RealTech AG Reports Group Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Fiscal Year 2014
April 30, 2014 at 01:31 pm
RealTech AG recorded group revenue of EUR 8.4 million in the first quarter of 2014, which was 11 % lower than in the previous year (first quarter of 2013: EUR 9.5 million). Despite the decline in revenues, operating loss (LBIT), at EUR 1.0 million, was on a par with the previous year (LBIT of EUR 1.0 million). Net loss for the year improved slightly from EUR 1.2 million to EUR 1.1 million, corresponding to loss per share of EUR 0.21 compared to EUR 0.22 in first quarter of 2013.
At the same time, The company expects the group operating profit (LBIT) for the 2014 fiscal year to improve in the range from EUR 1.0 million to EUR 0.0 million.