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30.10.2017  

RIB Software SE with positive business development in the first 9 months of 2017 due to strong 3rd quarter

  • Revenue increases by 15.4% to € 81.7 million
  • Operating EBITDA* rises by 100.6% to € 35.9 million
  • Increase of EBITDA forecast

Stuttgart, Germany, 30 October 2017. RIB Software SE (ISIN DE000A0Z2XN6), the world’s leading provider of 5D BIM Big Data technology, today announces its financial figures for the first 9 months of 2017.

Due to a strong Q3 2017, the RIB Group's revenue and EBITDA for the first nine months of 2017 are significantly above the previous year's figures. Group revenue increased in the first nine months by 15.4% to € 81.7 million (previous year: € 70.8 million). International revenue rose by 31.5% to € 43.4 million (previous year: € 33.0 million). Revenue in the iTWO key account segment increased by 108.2% to € 12.7 million (previous year: € 6.1 million). The sale of software licenses also witnessed significant growth of 38.5% to € 26.6 million (previous year: € 19.2 million). Operating EBITDA* increased by  100.6% to € 35.9 million (previous year: € 17.9 million).

Further good growth opportunities for the RIB Group
In view of the sustainable trend towards the digital transformation of the construction industry, we continue to see good growth opportunities for the RIB Group, which are reflected in the successful development in the third quarter of 2017. In the first nine months of 2017, the RIB Group’s revenue and EBITDA are significantly above the previous year‘s figures. Based on a promising deal pipeline, we are currently assuming further Phase-II-deals in 2017, but with the uncertainty that these deals may shift to future periods in 2018. Due to the positive business development in the first nine months of 2017, the RIB Group concretises the revenue forecast for fiscal year 2017 to the upper third of the published guidance (€ 98 million to € 108 million) and increases the EBITDA forecast for fiscal year 2017 to a range from € 38 million to € 41 million (previous forecast: € 28 million to € 38 million).

Consolidated Figures - Overview

€ million unless otherwise indicated

 

 

3rd quarter 2017

 

 

3rd quarter 2016

 

 

change

 

 

9 months  2017

 

 

9 months 2016

 

 

change

 

 

Revenue

 

 

28.4

 

 

20.9

 

 

35.9%

 

 

81.7

 

 

70.8

 

 

15.4%

 

 

Software licenses

 

 

10.8

 

 

4.4

 

 

145.5%

 

 

26.6

 

 

19.2

 

 

38.5%

 

 

Software as a Service / Cloud

 

 

3.0

 

 

2.8

 

 

7.1%

 

 

10.4

 

 

9.7

 

 

7.2%

 

 

Maintenance

 

 

8.1

 

 

7.0

 

 

15.7%

 

 

24.0

 

 

20.5

 

 

17.1%

 

 

Consulting

 

 

4.6

 

 

5.2

 

 

-11.5%

 

 

15.2

 

 

16.2

 

 

-6.2%

 

 

e-Commerce

 

 

1.9

 

 

1.4

 

 

35.7%

 

 

5.4

 

 

5.2

 

 

3.8%

 

 

Operating EBITDA*

 

 

11.2

 

 

4.2

 

 

166.7%

 

 

35.9

 

 

17.9

 

 

100.6%

 

 

as % of revenue

 

 

39.4%

 

 

20.1 %

 

 

 

 

 

43.9%

 

 

25.3%

 

 

 

 

 

Operating EBT*

 

 

7.2

 

 

1.9

 

 

278.9%

 

 

25.0

 

 

10.9

 

 

129.4%

 

 

as % of revenue

 

 

25.4%

 

 

9.1 %

 

 

 

 

 

30.6%

 

 

15.4 %

 

 

 

 

 

Expenses from purchase price allocations (PPA amortisation)

 

 

0.9

 

 

1.0

 

 

-10.0%

 

 

2.7

 

 

3.1

 

 

-12.9%

 

 

Net cash flows from operating activities

 

 

 

 

 

 

 

 

 

 

 

25.3

 

 

13.3

 

 

90.2%

 

 

Cash incl. available-for-sale            securities**

 

 

 

 

 

 

 

 

 

 

 

148.3

 

 

135.4

 

 

9.5%

 

 

Equity ratio**

 

 

 

 

 

 

 

 

 

 

 

81.1%

 

 

82.1%

 

 

 

 

 

Average number of employees

 

 

 

 

 

 

 

 

 

 

 

815

 

 

762

 

7.0%

 * EBITDA and EBT adjusted for currency effects (9M 2017: € -0.2 million; 9M 2016: € -0.9 million) and one-off / special effects (9M 2017:   € +0.4 million; 9M 2016: € 0.0 million)

** Previous year as of 31 December 2016

The complete Interim Report (January – September 2017) is available for download on the RIB Group website under investor relations.

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