- Group revenue of EUR 46.1 million – down 10%
- Software revenue of EUR 8.8 million
- Consulting revenue of EUR 37.3 million
- 9-month EBIT of EUR 1.3 million – Q3 EBIT of EUR 1.5 million
- Cash flow remains positive
Walldorf, October 21, 2009. REALTECH AG’s Group revenue decreased in the first nine months of 2009 by 10% to EUR 46.1 million (first nine months of 2008: EUR 51.3 million). This included a 24% fall in software revenue to EUR 8.8 million (EUR 11.5 million). In consulting, revenue fell by 6% to EUR 37.3 million (EUR 39.8 million).
EBITDA (earnings before interest, tax, depreciation, and amortization) decreased to EUR 0.7 million (EUR 5.3 million) while EBIT (earnings before interest and tax) fell to EUR 1.3 million (EUR 4.5 million).
Net income amounted to EUR 0.3 million (EUR 3.4 million) and earnings per share amounted to EUR 0.05 (EUR 0.65). The company recorded a cash flow of EUR 2.0 million (EUR 2.3 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 September 2009 stood at EUR 5.6 million, compared to EUR 6.4 million at the end of 2008 and EUR 26.8 million at the end of last September. 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.
3rd quarter of 2009
Group revenue was down 8% to EUR 15.5 million (3rd quarter of 2008: EUR 16.7 million). Software revenue fell by 12% to EUR 3.5 million (EUR 4.0 million). Consulting revenue decreased by 6% to EUR 12.0 million compared to the previous year (EUR 12.7 million).
EBITDA fell to EUR 1.6 million (EUR 1.7 million), while EBIT improved to EUR 1.5 million (EUR 1.4 million). Net income amounted to EUR 0.9 million (EUR 1.3 million), corresponding to earnings per share of EUR 0.16 (EUR 0.25).
In view of the positive development of EBIT over the last couple of quarters, the Executive Board is cautiously optimistic and expects the overall economic situation at REALTECH AG to stabilize.
REALTECH will be publishing its quarterly report for Q3/2009 on November 5, 2009.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134
