RIB Software SE (RIB) announces the EBITDA-Guidance for FY 2018 of EUR 33 million to EUR 43 million and closes the 2nd Phase-II-contract in Q1 2018 by the RIB US/Australia team
Stuttgart, Germany, 16 March 2018. RIB Software SE, the world’s leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announces its EBITDA-Guidance for the FY 2018 of EUR 33 million to EUR 43 million and closed the 2nd Phase-II-contract in Q1 2018 by the RIB US/Australia team (in total the 4th Phase-II-contract in 2018 for the entire group).
New American/Australian Phase-II-deal closed. RIB was able to win the second iTWO 4.0 Phase-II-deal in the USA in Q1 2018 with a global leading property and infrastructure group with operations in Australia, Asia, Europe and the Americas. The deal was negotiated and closed by the RIB US/Australia team.
MTWO the No.1 vertical cloud is on track. RIB already won key business developer leaders as well as AI & cloud experts in the USA, China and Europe to join the Microsoft and RIB global vertical cloud initiative called MTWO Cloud. Microsoft MSP and reseller partner (Managed Service Provider) feedback for integrating the MTWO vertical cloud is well on track. Hackfest meetings with the topic AI and BI integration are scheduled monthly. First users are expected to be on the MTWO Platform in Q2 2018. Target is to invest heavily in 2018 and to increase cloud revenues significantly in 2019.
Based on the final estimated investments of EUR 6 million (EUR 3 million is expected to affect the EBITDA in FY 2018) in MTWO, the EBITDA-Guidance for RIB in 2018 is between EUR 33 million and EUR 43 million. The revenue-Guidance for FY 2018 amounts to EUR 117 million to EUR 127 million. 3 Phase-III signings in 2018 are required for reaching the higher end of the guidance.
RIB SE awarded from the MSG (Munich Strategy Group) as the best performing German midsize company under USD 1 billion revenue in 2017 out of 3,500 evaluated companies. In 2018 RIB SE is put in the “hall of fame” as the all-time No.1 in the 8 years ongoing competition.