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31.07.2017  

Operating EBITDA* increases by 43.1% in the second quarter

 

  • Sales increase by 10.6% in Q2 to € 27.1 million
  • Software licence revenues rise by 31.0% in Q2 2017 to € 9.3 million
  • Operating EBITDA* increases by 43.1% in Q2 2017 to € 9.3 million

Stuttgart, Germany, 31 July 2017. RIB Software SE (ISIN DE000A0Z2XN6), the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announces its financial figures for the second quarter of 2017.

In the second quarter of 2017, the RIB Group generated sales growth of 10.6%, achieving € 27.1 million (previous year: € 24.5 million), thereby making strong gains compared to the growth in sales in the first quarter of 2017. Software licence revenues increased by 31.0% in the second quarter of 2017 to € 9.3 million (previous year: € 7.1 million). The iTWO key account revenues increased by 152.4% in Q2 2017 to € 5.3 million (previous year: € 2.1 million).

The positive earnings performance of the first quarter continued through the second quarter. In the second quarter of 2017, the operating earnings before interest, taxes and amortisation on tangible fixed assets and intangible assets (operating EBITDA*) exceeded the previous year‘s figure by 43.1%, increasing to € 9.3 million (previous year: € 6.5 million). In the second quarter the operative EBT* increased by 46.3% to € 6.0 million (previous year: € 4.1 million).

Operating EBITDA* increases in the first half year by 81.6% to € 24.7 million

In the first half-year of 2017, the RIB Group registered improvements in practically every significant group key figures in comparison to the first six months of 2016. Sales within the group increased by 6.8% in the first half-year of 2017 to € 53.3 million (previous year: € 49.9 million). The international positioning of the RIB Group enabled sales to grow by 10.5% to € 28.3 million (previous year: € 25.6 million). The international share of sales amounted to 53.0%, compared to 51.3% in the same period of the previous year.

In the first six months the operating EBITDA* increased overproportionally compared to sales, rising in the first half-year by 81.6% to € 24.7 million compared to the same period of the previous year (previous year: € 13.6 million), corresponding to an operating EBITDA margin of 46.3% (previous year: 27.3%).

Consolidated Figures - Overview

in € millions, unless otherwise indicated

 

 

2nd quarter 2017

 

 

2nd quarter 2016

 

 

Change

 

 

6 months 2017

 

 

6 months 2016

 

 

Change

 

 

Revenues

 

 

27.1

 

 

24.5

 

 

10.6%

 

 

53.3

 

 

49.9

 

 

6.8%

 

 

Software licences

 

 

9.3

 

 

7.1

 

 

31.0%

 

 

15.8

 

 

14.8

 

 

6.8%

 

 

Software as a Service / Cloud

 

 

3.0

 

 

3.1

 

 

-3.2%

 

 

7.4

 

 

6.9

 

 

7.2%

 

 

Maintenance

 

 

7.8

 

 

6.8

 

 

14.7%

 

 

16.0

 

 

13.5

 

 

18.5%

 

 

Consulting

 

 

5.0

 

 

5.8

 

 

-13.8%

 

 

10.7

 

 

11.0

 

 

-2.7%

 

 

e-Commerce

 

 

1.9

 

 

1.7

 

 

11.8%

 

 

3.5

 

 

3.7

 

 

-5.4%

 

 

Operating EBITDA*

 

 

9.3

 

 

6.5

 

 

43.1%

 

 

24.7

 

 

13.6

 

 

81.6%

 

 

in % of net sales

 

 

34.3%

 

 

26.5 %

 

 

 

 

 

46.3%

 

 

27.3%

 

 

 

 

 

Operating EBT*

 

 

6.0

 

 

4.1

 

 

46.3%

 

 

17.8

 

 

9.0

 

 

97.8%

 

 

in % of net sales

 

 

22.1%

 

 

16.7%

 

 

 

 

 

33.4%

 

 

18.0 %

 

 

 

 

 

Write-downs from purchase price allocations (PPA)

 

 

0.9

 

 

1.0

 

 

-10.0%

 

 

1.8

 

 

2.1

 

 

-14.3%

 

 

Net cash flows from operating activities

 

 

 

 

 

 

 

 

 

 

 

24.8

 

 

11.6

 

 

113.8%

 

 

Cash incl. available-for-sale securities**

 

 

 

 

 

 

 

 

 

 

 

152.5

 

 

135.4

 

 

12.6%

 

 

Equity ratio**

 

 

 

 

 

 

 

 

 

 

 

80.0%

 

 

82.1%

 

 

 

 

 

Average number of employees

 

 

 

 

 

 

 

 

 

 

 

805

 

 

759

 

6.1%

 

 * EBITDA and EBT adjusted for currency effects (Q2 2017: € -0.1 million; Q2 2016: € +2.0 million) / (6M 2017: € -0.2 million; 6M 2016: € -0.9 million) and one-off/extraordinary effects (Q2 2017: € 0.0 million; Q2 2016: € 0.0 million) / (6M 2017: € +0.4 million; 6M 2016: € 0.0 million)

** Previous year’s figures shown as of 31.12.2016

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

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