Dassault Systemes 3DExcite GmbH
Realtime Technology AG: RTT continues to expand – Sales Growth of 47% in 2010
Realtime Technology AG / Key word(s): Half Year Results/Preliminary Results 21.04.2011 11:15 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Munich visualization expert continues to grow internationally RTT continues to expand - Sales Growth of 47% in 2010 Munich, April 21, 2011 - Realtime Technology AG (RTT) (ticker symbol: R1T) today announced its preliminary financial figures for the 2nd half of 2010 and 2010 in its entirety, illustrating that the growth experienced in previous years is continuing to build. According to initial consolidated figures, which include results from the company's subsidiaries, the revenues from the 2nd half of 2010 increased 32% to a total of 25.677 million euros (previous year: 19.403 million euros). The earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased 53% to 1.260 million euros (previous year: 2.679 million euros). 2010 year's revenues rose to a total of 49.930 million euros (previous year: 34.055 million euros). The EBITDA increased by 36% to 5.935 million euros (previous year: 4.357 million euros). Despite the lingering effects of the global financial crisis, RTT's efforts to offer clients more value along the entire value-added chain made a significant difference in 2010, with the provision of long-term, sustainable benefits and a wide range of innovative solutions forming the backbone to success. RTT's range of services was particularly sought-after in the automotive industry, but sectors such as the consumer goods industry are increasingly discovering the benefits of efficiency offered by visualization solutions. Additionally, RTT introduced another continent to its high-end visualization solutions with the establishment of an office in the emerging Brazilian market. This expansion assisted in growing RTT's business outside of Europe more rapidly than inside. Non-European business now represents one-third of total revenues (previous year: 28%). Mounting orders and the high-demand for RTT's services also resulted in a significant increase in staff throughout 2010. Internationally, RTT employs 490 people at 14 locations around the world. 'From a strategic point of view, RTT is very well positioned with Siemens Venture Capital to be able to launch additional corporate initiatives in the future. The current co-operative projects are beginning to show their initial results, which are very promising and paving the way for further development of our business strategy. The key goal and core motivation is and remains corporate growth - we are currently in a very productive phase and feel that our choice of strategy is being confirmed as the correct path,' comments Ludwig A. Fuchs, CEO and Co-Founder of RTT. The full Realtime Technology AG half-year report is available for download at http://investors.realtime-technology.com. About RTT RTT provides creative, fascinating 3D visualization solutions highlighting products realistically and enabling them to be experienced in realtime. The company assists customers throughout the entire life cycle of their products - from development, design and marketing to sales and distribution. The 3D data model from product development provides a working basis for all subsequent steps in the product life cycle, for example, creating rapid computer-generated, photorealistic product illustrations for marketing or a 3D online product configurator for the website. In so doing, RTT not only speeds up its customers' decision-making and development processes, but also opens up new avenues for them in sales and marketing. The company was founded in 1999 and has its head office in Munich. RTT has about 490 employees and 14 offices across the world. Well-known companies across the globe rely on the quality provided by RTT. Examples are Adidas, Airbus, Audi, BASF, BMW, Daimler, Electrolux, Eurocopter, Ferrari, General Motors, Harley-Davidson, Miele, Nissan, Porsche, Samsung, Sony Ericsson, The North Face, Toyota and Volkswagen. RTT AG is a listed public limited company (Xetra: R1T; WKN: 701220; ISIN: DE0007012205). Further information is available at www.rtt.ag. Press ContactsRTT AG Zeljka Skoko Manager PR & Investor Relations Rosenheimer Straße 145 D-81671 München Tel +49 (0)89 200 275 285 Fax +49 (0)89 200 275 200 E-Mail zeljka.skoko@rtt.ag Web www.rtt.ag Franco Public Relations Group Tina Kozak 400 Renaissance Center Suite 1000 Detroit, MI 48243 USA Tel +1 (313) 567-5044 E-Mail kozak@franco.com Website www.franco.com21.04.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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