· Group revenue up 12% to EUR 13.1 million
· Software business grows 8%
· Consulting revenue up 14%
· EBIT positive in comparison of first quarters for the first time since 2000
· Increased net cash and cash equivalents, reduced cash flow
Walldorf, April 28, 2006. REALTECH AG recorded revenue of EUR 13.1 million in the first quarter of 2006, 12% up on the figure for the previous year (first quarter of 2005: EUR 11.7 million). Software revenues increased by 8% compared with Q1/2005 to EUR 2.6 million (EUR 2.4 million). Revenues in the Consulting segment rose by 14% to EUR 10.5 million (EUR 9.3 million).
EBITDA (earnings before interest, tax, depreciation, and amortization) increased to EUR 0.7 million (minus EUR 0.2 million). EBIT increased to EUR 0.4 million (minus EUR 0.6 million), meaning that the comparison of first quarters has given rise to a positive result for the first time since 2000.
Net income amounted to EUR 0.1 million (minus EUR 0.4 million), corresponding to earnings per share of EUR 0.01 (minus EUR 0.08).
In the first three months of 2006, the company recorded a EUR 1.5 million cash flow from operating activities (EUR 2.7 million). At the end of March 2006, net cash and cash equivalents were EUR 27.4 million, compared to EUR 26.0 million at the end of 2005 and EUR 24.2 million at the end of March 2005.
REALTECH will be publishing its quarterly report for Q1/2006 on May 4, 2006.
REALTECH AG, 69190 Walldorf
Tel.: +49 6227 837 500
Fax: +49 6227 837 9134