- Half-year revenue falls by 12% to EUR 30.6 million
- Software revenues of EUR 5.3 million
- Consulting revenue of EUR 25.4 million
- Half-year EBIT of minus EUR 0.2 million, Q2 EBIT of EUR 0.8 million
- Cash flow remains positive
Walldorf, July 22, 2009. REALTECH AG’s revenue decreased in the 1st half of 2009 by 12% to EUR 30.6 million (1st half of 2008: EUR 34.6 million). This included a 30% fall in software revenues to EUR 5.3 million (EUR 7.5 million). In consulting, revenues fell by 6% to EUR 25.4 million (EUR 27.1 million).
EBITDA (earnings before interest, tax, depreciation, and amortization) decreased to EUR 0.0 million (EUR 3.5 million) while EBIT (earnings before interest and tax) fell to minus EUR 0.2 million (EUR 3.1 million).
Net income amounted to minus EUR 0.6 million (EUR 2.1 million) and earnings per share amounted to minus EUR 0.11 (EUR 0.40). The company recorded a cash flow of EUR 2.3 million (EUR 3.0 million).
As a result of the dividend of EUR 2.6 million distributed in the 2nd quarter, net cash and cash equivalents at the end of June 2009 stood at EUR 6.1 million, compared to EUR 6.4 million at the end of 2008 and EUR 28.0 million at the end of last June. It should be noted here that the company distributed cash to shareholders in December 2008 based on an ordinary capital reduction amounting to EUR 21.0 million.
2nd quarter of 2009:
Revenue was down 18% to EUR 14.9 million (2nd quarter of 2008: EUR 18.1 million). Software revenue fell 29% to EUR 2.9 million (EUR 4.2 million), while revenue in the Consulting segment decreased by 14% to EUR 12.0 million compared with the previous year (EUR 14.0 million).
EBITDA amounted to EUR 0.9 million (EUR 2.2 million), while EBIT stood at EUR 0.8 million (EUR 2.0 million). Net income amounted to EUR 0.9 million (EUR 1.5 million), corresponding to earnings per share of EUR 0.18 (EUR 0.28).
REALTECH will be publishing its quarterly report for Q2/2009 on August 6, 2009.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134
