REALTECH AG
REALTECH AG: Provisional half-year and quarterly figures for 2014
REALTECH AG / Key word(s): Half Year Results 22.07.2014 08:24 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Realignment improves earnings * Group revenue decreased by EUR 1.9 million * EBIT improved by EUR 1.5 million to minus EUR 1.3 million * Net income improved by EUR 1.6 million to minus EUR 1.5 million Walldorf, July 22, 2014. REALTECH is continuing to push ahead with its most extensive transformation since the company was founded and is consistently taking measures for realignment. Despite making many improvements, especially with regard to our cost structure, we have not yet achieved our goal. As a result, our reorganization measures continue to focus on strengthening sales and marketing in the long term as well as expanding the REALTECH portfolio in a structured manner, in line with customer requirements. In the first half of 2014, REALTECH AG recorded Group revenue of EUR 16.9 million, which was 10 % lower than in the previous year (first half of 2013: EUR 18.8 million). Consulting revenue alone decreased by EUR 1.7 million to EUR 11.5 million. This development can essentially be attributed to reorganization measures being taken in marketing, a major order that was not completed in the first half of the year in Japan as well as the consequences of the German consulting project terminated at the turn of the year. Revenues in the software segment decreased by EUR 0.2 million to EUR 5.4 million. At the same time, the measures that have been tactically implemented with a view to economic stabilization and realignment are bearing fruit: Operating profit (EBIT) has improved by EUR 1.5 million to minus EUR 1.3 million. Annual net income increased by EUR 1.6 million to minus EUR 1.5 million, corresponding to earnings per share of minus EUR 0.28 compared to minus EUR 0.58 in the first half of 2013. 2nd Quarter 2014: Group revenue decreased by 9 % to EUR 8.5 million (2nd quarter 2013: EUR 9.4 million). This included a EUR 0.8 million decrease in Consulting revenue to EUR 5.8 million. Software declined only slightly compared to the previous year and contributed EUR 2.7 million (EUR 2.8 million). Operating profit (EBIT) in this quarter increased year-on-year from minus EUR 1.8 million to minus EUR 0.3 million. The net income for the year rose from minus EUR 1.9 million to minus EUR 0.4 million, resulting in earnings per share of minus EUR 0.07 compared to minus EUR 0.36 the previous year. The Executive Board continues to anticipate being able to stabilize the REALTECH Group's revenue from consulting and software for the year as a whole. At the same time, we expect operating profit (EBIT) for the 2014 fiscal year to improve in the range from minus EUR 1.0 million to EUR 0.0 million. REALTECH will be publishing its quarterly report for Q2/2014 on August 7, 2014. Contact person: Manon Fischer Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49 6227 837 500 Fax: +49 6227 837 546 E-mail: investors@realtech.com 22.07.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: REALTECH AG Industriestraße 39c 69190 Walldorf Germany Phone: +49 (0)6227 837-500 Fax: +49 (0)6227 837 9134 E-mail: investors@realtech.com Internet: www.realtech.com ISIN: DE0007008906 WKN: 700890 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Berlin - Tradegate Exchange, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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