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RIB Software AG (RIB) continues its strong growth – sales software licences increased by 54.8% in the first nine months

31.10.2016 - Corporate News

  • Operating EBIT* increased by 34.1% to € 11.0 million in the first nine months
  • Operating EBITDA* increased by 24.3% to € 17.9 million in the first nine months
  • Total sales rose by 23.6% to € 70.8 million in the first nine months

 

Stuttgart, 31 October 2016. RIB Software AG (ISIN DE000A0Z2XN6), leading in the world market in the sector 5D BIM End-to-End business solutions for the construction industry, announces its financial figures for the first nine months in 2016.

The RIB Group has continued the positive business trend seen in the first six months of 2016 and has achieved further high rates of growth in sales and earnings. Group sales increased during the first nine months by 23.6% to € 70.8 million (previous year: € 57.3 million). International sales increased by 17.4% to € 33.0 million (previous year: € 28.1 million), while sales in Germany saw a rise of 29.9% to € 37.8 million (previous year: € 29.1 million). Adjusted for acquisitions, total sales increased during the first nine months by 14.0% to € 65.1 million (previous year: € 57.1 million). We also achieved significant growth in sales of software licences of 54.8% (€ 19.2 million) (previous year: € 12.4 million).

The accrued maintenance sales increased by 15.8% from € 17.7 million to € 20.5 million, and are continuing to account for a large proportion of recurring sales. In total, recurring sales (maintenance and SaaS) increased by 12.3% to € 30.2 million (previous year: € 26.9 million). Sales in the iTWO reporting segment increased during the period under review by 23.8% to € 65.6 million (previous year: € 53.0 million).

The operating earnings before interest, taxes, depreciation and amortisation (operating EBITDA*) increased by 24.3% to € 17.9 million compared with the previous year (previous year: € 14.4 million). The operating earnings before taxes (operating EBT*) increased during the period under review by 32.9% to € 10.9 million (previous year: € 8.2 million). The PPA depreciations increased compared with the previous year from € 2.2 million to € 3.1 million (+40.9%) as a result of the acquisitions of Soft SA and SAA.

 

Consolidated figures - Overview

€ million unless otherwise indicated

3rd quarter 2016

3rd quarter 2015

change

9 months 2016

9 months 2015

change

Revenue

20.9

17.9

16.8%

70.8

57.3

23.6%

Software and SaaS/Cloud

7.3

6.2

17.7%

28.9

21.6

33.8%

Maintenance

7.0

5.8

20.7%

20.5

17.7

15.8%

Consulting

5.2

4.3

20.9%

16.2

13.7

18.2%

e-Commerce

1.4

1.7

-17.6%

5.2

4.3

20.9%

Operating EBITDA*

4.2

3.6

16.7%

17.9

14.4

24.3 %

as % of revenue

20.1%

20.1%

.

25.3%

25.1%

.

Operating EBIT*

1.9

1.4

35.7%

11.0

8.2

34.1%

as % of revenue

9.1%

7.8%

.

15.5%

14.3%

.

Write-downs from purchase price allocations (PPA amortisation)

1.0

0.8

25%

3.1

2.2

40.9%

Cash generated from operations

.

.

.

22.9

18.5

23.8%

Cash incl. available-for-sale securities**

.

.

.

166.1

177.0

-10.9

Equity ratio**

.

.

.

87.5%

86.3%

 

Average number of employees

.

.

.

762

660

15.5%

*  EBITDA and EBIT adjusted for currency effects (Q3 2016: 0.0; Q3 2015: +0.5) / (9M 2016: -0.9; 9M 2015: +0.5) and one-off and special effects (2016: 0.0; 2015: € +0.3 million)
** Previous year as of 31 December 2015

 

The complete Interim Report (January – September 2016) is available for download on the RIB Group website under investor relations.


The RIB Group

RIB Software AG is an innovator in construction business. The company creates, develops, and offers iTWO³ – new thinking, new working method and new technology - for construction projects across various industries worldwide. iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. Since its inception in 1961, RIB Software AG has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about 700 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.