Walldorf, April 22, 2004. REALTECH AG generated revenues of €11.9m in the first quarter of 2004, 12% down on the figures for the previous year (first quarter of 2003: €13.4m). Software revenues increased by 7% compared with Q1/2003 to €2.2m (€2.0m). Revenues in the Consulting segment fell by 15% to €9.7m (€11.4m).
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) decreased to €0.1m (€0.6m). Income from operations (EBIT) fell to minus €0.5m (minus €0.2m).
Net income amount to minus €0.5m (minus €0.4m), equivalent to earnings per share of minus €0.11 (minus €0.08).
Cash flow from operating activities of €0.2m (€2.9m) was generated in the first three months of 2004. Net cash and cash equivalents at the end of March 2004 amounted to €20.2m compared with €20.0m at the end of 2003 and €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 Tel.: +49.6227.837.500 Fax: +49.6227.837.9134
