RIB Software SE changed in Q4 2018 into a fast-growth revenue modus with 68% growth in software and cloud revenues and slightly exceeded the ambitious 2018 revenue forecast
Stuttgart, Germany, 14.02.2019. RIB Software SE (ISIN DE000A0Z2XN6), the world’s leading provider of iTWO 5D BIM Big Data technology, today announces its preliminary and unaudited financial figures for fiscal year 2018.
Based on very strong revenue growth of 56% in the fourth quarter of 2018, the RIB Group generated revenues of € 137 million in fiscal 2018, slightly above its own ambitious forecast of € 124-130 million. Despite the defined 24-month transformation investment period from iTWO 5D Desktop to the iTWO 4.0 cloud platform technology and without a Phase-III-deal, RIB was able to maintain a high operating EBITDA margin of 28% (adjusted by currency effects and one-off effects) in 2018 and thus exceeded most peers in the target range of its own forecast of 20-30%. Software and cloud revenues increased 68% in the fourth quarter compared to the fourth quarter of 2017. Consulting revenues increased 146% in the fourth quarter of 2018 compared to the fourth quarter of 2017, mainly organically.
Full year E-Commerce revenues increased by 24% to € 9 million and full year maintenance revenues increased by 18% to € 40 million. The high software and cloud growth rate of 68% in Q4 is partly based on acquisitions of technology and consulting companies in 2018. RIB invested for these acquisitions € 31.6 million Cash plus 680,000 of its own RIB shares in 2018. For future investments, RIB has a total group liquidity of € 238 million per end of fiscal year and 3.8 million treasury shares per February 2019.
The year 2018 was characterized by high investments into people, new technologies like AI, Cloud and Mobility, new initiatives with key players like Microsoft and new markets. The full year result is also based on strong investments in branding and marketing around the iTWO technology, such as iTWO World.
RIB expects that the fast revenue growth based on high profitability will continue in 2019 and become even stronger in the following years. In 2019, RIB will focus on increasing the signed iTWO and MTWO USER base from 3,000 to 30,000. RIB will also invest in parallel into supply chain solutions over the xYTWO platform technology to reach real estate and trading industries in the construction sector. As in 2018, RIB will also invest in new software modules and user bases for the MTWO platform as well as in digital transformation, Consulting and R&D capacities.
RIB is planning to send out an IR Report and will organize an Investor Day in Europe, US and Asia. Further information will follow in the coming weeks.
RIB Software SE will publish its final figures for the fiscal year 2018 as well as the guidance for the fiscal year 2019 on Friday, March 29, 2019.
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 1,200 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.