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RIB Software AG (RSTA) with an increase in total revenue of 46.4%

Back30.04.2015

RIB Software AG / Key word(s): Interim Report

2015-04-30 / 07:30


30.04.2015

RIB Software AG (RSTA) with an increase in total revenue of 46.4%

RIB looks back on a successful first quarter with the conclusion of 7 Phase II deals and iTWO software revenue growth of 156.3%

Stuttgart, Germany, 30 April 2015. RIB Software AG looks back on a successful first quarter 2015. Due to the significant increase in international revenues (excluding the DACH Region - Germany, Austria and Switzerland), total revenue for the RIB Group grew by 46.4% to EUR 20.2 million (previous year: EUR 13.8 million). International revenue increased by 136.8% to EUR 9.0 million (previous year: EUR 3.8 million) while revenues in the DACH Region grew by 13% to EUR 11.3 million (previous year: EUR 10.0 million). The software license revenue with iTWO 5D witnessed a particularly significant increase of 156.3% to EUR 4.1 million (previous year: EUR 1.6 million). The increase was distributed equally between the German market (EUR +1.2 million) and the international markets (EUR +1.3 million). The Cloud and SaaS revenue with the iTWO platform increased to EUR 4.8 million (previous year: EUR 2.0 million). Software revenue on the whole grew by 90.2% to EUR 9.7 million (previous year: EUR 5.1 million).

Earnings after taxes reached EUR 2.8 million in the first three months (previous year: EUR 1.5 million). This is equivalent to an increase of 86.7%. EBITDA increased by 65.7% to EUR 5.8 million (previous year: EUR 3.5 million). The margin improved to 28.7% in comparison to the same quarter of the previous year. In the reporting period, R&D expenses primarily increased by 26.7% to EUR 1.9 million (previous year: EUR 1.5 million) due to the strengthening of our development team in the area of Cloud solutions.

In the first quarter, we were already able to conclude 7 of the planned 25 Phase II/III deals globally. This places us on track in respect of our annual goal of increasing the Phase II/III closings by 80%, and we hereby confirm our annual forecast for the financial year of increasing revenue to a bandwidth of between EUR 85.0 million and EUR 95.0 million and reaching an EBITDA of between EUR 29.0 million and EUR 36.0 million.


Keyfigures

EUR million unless otherwise indicated31.03.201531.03.2014Change
Revenue20.213.846.4%
thereof iTWO (Software & Cloud) revenues8.93.6147.2%
EBITDA
as % of revenue
5.8
28.7%
3.5
25.4%
65.7%
EBIT
as % of revenue
3.8
18.8%
2.1
15.2%
81.0%
EBT
as % of revenue
3.8
18.8%
2.1
15.2%
81.0%
Profit after tax2.81.586.7%
per share in EUR0.070.0475.0%
Cash flow from operating activities13.712.212.3%
Free cash flow11.69.917.2%
Liquid funds and available-for-sales securities*150.2137.98.9%
Equity ratio*83.1%85.0% 
Average number of employees6325809.0%
 

* Presentation of previous as of December 31, 2014

The complete Interim Report January - March 2015 is available for download on the RIB Group website under investor relations.

About RIB Group

RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ - new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world's first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.





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351043  2015-04-30 
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