• Revenue EUR 34.6 million – up 17%
• Software business grows 28%
• Consulting revenue up 14%
• EBIT up 35% and net income up 68%
• Increase in cash flow
• Intensified investments in software
Walldorf, July 23, 2008. REALTECH AG’s revenue increased in the 1st half of 2008 by 17% to EUR 34.6 million (1st half of 2007: EUR 29.7 million). This included a 28% increase in software revenue to EUR 7.5 million (EUR 5.9 million) and a 14% increase in consulting revenue to EUR 27.1 million (EUR 23.8 million).
EBITDA (earnings before interest, tax, depreciation, and amortization) increased by 32% to EUR 3.5 million (EUR 2.7 million) while EBIT (earnings before interest and tax) climbed 35% to EUR 3.1 million (EUR 2.3 million).
Net income increased by 68% to EUR 2.1 million (EUR 1.3 million) and earnings per share to EUR 0.40 (EUR 0.24). The company recorded a cash flow of EUR 2.7 million (EUR 1.7 million). As a result of the dividend of EUR 2.6 million distributed in the 2nd quarter, net cash and cash equivalents at the end of June 2008 stood at EUR 28.0 million, compared to EUR 28.1 million at the end of 2007 and EUR 27.1 million at the end of last June.
2nd quarter of 2008:
Revenue increased 17% to EUR 18.1 million (2nd quarter of 2007: EUR 15.5 million). Software revenue increased by 34% to EUR 4.2 million (EUR 3.1 million). At EUR 14.0 million, consulting revenue was 13% up on the previous year’s figure (EUR 12.4 million).
EBITDA increased to EUR 2.2 million (EUR 1.7 million), while EBIT increased to EUR 2.0 million (EUR 1.5 million). Net income increased to EUR 1.5 million (EUR 0.9 million), corresponding to earnings per share of EUR 0.28 (EUR 0.18).
REALTECH made use of its excellent business and financial situation in the first half of the year 2008 in order to intensify its investments in the organic expansion of its software portfolio.
The report on the 2nd quarter of 2008 will be published on August 7, 2008.
Contact:
Volker Hensel
Investor Relations
REALTECH AG
69190 Walldorf
Tel.: +49.6227.837.500
Fax: +49.6227.837.9134