Walldorf, October 24th, 2002. REALTECH AG has increased its revenues in the first 9 months of 2002 by 5% to Euro 43.1m (compared with Euro 41.0m in the first 9 months of 2001). Software revenues rose by 49% to Euro 6.1m (Euro 4.1m), while reve-nues in the area of technology consulting - at Euro 37.0m - are fairly similar to the previous year's level of Euro 36.9m. EBITDA (earnings before interest, taxes, depreciation, and amortization) reached Euro 3.3m (Euro 3.7m), while the operating income (EBIT) reached Euro 0.9m (Euro 1.1m). With earnings before taxes of Euro 1.3m (Euro 1.7m) and a net income of minus Euro 0.1m (Euro 0.3m), the earnings per share amount to minus Euro 0.02 (Euro 0.06). Cash flow from operating activities amounted to Euro 4.2m, compared to Euro 0.7m in the same period of the previous year. Net cash and cash equivalents are now Euro 16.8m, which constitutes a 7% improvement upon last year's figure.
3rd quarter of 2002: Revenues dropped slightly to Euro 13.9m (from Euro 14.5m in the third quarter of 2001). This includes a 25% rise in software revenues to Euro 2.1m (Euro 1.7m) and 7% fall in the area of technology consulting to Euro 11.8m (Euro 12.7m). EBITDA amounts to Euro 1.7m (Euro 2.0m), while EBIT totals to Euro 0.8m (Euro 1.1m). With earnings before taxes of Euro 1.0m (Euro 1.3m) and a net income of Euro 0.2m (Euro 0.6m), the earnings per share amount to Euro 0.04 (Euro 0.12).
REALTECH will be publishing its quarterly report for Q3/2002 on November 7th, 2002.
