• Consolidated revenue up by 18%
• 23% increase in software revenues
• Consulting business grows by 17%
• Another substantial improvement in operating income and net income
Walldorf, October 23, 2007. REALTECH AG's consolidated revenue increased in the first nine months of 2007 by 18% to EUR 45.7 million (first nine months of 2006: EUR 38.7 million) with software revenues growing by 23% to EUR 9.4 million (EUR 7.7 million) and consulting business increasing by 17% to EUR 36.2 million (EUR 31.0 million).
REALTECH Group's operating income improved substantially once again: earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 46% to EUR 4.3 million (EUR 3.0 million) and earnings before interest and taxes (EBIT) by 77% to EUR 3.7 million (EUR 2.1 million).
Net income more than doubled to EUR 2.1 million (EUR 1.0 million), while earnings per share were EUR 0.40 (EUR 0.19). As a result of the dividend distributed in the 2nd quarter, net cash and cash equivalents at the end of September 2007 stood at EUR 27.3 million, compared to EUR 28.0 million at the end of 2006 and EUR 27.7 million at the end of last September. The company recorded a cash flow of EUR 2.1 million (EUR 2.2 million).
3rd quarter 2007:
Group revenue is up 26% on the previous year’s figure, amounting to EUR 16 million (Q3/2006: EUR 12.7 million). Software revenues were up by 48% to EUR 3.6 million (EUR 2.4 million) and consulting revenue increased by 21% to EUR 12.5 million (EUR 10.3 million).
EBITDA increased by 28% to EUR 1.7 million (EUR 1.3 million) and EBIT by 44% to EUR 1.4 million (EUR 0.9 million). Net income was EUR 0.9 million (EUR 0.4 million), corresponding to earnings per share of EUR 0.16 (EUR 0.08).
Outlook:
The forecast for revenue and EBIT issued at the beginning of the year and revised upwards by the REALTECH AG Executive Board in July 2007 was confirmed and REALTECH now expects a percentage revenue increase for 2007 similar to that anticipated in the first six months. As for EBIT, the company anticipates growth in the high double-digit range for 2007.
REALTECH will be publishing its report for the third quarter of 2007 on November 2, 2007.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134