DGAP-Adhoc: REALTECH AG: Provisional 9-month and quarterly figures for 2010

REALTECH AG  / Key word(s): Quarter Results

21.10.2010 13:20 

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*Group revenue changed from EUR 46.1 million to EUR 44.5 million
*Software revenue of EUR 8.3 million
*Consulting revenue of EUR 36.2 million
*9-month EBIT of EUR 1.1 million - Q3 EBIT of EUR 0.9 million
*Cash flow increased


Walldorf, October 21, 2010. REALTECH AG's Group revenue changed in the
first nine months of 2010 by 3% to EUR 44.5 million (first nine months of
2009: EUR 46.1 million). This included a 5% fall in software revenue to EUR
8.3 million (EUR 8.8 million). In consulting, revenue fell by 3% to EUR
36.2 million (EUR 37.3 million).

In contrast EBITDA (earnings before interest, tax, depreciation, and
amortization) increased to EUR 1.9 million (EUR 1.8 million) while EBIT
(earnings before interest and tax) fell to EUR 1.1 million (EUR 1.3
million).

Net income doubled to EUR 0.6 million (EUR 0.3 million) and earnings per
share therefore amounted to EUR 0.11 (EUR 0.05). The cash flow increased to
EUR 3.0 million (EUR 2.4 million).

As a result of the dividend of EUR 2.7 million distributed in the 2nd
quarter, net cash and cash equivalents at the end of September 2010 stood
at EUR 7.4 million, compared to EUR 7.3 million at the end of 2009 and EUR
5.6 million at the end of last September.

3rd quarter of 2010:
Group revenue of EUR 15.3 million was nearly on the same level as prior
year (3rd quarter of 2009: EUR 15.5 million). Software revenue fell by 21%
to EUR 2.8 million (EUR 3.5 million). In contrast Consulting revenue
increased by 5% to EUR 12.5 million compared to the previous year (EUR 12.0
million).

EBITDA fell to EUR 1.1 million (EUR 1.8 million) while EBIT decreased to
EUR 0.9 million (EUR 1.5 million). Net income amounted to EUR 0.3 million
(EUR 0.9 million), corresponding to earnings per share of EUR 0.06 (EUR
0.16).

This development confirms the forecast published on July 8th,, 2010, that
because of the short-term challenges in Spain and particularly the
structural difficulties in Italy and investments in the software sales
partnership with SAP, REALTECH's aim of increasing EBIT by more than 20% in
2010 and achieving moderate growth in revenues is unlikely to be achieved.

REALTECH will be publishing its quarterly report for Q3/2010 on November 4,
2010.


Contact person:
Volker Hensel
Investor Relations
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134
investors@realtech.com
www.realtech.com 


21.10.2010 13:20 DGAP's Distribution Services include Regulatory Announcements, 
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Language:     English
Company:      REALTECH AG
              Industriestraße 39c
              69190 Walldorf
              Deutschland
Phone:        +49 (0)6227 837-500
Fax:          +49 (0)6227 837 9134
E-mail:       investors@realtech.com
Internet:     www.realtech.com
ISIN:         DE0007008906
WKN:          700890
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Hamburg, München, Düsseldorf, Berlin, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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