- Revenue up 11% to EUR 70.8 million
• 20% increase in software solutions
• Consulting expanded by 9% - EBIT up 6% to EUR 7.0 million
- 25% increase in net income
- Dividend of 50 euro-cents planned
Walldorf, February 17, 2009. According to provisional figures, the REALTECH Group’s revenue in fiscal year 2008 rose 11% for the first time to EUR 70.8 million (2007: EUR 63.8 million). This consisted of an increase of 20% to EUR 16.8 million (EUR 14.0 million) in REALTECH’s revenues from software solutions and a 9% increase in the consulting business area to EUR 54.0 million (EUR 49.8 million).
Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 6% to EUR 8.1 million (EUR 7.6 million), while EBIT advanced by 6% to EUR 7.0 million (EUR 6.6 million). A proportion of 45% can be directly attributed to the contribution of the consulting business area, while a proportion of 41% can be directly attributed to the software business area. All four quarters of fiscal year 2008 were profitable.
Net income climbed by 25% compared to the previous year from EUR 4.6 million to EUR 5.7 million. Earnings per share rose accordingly to EUR 1.08 (EUR 0.87).
Net cash and cash equivalents decreased to EUR 6.4 million (compared to EUR 28.1 million on the same key date a year previously). 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. Cash flow decreased by 34% to EUR 2.9 million (EUR 4.4 million).
4th quarter of 2008:
The 4th quarter again saw highest revenues, with receipts increasing by 8% to EUR 19.5 million in comparison to the previous year (Q4/2007: EUR 18.1 million). This included a 4% increase in software revenues to EUR 5.2 million (EUR 4.5 million), and a 5% increase to EUR 14.2 million (EUR 13.6 million) in the area of consulting.
EBITDA decreased to EUR 2.8 million (EUR 3.3 million), while EBIT decreased to EUR 2.5 million (EUR 3.0 million).
Net income decreased to EUR 2.3 million (EUR 2.5 million), corresponding to earnings per share of EUR 0.43 (EUR 0.47).
At the Annual General Meeting, scheduled to be held in Wiesloch on May 19, 2009, the Executive and Supervisory Boards of REALTECH AG will propose distributing a dividend of 50 euro-cents per share for the net profit recorded for fiscal year 2008. The two committees made this decision on February 16, 2009.
REALTECH will be publishing its final consolidated financial statements for 2008 on March 26, 2009.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134