- Slight increase in Group revenue
- Consulting revenues up 3%
- Software business constant
- Income from operations down to minus EUR 0.4 million
- Further increase in net cash and cash equivalents
Walldorf, April 24, 2012.As described in the Outlook of the Group Management Report of December 31, 2011, in the current fiscal year REALTECH will be focusing in the Consulting segment on specifically strengthening its business organic growth and an optimized service portfolio. In 2011, REALTECH launched training measures in innovative and technological topic areas and is therefore in an excellent position to continue to generate attractive projects in the future. The company is now promoting international exchange and coordinated training more intensively than it had before.
In the software division, following investments in product development, the main focus is now on the sales and distribution activities resulting from the new partnership with SAP, with a view to achieving the planned revenues together. At the same time, REALTECH is expanding its geographic presence for product distribution through a new subsidiary in Copenhagen, REALTECH Nordic ApS, which was founded in January 2012. The aim of the software division is to intensify the international product business - both in new countries and at the existing international subsidiaries.
REALTECH AG recorded a Group revenue of EUR 9.4 million in the first quarter of 2012, which was slightly more than in the previous year (first quarter of 2011: EUR 9.3 million). Consulting revenues rose by 3% to EUR 6.4 million (EUR 6.2 million). Revenues in the software segment were EUR 3.1 million, as in the previous year.
As a result of investments in the future, income from operations (EBIT) decreased from minus EUR 0.1 million to minus EUR 0.4 million. Net income decreased accordingly from minus EUR 0.2 million to minus EUR 0.7 million, which corresponds to earnings per share of minus EUR 0.13 compared to minus EUR 0.04 in Q1/2011.
At the end of March 2012, net cash and cash equivalents increased to EUR 13.6 million compared to EUR 13.2 million at the end of 2011 and EUR 8.9 million at the end of March 2011.
The Executive Board continues to hold to its forecast and expects to achieve a Group revenue of EUR 45 million in fiscal year 2012, with an EBIT figure of EUR 3.7 million.
Please note: REALTECH System Consulting S. L. in Spain, which was sold at the end of June 2011, has been eliminated from the figures.
REALTECH will be publishing its quarterly report for Q1/2012 on May 3, 2012.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134
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