RealTech AG Announces Earnings Results for the Second Quarter and First Half of 2014; Provides Earnings Guidance for the Fiscal Year 2014
For the second quarter of 2014, the group revenue decreased by 9% to EUR 8.5 million compared to EUR 9.4 million in the same period last year. This included a EUR 0.8 million decrease in consulting revenue to EUR 5.8 million. Operating profit (EBIT) in this quarter increased year-on-year from negative of EUR 1.8 million to negative of EUR 0.3 million. The net income for the year rose from negative EUR 1.9 million to negative of EUR 0.4 million, resulting in earnings per share of negative EUR 0.07 compared to negative of EUR 0.36 the previous year.
For the year, the board continues to anticipate being able to stabilize the Group's revenue from consulting and software for the year as a whole. At the same time, expect operating profit (EBIT) for the 2014 fiscal year to improve in the range from negative EUR 1.0 million to EUR 0.0 million.