RIB Group announces preliminary financial figures for the 4th quarter and financial year 2014: iTWO software revenues increase by 62.5%

February 18, 2015 - Corporate News

STUTTGART, GERMANY, 18 February 2015. RIB Software AG (ISIN DE000A0Z2XN6), market-leader in 5D BIM end-to-end enterprise solutions for construction business, announces its preliminary financial figures for the 4th quarter and financial year 2014. 

Net sales increased by 22.8% from € 57.0 million to € 70.0 million based on preliminary, unaudited figures. iTWO software revenues increased significantly by 62.5% to € 28.6 million (previous year: € 17.6 million) through the planned strong growth of Phase II/III iTWO deals by 80% to 14 (previous year: 8). iTWO cloud components accounted for € 9.4 million (+ 40.3% on the previous year). Maintenance revenues increased by 13.6% to € 21.7 million (previous year: € 19.1 million). Thus recurring revenues (maintenance + cloud) amounted to 44.4% of the total revenues of € 70.0 million. Consulting revenues rose marginally by 4.6% on the previous year to € 15.8 million. The EBITDA grew disproportionately to revenues by 87.8% to € 35.3 million (previous year: € 18.8 million). Thus the EBITDA margin reached 50.4%. The operating result EBITDA grew by 39.1% from € 18.4 million to € 25.6 million. As a consequence, the operating EBITDA margin rose to 36.6%. The operating pre-tax profit adjusted by FX effects (+ € 3.7 million) and other special effects (+ € 6.0 million) also increased significantly by 51.2% to € 19.3 million (previous year: € 12.7 million). 

RIB ended an exceptional year with a very successful 4th quarter. The revenues in the 4th quarter increased by 79.4% to € 27.8 million (previous year: € 15.5 million). In particular the strong growth of iTWO software revenues by 229.8% from € 4.7 million to € 15.5 million made for the best quarter the company has ever seen. Profits also improved significantly in the 4th quarter. The pre-tax profit adjusted for special effects increased by 210.5% to € 11.8 million (previous year: € 3.8 million) in the 4th quarter. 

RIB Software AG was added to the TecDAX index in September 2014 and has been listed there since 22 September. Inclusion in TecDAX was made possible through excellent performance in recent years and it reflects the positive development of RIB.

 

RIB Software AG will publish its 2014 Annual Report on Tuesday 31 March. A conference call for analysts and investors will be held at 11:00 CET on the same day.

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