RIB Software AG (RIB) continues its strong growth - Software licence revenue grows by 86.8% in Q2


DGAP-News: RIB Software AG / Key word(s): Half Year Results

2016-07-29 / 06:50
The issuer is solely responsible for the content of this announcement.

RIB Software AG (RIB) continues its strong growth - Software licence revenue grows by 86.8% in Q2

- Total revenue increased by 26.6% to EUR 49.9 million in the 1st half of the year

- Software licence revenue grows by 70.1% in the 1st half of the year

- Operating EBITDA* increased by 25.9% to EUR 13.6 million in the first 6 months of 2016

Stuttgart, 29 July 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 half of 2016.

Due to a successful first half of the year, the Group's revenue increased by 26.6% to EUR 49.9 million (previous year: EUR 39.4 million). International revenue increased by 31.3% to EUR 25.6 million (previous year: EUR 19.5 million). Revenue in Germany grew by 22.7% to EUR 24.3 million (previous year: EUR 19.8 million). Adjusted for acquisitions, overall sales grew by 15.7% to EUR 45.6 million during the first six months (previous year: EUR 39.4 million). Software licence revenue developed very positively and increased by 70.1% to EUR 14.8 million (previous year: EUR 8.7 million). This includes iTWO revenue of EUR 11.1 million (previous year: EUR 7.3 million). iTWO 5D's key account software revenues increased significantly by 78.6% to EUR 5.0 million (previous year: EUR 2.8 million). The iTWO software revenues in the mass market grew by 35.6% to EUR 6.1 million (previous year: EUR 4.5 million). In the xTWO (e-commerce) reporting segment, revenue increased by 42.3% to EUR 3.7 million (previous year: EUR 2.6 million) during the reporting period.

With an increase of 25.9%, the operating profit before interest, tax and depreciation (operating EBITDA*) rose in the first half of the year to EUR 13.6 million (previous year: EUR 10.8 million). Operating EBITDA* in the iTWO reporting segment increased by 30.4% to EUR 14.6 million (previous year: EUR 11.2 million) and the operating EBITDA margin rose during the reporting period to 31.7% (previous year: 30.4%). Despite high depreciation of the Purchase Price Allocation (PPA) in the amount of EUR 2.1 million (previous year: EUR 1.4 million) and start-up losses in the xTWO segment amounting to EUR -1.0 million rose the pre-tax operating profit (operating EBT*) in the first half of the year by 32.4% to EUR 9.0 million (previous year: EUR 6.8 million).

Consolidated figures - overview

EUR million unless otherwise indicated2nd quarter 20162nd quarter 2015change6 months 20166 months 2015change
Software licence7.13.886.8%14.88.770.1%
Software as a Service / Cloud3.13.03.3%
Operating EBITDA*
as % of revenue
Operating EBT*
as % of revenue
Profit after taxes3.42.070.0%4.64.8-4.2%
Write-downs from purchase price allocations (PPA amortisation)1.00.742.9%2.11.450.0%
Cash generated from operations 19.715.923.9%
Free Cash Flow
Cash incl. available-for-sale securities** 169.0177.0-4.5%
Equity ratio** 85.9%86.3% 
Average number of employees 75965116.6%

* EBITDA and EBT adjusted for currency effects (Q2 2016: +2.0; Q2 2015: 0.0) / (6M 2016: -0.9; 6M 2015: -0.1)
** Previous year as of 31 December 2015

The complete Interim Report (January - June 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.

2016-07-29 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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