- Revenue up 17% to EUR 63.8 million
- 22% increase in software solutions
- Consulting expanded by 16%
- EBIT up 77% to EUR 6.6 million
- Net income more than doubled
- Dividend of 50 euro-cents planned
Walldorf, February 15, 2008. According to provisional figures, the REALTECH Group's revenue in fiscal year 2007 rose 17% to the record figure of EUR 63.8 million (2006: EUR 54.4 million). This consisted of an increase of 22% to EUR 14.0 million (EUR 11.4 million) in REALTECH's revenues from software solutions and a 16% increase in the consulting business area to EUR 49.8 million (EUR 43.0 million).
Income from operations was also higher than ever before in REALTECH's history. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 49% to EUR 7.6 million (EUR 5.1 million), while a 77% increase to EUR 6.6 million (EUR 3.7 million) was recorded for EBIT. The main factor involved in this great development was that both business areas - consulting and software - each made a positive contribution towards earnings. All four quarters of fiscal year 2007 were profitable.
Net income, at EUR 4.6 million, was more than doubled compared to the previous year (EUR 1.9 million), as were earnings per share at EUR 0.87 (EUR 0.37). Net cash and cash equivalents increased slightly year on year to EUR 28.1 million (from EUR 28.0 million the year before), despite the EUR 2.6 million of profits (50 euro-cents per share) distributed in May 2007. Cash flow increased by 80% to EUR 4.3 million (EUR 2.4 million).
4th quarter of 2007:
The 4th quarter was more profitable than all previous quarters, with revenues increasing by 15% to EUR 18.1 million in comparison to the previous year (Q4/2006: EUR 15.7 million). This included a 20% increase in software revenues to EUR 4.5 million (EUR 3.8 million), and a 14% increase to EUR 13.6 million (EUR 11.9 million) in the area of consulting.
EBITDA increased to EUR 3.3 million (EUR 2.1 million), while EBIT increased to EUR 3.0 million (EUR 1.7 million).
Net income increased to EUR 2.5 million (EUR 1.0 million), corresponding to earnings per share of EUR 0.47 (EUR 0.18).
At the General Meeting, scheduled to be held in Wiesloch on May 29, 2008, the Executive and Supervisory Boards of REALTECH AG will propose distributing a dividend of 50 euro-cents per share for the net profit recorded for fiscal year 2007. The two committees made this decision on February 11, 2008. For the REALTECH Group, this means that retained earnings following profit distribution will amount to a total of EUR 4.6 million.
REALTECH will be publishing its final consolidated financial statements for 2007 on March 27, 2008.