RIB Software SE (RIB) signs a Phase-III-contract (No. 19 / 2019) with SWIETELSKY // Guidance raised with respect to Revenue and operating EBITDA
Stuttgart, Germany, 13 September 2019. RIB Software SE, the world’s leading provider of iTWO 4.0 Cloud Enterprise Platform Technology for the construction industry, today announced the conclusion of a Phase-III-contract with SWIETELSKY. On the basis of this and the business development to date in the 2019 financial year, RIB Software SE has raised its Revenue Guidance from € 200 million - € 220 million to € 210 million - € 225 million. At the same time, RIB has raised its operating EBITDA Guidance from € 45 million - € 50 million to € 46 million - € 52 million.
With a workforce of around 10,000 employees, SWIETELSKY Baugesellschaft m.b.H. is today among the foremost companies in the Austrian construction industry. The company is headquartered in Linz and has further branches and subsidiaries in Austria and the surrounding neighbouring countries. In the 2018/19 financial year, a construction output of 2.8 billion euros was achieved, primarily in the areas of railway infrastructure, structural/civil engineering and road construction.
“We have decided to enter the strategic partnership with RIB because we are convinced that the iTWO technology offers great potential for further optimizing our business processes in the execution of our construction projects through its consistent and model-oriented approach. We are looking forward to working with RIB and with the iTWO technology we see ourselves in an excellent position to meet the digital requirements of construction companies even better in the future”, says Peter Gal, member of the Management Board at SWIETELSKY.
Michael Sauer, Executive Board Member of RIB Group: “With iTWO, we were able to convince another Austrian construction group of the efficiency of our technology. In the age of digitalization, we consider the use of new, innovative technologies to be indispensable for construction companies in order to be able to compete successfully in the market in the future. With SWIETELSKY, we are pleased to have won a customer who has the same visions about the future of construction as we do.”
About RIB Group
RIB Software SE is an innovator in building and construction industry. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB’s flagship cloud-based platform, provides the world’s first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and brining in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 1,400 talents in more than 30 locations worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.