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ots Ad hoc-Service: realTech AG
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Walldorf (ots Ad hoc-Service) -
Provisional annual figures for 2000: . REALTECH increases provisional revenue . Planned EBIT almost attained REALTECH becomes the first "Global Alliance Partner Support" for mySAP.com worldwide
According to provisional figures,REALTECH AG has increased its revenue in the fiscal year by 56% to EUR 45.2m (from EUR 28.9m in 1999), thus exceeding original planned sales of EUR 42.4m. The area that displayed the most rapid revenue growth was software, where a revenue of EUR 5.7m was achieved - more than three times the figure of EUR 1,8m from the previous year. The area of consulting also grew rapidly, increasing by 46% to EUR 39.5m (from EUR 27.1m in 1999).
Despite rapid growth and extensive investments, REALTECH has achieved provisional earnings before interest and tax (EBIT) of EUR 2.0m (compared to EUR 4.0m in 1999), thus almost attaining the planned EBIT of EUR 2.1m. The provisional earnings before interest, tax and depreciation (EBITDA) is EUR 5.0m - approximately the same as in the previous year (EUR 5.1m in 1999). Despite a positive net interest income, the after tax result for the year is expected to be minus EUR 0.9m due to a write-down (adjustment to stock market value) of the investment in InterClubNet Ltd. of EUR 2.4m and income tax expenses (compared to a net income of EUR 2.2m in 1999).
REALTECH achieved a provisional revenue of EUR 13.5m for the fourth quarter of 2000 (compared to EUR 9.2m in 1999) - EUR 2.0m of which comes from software (EUR 0.9m in 1999) - which is the highest quarterly revenue that the company has achieved since it was founded. The provisional earnings before interest and tax for this quarter was 220% higher than in third quarter of 2000, thus continuing the positive trend that began in the summer of 2000.
REALTECH AG has further expanded its strategic cooperation with SAP AG. In doing this, REALTECH aims to provide companies all over the world with support in implementing and operating mySAP applications. The agreement, which is provisionally valid until 2003, includes fixed delivery quotas for support and technical consultancy.
This cooperation entails REALTECH , as "Global Alliance Partner Support", teaming up with SAP AG to prepare, accompany and validate the technological implementation of mySAP solutions. This partnership will focus in particular on Customer Relationship Management and Business Intelligence mySAP solutions.
"Global Alliance Partner Support" is the highest level of SAP support partnership and requires high commitment and large investments in resources for joint support. SAP expects increased demand for technical consultancy throughout the entire implementation cycle - particularly in the markets of Europe, the Middle East, Africa and the USA.
REALTECH is scheduled to publish the final consolidated financial statements for the fiscal year 2000 on 30 March 2001.
If you have any questions related to this report, the REALTECH management board - represented by Daniele Di Croce, Rainer Schmidt and Roland Weishaupt - will be available to answer them between 10.00 and 12.00 this morning under the following number: +49 6227-837-500.
Contact person: Volker Hensel Manager Investor Relations REALTECH AG, 69190 Walldorf Tel.: +49 6227-837-500 Fax: +49 6227-837-292
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