RIB Group announces preliminary financial figures for the 4th quarter and financial year 2014: iTWO software revenues increase by 62.5%


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

2015-02-18 / 07:15

RIB Group announces preliminary financial figures for the 4th quarter and financial year 2014: iTWO software revenues increase by 62.5%

- Sales up 22.8% to EUR 70.0 million

- iTWO software revenues up 62.5% to EUR 28.6 million

- Pre-tax profit up 122.3% to EUR 28.9 million

- Operating pre-tax profit (ex FX and one-off effects: EUR 9.7 million) up 51.2% to EUR 19.2 million (previous year: EUR 12.7 million)

- EBITDA grew by 87.8% to EUR 35.3 million - EBITDA margin reaches 50.4%

STUTTGART, GERMANY, 18 February 2015. RIB Software AG (ISIN DE000A0Z2XN6), market-leader in 5D BIM end-to-end enterprise solutions for construction business, announces its preliminary financial figures for the 4th quarter and financial year 2014.

Net sales increased by 22.8% from EUR 57.0 million to EUR 70.0 million based on preliminary, unaudited figures. iTWO software revenues increased significantly by 62.5% to EUR 28.6 million (previous year: EUR 17.6 million) through the planned strong growth of Phase II/III iTWO deals by 80% to 14 (previous year: 8). iTWO cloud components accounted for EUR 9.4 million (+ 40.3% on the previous year). Maintenance revenues increased by 13.6% to EUR 21.7 million (previous year: EUR 19.1 million). Thus recurring revenues (maintenance + cloud) amounted to 44.4% of the total revenues of EUR 70.0 million. Consulting revenues rose marginally by 4.6% on the previous year to EUR 15.8 million. The EBITDA grew disproportionately to revenues by 87.8% to EUR 35.3 million (previous year: EUR 18.8 million). Thus the EBITDA margin reached 50.4%. The operating result EBITDA grew by 39.1% from EUR 18.4 million to EUR 25.6 million. As a consequence, the operating EBITDA margin rose to 36.6%. The operating pre-tax profit adjusted by FX effects (+ EUR 3.7 million) and other special effects (+ EUR 6.0 million) also increased significantly by 51.2% to EUR 19.3 million (previous year: EUR 12.7 million).

RIB ended an exceptional year with a very successful 4th quarter. The revenues in the 4th quarter increased by 79.4% to EUR 27.8 million (previous year: EUR 15.5 million). In particular the strong growth of iTWO software revenues by 229.8% from EUR 4.7 million to EUR 15.5 million made for the best quarter the company has ever seen. Profits also improved significantly in the 4th quarter. The pre-tax profit adjusted for special effects increased by 210.5% to EUR 11.8 million (previous year: EUR 3.8 million) in the 4th quarter.

RIB Software AG was added to the TecDAX index in September 2014 and has been listed there since 22 September. Inclusion in TecDAX was made possible through excellent performance in recent years and it reflects the positive development of RIB.

RIB Software AG will publish its 2014 Annual Report on Tuesday 31 March. A conference call for analysts and investors will be held at 11:00 CET on the same day.

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 model-based construction, 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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