Walldorf, April 22, 2002. In the first quarter of 2002 REALTECH AG increased its revenues by 14% to EUR 14.0 million (Q1/2001: EUR 12.3 million). Software revenues increased by 39% against Q1/2001 to EUR 1.4 million (EUR 1.0 million). Revenues in the Technology Consulting division were up 12% to EUR 12.6 million (EUR 11.3 million).
An EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of EUR 0.1 million was generated after EUR 0.3 million in Q1/2001. The operating income (EBIT) of minus EUR 0.6 million (minus EUR 0.5 million) is in line with the planned figures that REALTECH published for the whole of the 2002 financial year. The net income was minus EUR 0.5 million (minus EUR 0.5 million), equivalent to the earnings per share of minus EUR 0.09 (minus EUR 0.10).
In the first three months of 2002 a cash flow from operationg activities of EUR 2.7 million was generated against minus EUR 0.4 million in same period the previous year. On a yoy basis net liquidity increased by 14% to EUR 18.8 million as of March 31.
For the next quarters in 2002 REALTECH AG expects that as a result of the gen-eral restraint on the market, investments will be made very cautiously. The Execu-tive Board looks with restrained optimism into the future, without underestimating the risks of the market situation.
REALTECH will publish its quarterly report for Q1/2002 on May 8, 2002.
Contact: Volker Hensel Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49.6227.837.500 Fax: +49.6227.837.434
