Walldorf, April 22, 2004. REALTECH AG generated revenues of 11.9m in the first quarter of 2004, 12% down on the figures for the previous year (first quarter of 2003: 13.4m). Software revenues increased by 7% compared with Q1/2003 to 2.2m (2.0m). Revenues in the Consulting segment fell by 15% to 9.7m (11.4m).
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) decreased to 0.1m (0.6m). Income from operations (EBIT) fell to minus 0.5m (minus 0.2m).
Net income amount to minus 0.5m (minus 0.4m), equivalent to earnings per share of minus 0.11 (minus 0.08).
Cash flow from operating activities of 0.2m (2.9m) was generated in the first three months of 2004. Net cash and cash equivalents at the end of March 2004 amounted to 20.2m compared with 20.0m at the end of 2003 and 19.0m on the same date the previous year.
REALTECH will be publishing its quarterly report for Q1/2004 on May 6, 2004.
Contact person: Volker Hensel Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49.6227.837.500 Fax: +49.6227.837.9134
