REALTECH AG Announces Earnings Results for the Third Quarter and Nine Months of 2014; Provides Earnings Guidance for the Full Year of 2014
For the third quarter, the company reported group revenue decreased by 10% compared with the same quarter of the previous year to EUR 8.5 million compared to EUR 9.4 million a year ago. Operating profit (EBIT) improved year-on-year from minus EUR 0.8 million to EUR 0.0 million and is thus not negative for the first time since fourth quarter of 2012. The net income rose from minus EUR 1.1 million to minus EUR 0.2 million, resulting in earnings per share of minus EUR 0.04 compared to minus EUR 0.20 the previous year.
The company continues to expect the operating profit (EBIT) for the fiscal year 2014 to improve in the range from minus EUR 1.0 million to EUR 0.0 million following minus EUR 6.5 million in the previous year.