* Revenue up 9% to EUR 54.4 million
* 11% increase in software solutions
* Consulting expanded by 8%
* EBIT up 121% to EUR 3.7 million
* Clear improvement in net income
* Dividend of 50 euro-cents planned
Walldorf, February 15, 2007. According to provisional figures, the REALTECH Group’s revenue in fiscal year 2006 rose 9% to EUR 54.4 million (2005: EUR 50.1 million). With regard to software solutions, revenue increased by 11% to EUR 11.4 million (EUR 10.3 million). In the consulting segment, REALTECH achieved an increase of 8% to EUR 43.0 million (EUR 39.8 million).
Earnings before interest, tax, depreciation, and amortization (EBITDA) increased to EUR 5.1 million (EUR 3.1 million), while the operating income (EBIT), at EUR 3.7 million, has more than doubled compared to the previous year (EUR 1.7 million). One of the main factors to which this excellent development can be attributed is the great improvement in earnings in the software segment, which has made a positive contribution to earnings for the first time since being established. One thing that is particularly worth mentioning here is that the positive contribution was made not only for the year as a whole, but also in every single quarter of 2006.
Net income increased to EUR 1.9 million (EUR 1.1 million) and earnings per share to EUR 0.37 (EUR 0.22). Net cash and cash equivalents increased to EUR 28.0 million (8% up on the figure of EUR 26.0 million recorded on the key date at the end of the previous year). Cash flow amounted to EUR 2.4 million (EUR 4.8 million).
4th quarter of 2006:
Based on a comparison of quarters, the 4th quarter was once again the most profitable, with revenues increasing by 13% to EUR 15.7 million in comparison to the previous year (Q4/2005: EUR 13.9 million). This included a 23% increase in software revenues to EUR 3.8 million (EUR 3.1 million), and a 10% increase to EUR 11.9 million (EUR 10.9 million) in the area of consulting.
EBITDA increased to EUR 2.1 million (EUR 1.7 million), while EBIT amounted to EUR 1.7 million (EUR 1.2 million).
Net income increased to EUR 1.0 million (EUR 0.6 million), equivalent to earnings per share of EUR 0.18 (EUR 0.12).
At the General Meeting, scheduled to be held in Wiesloch on May 22, 2007, the Executive and Supervisory Boards of REALTECH AG will propose distributing a dividend of 50 euro-cents per share for the net profit of 3,177,137.26 euros recorded for fiscal year 2006. The two committees made this decision on February 14, 2007.
REALTECH will be publishing its final consolidated financial statements for 2006 on March 29, 2007.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134