RIB Software AG (RIB) continues its strong growth – Software licence revenue grows by 86.8% in Q2

August 1, 2016 - Corporate News
Total revenue increases by 26.6% to € 49.9 million in the 1st half of the year

Software licence revenue grows by 70.1% in the 1st half of the year

Operating EBITDA* increases by 25.9% to € 13.6 million in the first 6 months of 2016

Stuttgart, 29 July 2016. RIB Software AG (ISIN DE000A0Z2XN6), leading in the world market in the sector 5D BIM End-to-End business solutions for the construction industry, announces its financial figures for the 1st half of 2016.

Due to a successful first half of the year, the Group’s revenue increased by 26.6% to € 49.9 million (previous year: € 39.4 million). International revenue increased by 31.3% to € 25.6 million (previous year: € 19.5 million). Revenue in Germany grew by 22.7% to € 24.3 million (previous year: € 19.8 million). Adjusted for acquisitions, overall sales grew by 15.7% to € 45.6 million during the first six months (previous year: € 39.4 million). Software licence revenue developed very positively and increased by 70.1% to € 14.8 million (previous year: € 8.7 million). This includes iTWO revenue of € 11.1 million (previous year: € 7.3 million). iTWO 5D’s key account software revenues increased significantly by 78.6% to € 5.0 million (previous year: € 2.8 million). The iTWO software revenues in the mass market grew by 35.6% to € 6.1 million (previous year: € 4.5 million). In the xTWO (e-commerce) reporting segment, revenue increased by 42.3% to € 3.7 million (previous year: € 2.6 million) during the reporting period.

With an increase of 25.9%, the operating profit before interest, tax and depreciation (operating EBITDA*) rose in the first half of the year to € 13.6 million (previous year: € 10.8 million). Operating EBITDA* in the iTWO reporting segment increased by 30.4% to € 14.6 million (previous year: € 11.2 million) and the operating EBITDA margin rose during the reporting period to 31.7% (previous year: 30.4%). Despite high depreciation of the Purchase Price Allocation (PPA) in the amount of € 2.1 million (previous year: € 1.4 million) and start-up losses in the xTWO segment amounting to € -1.0 million rose the pre-tax operating profit (operating EBT*) in the first half of the year by 32.4% to € 9.0 million (previous year: € 6.8 million).

  * EBITDA and EBT adjusted for currency effects (Q2 2016: +2.0; Q2 2015: 0.0) / (6M 2016: -0.9; 6M 2015: -0.1)

** Previous year as of 31 December 2015

The complete Interim Report (January – June 2016) is available for download on the RIB Group website under investor relations.

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.

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