- Group revenue of EUR 11.7 million - up 4%
- Software business grows 11%
- Consulting revenue up 2%
- Income from operations negative as anticipated
- Boost in cash flow and net cash and cash equivalents
|
|
Ad Hoc Releases
REALTECH AG: Provisional quarterly figures for Q1/2005
Walldorf, April 26, 2005.
REALTECH AG recorded revenue of EUR 11.7 million in the first quarter
of 2005, 4% up on the figure for the previous year (first quarter of
2004: EUR 11.2 million). This means that revenue has increased compared
to the previous year for the first time since the fourth quarter of
2003. Software revenues increased by 11% compared with Q1/2004 to EUR
2.4 million (EUR 2.1 million). Revenues in the Consulting segment
increased by 2% to EUR 9.3 million (EUR 9.1 million).
EBITDA (earnings before interest, tax, depreciation, and amortization) decreased to minus EUR 0.2 million (EUR 0.1 million). Income from operations (EBIT) fell to minus EUR 0.6 million (minus EUR 0.5 million). Consolidated net income amounted to minus EUR 0.4 million (minus EUR 0.5 million), corresponding to earnings per share of minus EUR 0.08 (minus EUR 0.11). In the first three months of 2005, the company recorded a EUR 2.6 million cash flow from operating activities (EUR 0.4 million). At the end of March 2005, net cash and cash equivalents were EUR 24.2 million, compared to EUR 21.4 million at the end of 2004 and EUR 20.2 million at the end of last March. It is important to note that the subsidary REALTECH Japan Co., Ltd., Tokyo, was fully consolidated for the first time in the first quarter of 2005 and that - following the sale of the Australian subsidiary REALTECH Australia Pty. Ltd., Sydney, on December 31, 2004 - this has not been taken into account in the current or previous year's figures in compliance with US GAAP. REALTECH will be publishing its quarterly report for Q1/2005 on May 4, 2005. Contact person: Volker Hensel Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49 6227 837 500 Fax: +49 6227 837 9134 |
|
|
|||||||||||||||
|
|
