at TEUR 3,694 and TEUR 708, respectively.
In absolute terms general administrative costs dropped by 12% compared to the previous year and from 31% to 21% in relation to sales. The post-tax result is an-ticipated to be minus TEUR 2,140 (minus TEUR 913) despite the positive interest position due to a write-down of TEUR 2,715 on the participation in InterCLubNet Ltd. disposed of in January 2002 and due to tax expenses. This results in a result per share of minus EUR 0.42 (minus EUR 0.18). Cash flow from current opera-tions of TEUR 781 was achieved against minus TEUR 2,360 in 2000.
Fourth quarter 2001: REALTECH again achieved record sales for the quarter with a preliminary sales of EUR 15.5 million (Q4/2000: EUR 13.5 million) - EUR 13.7 million were generated by the Consulting division. The preliminary EBITDA rose by 28% to TEUR 1,679. The operating result (EBIT) improved to TEUR 679, which represents an increase of 18% against the previous year.
REALTECH will publish the final consolidated financial figures for the 2001 financial year on March 21, 2002.
Contact: Volker Hensel Manager Investor Relations REALTECH AG 69190 Walldorf Tel.: +49.6227.837.500 Fax: +49.6227.837.434
