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RIB Software AG (RSTA) continues to grow in the first 9 months 2015

Back30.10.2015

DGAP-News: RIB Software AG / Key word(s): 9-month figures

2015-10-30 / 08:05


30.10.2015

RIB Software AG (RSTA) continues to grow in the first 9 months 2015

- Total revenue increases by 35.8% to EUR 57.3 million

- iTWO Software & Cloud's revenues reach EUR 23.8 million (+81.7%)

Stuttgart, Germany, 30 October 2015. The RIB Group continued its positive business performance of the first half of 2015 in the third quarter and again realised high revenue growth rates. In the current financial year, 18 out of a total of 25 planned phase II / III deals have already been concluded to date. In the first nine months Group revenues went up 35.8% to EUR 57.3 million. The share of Group revenues realised abroad increased to 49.0% in the reporting period.

The iTWO 5D technology gained a lot of momentum in 2015 and the enterprises are now step by step realizing the massive investment needs to perform the innovation transformation process within their organizations. More and more governments, developers and investors are demanding the usage of 5D technology from their supply chain. Due to this development iTWO Software and Cloud revenues saw an increase of 81.7% to EUR 23.8 million. It was very pleasing to see that the demand for iTWO 5D increased by 50.0% to EUR6.6 million in the small and medium-sized companies segment (mass market).

The operating profit before interest, tax, depreciation and amortisation on tangible and intangible assets (operating EBITDA*) increased by 23.1% to EUR 14.4 million year-over-year. Despite the significant increase in the write-downs from the purchase price allocation (PPA) to a value of EUR 2.2 million (previous year: EUR 1.1 million), operating profit before tax (operating EBT*) went up 10.8% to EUR 8.2 million in the first nine months.

With the acquisition of 75% of SAA Software Engineering, Vienna, RIB is now standing on the brink of a fourth industrial revolution. In connection with iTWO 4.0, the first web-based industrial solution, characterised through a strong individualisation of products under the conditions of a highly flexible small series production - in the future there will be construction factories running "smart" fabrication of intelligent building elements through industrial robots receiving their production specifications directly from 5D Models.

By intelligently combining project and production processes, companies and entire value-creating networks can be controlled and optimised in real time in iTWO 4.0. This includes the intelligent management of procurement processes to deliver "just in time" construction products on the building site. To this end, we will launch the first independent B2B marketplace for Construction "xTWO market" in the first quarter 2016. Our goal is to expand xTWO market to the worldwide leading eCommerce platform for construction products.

 

Keyfigures

EUR million unless otherwise indicated3rd Quarter 20153rd Quarter 2014Change9 Months 20159 Months 2014Change
       
Group revenue17.915.118.5%57.342.235.8%
iTWO revenue7.25.530.9%23.813.181.7%
thereof iTWO Key Account0.91.7-47.1%3.73.023.3%
thereof iTWO Mass Market2.11.540.0%6.64.450.0%
thereof iTWO SaaS / Cloud4.22.382.6%13.55.7136.8%
EBITDA4.412.4-64.5%15.221.6-29.6%
as % of revenue24.6%82.1% 26.5%51.2% 
EBITDA (adjusted)*3.64.9-26.5%14.411.723.1%
as % of revenue20.1%32.5% 25.1%27.7% 
EBIT2.310.8-78.7%9.017.2-47.7%
as % of revenue12.8%71.5% 15.7%40.8% 
EBIT (adjusted)*1.43.3-57.6%8.27.410.8%
as % of revenue7.8%21.9% 14.3%17.5% 
Profit after tax1.58.4-82.1%6.213.5-54.1%
Amortization from purchase price allocation (PPA)0.80.560.0%2.21.1100.0%
Cash flow from operating activities   15.610.25.4
Cash flow from investing activities   -17.5-13.1-4.4
Cash flow from financing activities   37.044.3-7.3
Liquid funds and available-for-sale
securities**
   177.7137.928.9%
Equity ratio**   87.0%85.0% 
Average number of employees   66059011.9%
 

* 9M: EBITDA and EBIT adjusted by currency effects (2015: EUR +452 thousand; 2014: EUR +4,292 thousand) and one-off / special effects (2015: EUR +331 thousand; 2014: EUR +5,559 thousand)
* Q3: EBITDA and EBIT adjusted by currency effects (2015: EUR +519 thousand; 2014: EUR +4,096 thousand) and one-off / special effects (2015: EUR +331 thousand; 2014: EUR +3,443 thousand)
** Presentation of previous as of December 31, 2014

The complete Interim Report January - September 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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