realTech AG

ots Ad hoc-Service: realTech AG realTech's revenues up 67 per cent Strong growth in the first six months Figures impacted by investments and foreign subsidiary results

The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Walldorf (ots Ad hoc-Service) - realTech AG, an IT service provider offering technology consulting, software solutions and hosting, has increased revenues by 67 per cent in the first half of 2000. Revenues rose to Euro 20.3 million over Euro 12.2 million for the same period last year.

    Earnings before interest tax, depreciation and amortization (EBITDA) increased from Euro 1.8 million to Euro 2.7 million, up 47 per cent on the figure for the first half of 1999. In the same period, earnings before interest and tax (EBIT) decreased by 23 per cent from Euro 1.6 million to Euro 1.2 million. Income from the sale of realTech' s shareholding in IT-GO! GmbH is included in this figure.

    Sales of realTech's own high-margin software products have seen strong growth, Thanks to investment in the sales organization, marketing, research and development, revenues in this area rose to Euro 2.3 million, 325 per cent higher than for the same period last year. These sales now account for 11 per cent of total revenue.

    realTech has decided not to go ahead with the acquisition of US-based Zen&Art. The results of the due diligence study suggest that the potential risks outweigh the benefits and Zen&Art's asking price is therefore not appropriate.

    As a result of organic growth, realTech expects an increase in revenues from Euro 28.9 million in 1999 to Euro 42.4 million in fiscal 2000. Earnings projections for certain foreign-based subsidiaries have been corrected. realTech has stepped up investment in product development and has conducted extensive training programs in the key areas of SAP's and Customer Relationship Management (CRM) solutions. Against this background, the company expects to generate earnings before interest and tax (EBIT) of Euro 2.1 million in fiscal 2000.

    Cash in excess of Euro 35 milion and the investments currently being made put realTech in a strong position to tap the considerable potential of the markets it serves. These are technology consulting (SAP R/3,, software solutions, and hosting. realTech will keep to its expansion course, maintain profitability, and continue to grow faster than the market average.

    For more information, please contact realTech - Investor Relations - Tel. +49 6227-837-500 or visit our web site at

    End of message ----------------------------------------------------- Internet:

Original-Content von: realTech AG, übermittelt durch news aktuell

Weitere Meldungen: realTech AG

Das könnte Sie auch interessieren: