First quarter shows operating EBITDA growth by 115.5%
Stuttgart, Germany, 28 April 2017. RIB Software SE (ISIN DE000A0Z2XN6), the world’s leading provider of 5D BIM Big Data technology for the construction industry, announces today its financial figures for the first quarter of 2017.
Despite a very strong prior-year quarter Q1 2016, the RIB Group was able to achieve rates of growth in sales and earnings. Even though there were recognized two very large Phase II orders in the amount of EUR 2.9 million in the Key Account segment in the first quarter of 2016, the software licence sales amounted to EUR 6.5 million, only EUR 1.2 million below the previous year. This is mainly due to a gratifying growth in software licence sales in the Mass Market, which rose by 39.3% to EUR 3.9 million (previous year: EUR 2.8 million). The figures in Q1 2017 announced Phase III Deal will be recognized as revenue in Q2 2017.
The accrued maintenance sales increased by 22.7% to EUR 8.1 million (previous year: EUR 6.6 million) and are continuing to account for a large proportion of recurring sales. In total, recurring sales (maintenance and SaaS) rose by 19.2% to EUR 12.4 million (previous year: EUR 10.4 million). Sales of the consulting services increased by 9.6% to EUR 5.7 million (previous year: EUR 5.2 million).
The operating earnings before interest, taxes, depreciation and amortisation (operating EBITDA*) increased by 115.5% to EUR 15.3 million compared with the previous year (previous year: EUR 7.1 million). The operating EBITDA-margin amounted to 58.4% (previous year: 28.1%). The operating earnings before taxes (operating EBT*) rose during the reporting period by 140.8% to EUR 11.8 million (previous year: EUR 4.9 million). The main reason for that is the sale of software licences to the joint venture YTWO in the amount of EUR 7.6 million.
Consolidated Figures – Overview
* EBITDA and EBT adjusted for currency effects (Q1 2017: € -0.1 million; Q2 2016: € -2.9 million) and one-time/special items (Q1 2017: €+ 0.4 million; Q1 2016: €+0.0 million)
**Ilustration of previous year as at 31 December 2016
The complete Interim Report (January – March 2017) is available for download on the RIB Group website under investor relations.
RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world’s first 5D BIM enterprise cloud solution for construction companies, industrial companies, developers and project owners, etc. Since its inception in 1961, RIB Software SE 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 more than 900 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.