RIB Software AG (RIB) starts with strong revenue in the first quarter 2016 - Group revenue increased by 25.2%


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

2016-04-29 / 07:30
The issuer is solely responsible for the content of this announcement.


RIB Software AG (RIB) starts with strong revenue in the first quarter 2016 - Group revenue increased by 25.2%

- Group revenue increased by 25.2% to EUR 25.3 million in the first quarter

- Software licence revenue grows by 54.0%

- e-Commerce revenues up 90.9%

- Operating EBITDA* increased by 22.4% to EUR 7.1 million, with an operating EBITDA Margin
of 28.1%

Stuttgart, Germany, 29 April 2016. RIB Software AG (ISIN DE000A0Z2XN6), leading in the world market in the sector 5D BIM End-to-End business solutions for the construction industry, announces its financial figures for the 1st quarter 2016.

Due to a successful first quarter, total revenue of the RIB Group increased by 25.2% to EUR 25.3 million (previous year: EUR 20.2 million). In Germany revenue increased by 15.4% to EUR 12.0 million (previous year: EUR 10.4 million). Especially international revenue developed positively and increased by 36.7% to EUR 13.4 million (previous year: EUR 9.8 million). Software licence revenue increased by 54.0% to EUR 7.7 million (previous year EUR 5.0 million). This includes iTWO revenue of EUR 5.7 million (previous year: EUR 4.1 million). iTWO 5D's key account software revenues also developed positively and increased by 70.6% to EUR 2.9 million (previous year: EUR 1.7 million). iTWO's software revenue in the mass market increased to EUR 2.8 million (+16.7%).

The operating profit before interest, tax, depreciation and amortisation on tangible and intangible assets (operating EBITDA*) increased by 22.4% to EUR 7.1 million (previous year: EUR 5.8 million) year-over-year. Despite the significant increase in the write-downs from the purchase price allocation (PPA) to a value of EUR 1.0 million (previous year: EUR 0.7 million) and start-up losses in the xTWO segment of EUR -0.5 million, operating profit before tax (operating EBT*) went up 25.6% to EUR 4.9 million (previous year: EUR 3.9 million) in the first quarter. Due to balance sheet foreign currency expenses from cash and cash equivalents of EUR 2.9 million, earnings before taxes decreased from EUR 3.8 million to EUR 2.0 million.


Consolidated Figures - Overview

EUR million unless otherwise indicated1st quarter 20161st quarter 2015Change
Software licence and SaaS / cloud11.48.632.6%
Operating EBITDA*7.15.822.4%
as % of revenue28.1%28.7% 
Operating EBT*4.93.925.6%
as % of revenue19.4%19.3% 
Write-downs from purchase price allocations (PPA amortisation)1.00.742.9%
Cash flow from operating activities11.213.7-18.2%
Free cash flow11.411.6-1.7%
Cash incl. available-for-sale securities**182.4177.03.1%
Equity ratio**84.7%86.3% 
Average number of employees74163217.2%

* EBITDA and EBT adjusted for currency effects (Q1 2016: -2.9; Q1 2015: -0.1)
** Previous year as of 31 December 2015

The complete Interim Report January - March 2016 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.


2016-04-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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