RIB signs a Phase-III-contract with SWIETELSKY

September 13, 2019 - Corporate News

Stuttgart, Germany, 13 September 2019. RIB Software SE, the world’s leading provider of iTWO 4.0 Cloud Enterprise Platform Technology for the construction industry, today announced the conclusion of a Phase-III-contract with SWIETELSKY. On the basis of this and the business development to date in the 2019 financial year, RIB Software SE has raised its Revenue Guidance from € 200 million – € 220 million to € 210 million – € 225 million. At the same time, RIB has raised its operating EBITDA Guidance from € 45 million – € 50 million to € 46 million – € 52 million.

With a workforce of around 10,000 employees, SWIETELSKY Baugesellschaft m.b.H. is today among the foremost companies in the Austrian construction industry. The company is headquartered in Linz and has further branches and subsidiaries in Austria and the surrounding neighbouring countries. In the 2018/19 financial year, a construction output of 2.8 billion euros was achieved, primarily in the areas of railway infrastructure, structural/civil engineering and road construction.

“We have decided to enter the strategic partnership with RIB because we are convinced that the iTWO technology offers great potential for further optimizing our business processes in the execution of our construction projects through its consistent and model-oriented approach. We are looking forward to working with RIB and with the iTWO technology we see ourselves in an excellent position to meet the digital requirements of construction companies even better in the future”, says Peter Gal, member of the Management Board at SWIETELSKY.

Michael Sauer, Executive Board Member of RIB Group: “With iTWO, we were able to convince another Austrian construction group of the efficiency of our technology. In the age of digitalization, we consider the use of new, innovative technologies to be indispensable for construction companies in order to be able to compete successfully in the market in the future. With SWIETELSKY, we are pleased to have won a customer who has the same visions about the future of construction as we do.”

About RIB

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.

© 2019 RIB Software SE