RIB Group announces its financial figures for the year 2016

April 1, 2017 - Corporate News

Strong increase in revenues and operating EBITDA

    • Group revenues increase by 19.2% up to EUR 97.9 million

 

    • International revenues increase disproportionally compared with total revenues by 21.5% to EUR 46.9 million

 

    • iTWO key account revenue up 73.4% to EUR 11.1 million

 

    • Software licence revenues grow 43.8% to EUR 28.9 million

 

    • Operating EBITDA* increases by 57.9% to EUR 33.0 million

 

    • Cash flow from operating activities rise EUR 32.1 million up to EUR 51.5 million (previous year: EUR 19.4 million)

 

Stuttgart, Germany, 31 March 2017. RIB Software AG (ISIN DE000A0Z2XN6), the world’s leading provider of 5D BIM Big Data technology for the construction industry, today announces its financial figures for the fiscal year 2016.

Total revenues increased by 19.2% from EUR 82.1 million to EUR 97.9 million in fiscal year 2016. Software licence revenues increased by 43.8% to EUR 28.9 million (previous year: EUR 20.1 million). In the key account area, the software revenue with iTWO increased by 73.4% to EUR 11.1 million (previous year EUR 6.4 million). In the mass market, the software sales with iTWO increased by 16.3% to EUR 11.4 million (previous year: EUR 9.8 million). The operating EBITDA* increased by 57.9% to EUR 33.0 million (previous year: EUR 20.9 million). The operating EBITDA margin reached 33.7% (previous year: 25.5%). The operating cash flow of EUR 51.5 million was significantly (EUR 32.1 million) above the previous year (EUR 19.4 million).

In recent years, from 2011 to 2016, our iTWO community and iTWO brand have reached a high level. For the new five-year-plan from 2017 to 2021, and the years thereafter until 2026, the outlook is positive throughout. Governments worldwide, the IT industry and clients are discovering the benefits of integrating two (iTWO) worlds, the virtual into the physical. iTWO stands for this MR (Mixed Reality) process in the construction industry. For 2017 RIB Group expects, assuming otherwise stable framework conditions in the market, revenues between EUR 98 million and EUR 108 million and an EBITDA between EUR 28 million and EUR 38 million.

 

CONSOLIDATED FIGURES – OVERVIEW


EUR million unless otherwise indicated
2016 2015 ∆ in % Q4 2016 Q4 2015 ∆ in %
Revenue 97.9 82.1 19.2% 27.1 24.8 9.3%
Software licenses 28.9 20.1 43.8% 9.6 7.7 24.7%
Software as a Service / Cloud 12.5 12.0 4.2% 2.8 2.7 3.7%
Maintenance 27.1 23.8 13.9% 6.7 6.1 9.8%
Consulting 22.7 20.0 13.5% 6.5 6.3 3.2%
e-commerce 6.6 6.2 6.5% 1.5 1.9 -21.1%
Operating EBITDA* 33.0 20.9 57.9% 15.2 6.5 133.8%
as % of revenue 33.7% 25.5%   56.1% 26.2%  
Operating EBT* 23.2 12.4 87.1% 12.5 4.2 197.6%
as % of revenue 23.7% 15.1%   46.1% 16.9%  
Consolidated net profit of the year 14.4 10.5 37.1% 8.7 4.3 102.3%
Cash flow from operating activities 51.5 19.4 165.5%      
Average number of employees 765 680 12.5%      
Liquid funds and available-for-sale securities 135.4 177.0 -23.5%      
Equity ratio 82.1% 86.3%      



The complete Annual Report 2016 is available for download on the RIB Group website under investor relations.

* EBITDA and EBT adjusted by: Currency effects (2016: -0.4; 2015: +3.8) and one-off / special effects (2016: +0.1; 2015: +0.2).

About RIB

RIB Software SE is an innovator in construction business. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in iTWO³ – new thinking, new work and new technology – to enhance construction productivity, and to transform the global construction industry into the most advanced and digitalized industry in the 21st century. RIB iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction, real-estate and industrial business.

RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With about over 1,000 talents in over 30 offices worldwide, RIB is serving 100,000 users including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.

© 2017 RIB Software SE