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RIB Software AG: : New record result achieved in financial year 2013

Back28.02.2014

RIB Software AG / Key word(s): Preliminary Results/Preliminary Results

28.02.2014 / 07:05


RIB Software AG: New record result achieved in financial year 2013 - turnover up 45.3%. Adjusted consolidated net profit (excluding FX effects) surpasses the EUR 10 million mark for the first time.

The technology group RIB announces unaudited, preliminary results for financial year 2013.

- Turnover grows 45.4% from EUR 39.2 million to EUR 57.0 million

- International turnover surges 193.8% from EUR 8.0 million to EUR 23.5 million

- Software as a service/cloud turnover climbs 139.3% from EUR 2.8 million to EUR 6.7 million

- Consolidated net profit (excluding FX effects) above the EUR 10,0 million mark for the first time at EUR 10.1 million

STUTTGART, 28 February 2014. Today, RIB Software AG (ISIN DE000A0Z2XN6), by its own account world market leader in the field of 5D BIG DATA end-to-end enterprise solutions for the construction industry, published preliminary figures for the financial year 2013.

According to the preliminary, unaudited figures, the turnover went up 45.4% from EUR 39.2 million to EUR 57.0 million. The international turnover surged 193.8% from EUR 8.0 million to EUR 23.5 million. Thus, the overseas share in the total turnover climbed to 41.2% in 2013 (prior year: 20.4%), reaffirming our internationalisation strategy. EBITDA grew 17.5% to EUR 18.8 million (prior year: EUR 16.0 million) and remained with 33% at over 30% of the turnover. Adjusted for currency effects, earnings after taxes increased 8.6% to EUR 10.1 million (prior year: EUR 9.3 million). Thanks to a total of seven phase II deals and one phase III deal and an extremely strong cloud turnover increase of 139.3% from EUR 2.8 million to EUR 6.7 million, the software and software as a service/cloud turnover grew 34.1% from EUR 17.0 million to EUR 22.8 million. Top enterprises such as Leighton Asia, Paul Y, Eiffage, McConnell Dowell, Deutsche Telekom, Köster and Heinz von Heiden were gained as phase II customers. The first phase III agreement in the company's history was concluded with the Finnish YIT Corporation, a leading European construction group, with a contract value of more than US$ 5,0 million.

Commenting on the extremely positive cloud turnover performance, CFO Michael Sauer says: "According to a survey conducted by the United Nations, the number of Internet users around the globe increased 11% to 2.3 billion in the year ended. Based on a construction share of 13.4% in the global GDP, we therefore postulate a global potential of several 100 million users for construction-specific Internet applications in the cloud. With our new iTWO 5D cloud platform, we want to further expand our market-leading position in the construction segment in this area."

Due to the highly successful fourth quarter of 2013 and a substantial year-on-year increase of software revenues by 45.7%, EBIT underwent a year-on-year growth of 36.8%. Especially two phase II deals contributed to this successful final quarter.

Owing to the great increase in software revenues, the turnover in the maintenance area went up 17.2% to EUR 19.1 million in the financial year 2013 (prior year: EUR 16.3 million). The service turnover increased 155.9% to EUR 15.1 million (prior year: EUR 5.9 million), mainly due to the first-time full consolidation of US COST.

In November 2013, RIB Software AG hosted the first iTWO World Conference in Hong Kong, with participants from 21 countries and four continents. By signing a manifesto, 65 visionaries from the construction industry, including leading construction and infrastructure enterprises from Australia, Austria, Turkey, Germany, the Near East, Singapore, Hong Kong, Malaysia, Finland and China declared that iTWO 5D represents a revolution in the construction industry. Says CEO Thomas Wolf: "By integrating the virtual construction process in the physical process, the iTWO technology revolutionises the construction sector in the 21st century. New technology necessitates new thinking and new working methods in order to transform the construction industry into the world's most progressive sector. Together with our technology partners, we are in the process of carrying the construction industry to a new level."

Under consideration of the continued strong base of cash and cash equivalents and freely available securities at the end of February 2014 amounting to more than EUR 100 million and market conditions comparable to those of 2013, we expect a turnover and earnings growth of more than 25% in 2014.
RIB Software AG will publish the Annual Report 2013 on Monday, 31 March. On this date, a telephone conference will be held at 11 a.m. (CET) for analysts and investors.

About RIB Group
With over 15,000 customers, the RIB Group based in Stuttgart is a global leading provider of BIM 5D BIG DATA end-to-end enterprise technology for the construction and real estate industry. Founded in 1961, RIB meanwhile holds a leading position in the global market. The world's largest construction companies, DOI (developers, owners and investors), public administration offices, architecture and engineering firms as well as large companies in the industrial and plant construction segment around the globe optimize their planning and construction processes with the aid of RIB software systems. The company is represented with its own branch offices in the EMEA, North America and APAC regions. Further information can be found at: www.rib-software.com.



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