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Thursday 19 February, 2009

RealDolmen

RealDolmen The Independent Single Source ICT So...





BRUSSELS, February 19 /PRNewswire/ --     Q3 trading updates

(For the nine month period from 1 April 2008 to 31 December 2008)

    
    Highlights

    - Continued revenue growth in Q3 (+2,1%)
    - Integration of acquisition continues in line with expectations, with
      synergies and benefits of a cost optimization program expected to come
      through in the next fiscal year
    - Convertible Bond buy backs in October and December improve net debt
      position by EUR10,6m and result in exceptional financial profit of 
      EUR9,8m
    - Strong cash balance at the quarter end
    - Share consolidation approved: 100 existing shares into one bundled
      share





Bruno Segers, Chief Executive Officer of RealDolmen, commented:

    "It was pleasing to see continued progress in the third quarter despite a
tougher economic environment. We saw revenue growth in each of the three
divisions, and we won new customers. The integration continues to progress
well, with benefits still expected to come through in the next financial
year, and beyond. Cash balances remain robust and we have taken steps to
improve our debt position.



    "As expected, our customer base has started to feel the effects of the
economic downturn in H2 and so we expect the lower level of growth seen in Q2
and Q3 to continue into a weaker Q4 compared to last year. However, we are
still confident that our strong market position, good spread of customers
across a number of sectors and strengthened product offering will enable us
to generate a small level of growth in revenue generation and maintain REBIT
margins for our fiscal year ending in March 2009."



About RealDolmen

    RealDolmen is an independent single source ICT solutions provider and
knowledge company with over 1900 highly skilled IT professionals and more
than 1000 customers in the Benelux and France. The company offers innovative,
effective and reliable ICT solutions and professional services designed to
help its clients achieve their objectives by optimizing their business
processes



    
    Enquiries:

    Bruno Segers
    CEO
    +32-3-290-23-13

    Thierry de Vries
    Secretary general
    +3-3-362-55-55
    Thierry.devries@realdolmen.com

    Financial Dynamics
    Juliet Clarke / Haya Chelhot / Emma Appleton
    +44-20-7831-3113
    http://www.realdolmen.com