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RELATECH® PRESS RELEASE RELATECH : IN THE 1st QUARTER , REVENUES INCREASED BY 40 % • Consolidated sales revenues of Euro 5.6 million • Foreign revenues up by 16 % • Recurring revenues equal to 27,3 % ( up by 47 % ) • Operating Net Financial Position of approximately Euro 1.95 million ( cash ) with cash liquidity of approximately Euro 7.38 million Milan , 22 April 2021 Relatech S.p.A. , Digital Enabler Solution Knowledge ( D.E.S.K. ) Company and innovative SME listed on AIM Italia market ( Ticker : RLT ) , announces that , today , the Company's Board of Directors , meeting with an audio conference system , has examined certain consolidated economic and financial management data , not subject to auditing , as 31 March 2021 . REVENUES ANALYSIS The economic - financial data of the group show Sales Revenues in the first quarter of 2021 at approximately Euro 5.6 million , an increase of 40 % compared to Euro 4 million as March 31 , 2020 . The share of recurring revenues amounts to approximately Euro 1.5 million , up by 47 % compared to Euro 1.04 million as March 31 , 2020 and is equal to 27.3 % of Sales Revenues . The share of revenues from foreign customers also increased by 16 % . CASH FLOW ANALYSIS FOR THE PERIOD The consolidated operating Net Financial Position as 31 March 2021 shows a positive net liquidity of approximately Euro 1.95 million with cash liquidity of approximately Euro 7.38 million , compared to a Net Financial Position as 31 December 2020 equal to Euro 2.46 million . The Net Financial Position , calculated in accordance with the application of IFRS 9 , due to the inclusion of the induced adjustments of the option rights for the purchase of the remaining shares of the subsidiaries estimated at Euro 2.41 million , is negative for Euro 0.46 million .