Strong increase in revenues and operating EBITDA
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
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).
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.