Stuttgart, Germany, 30 April 2015. RIB Software AG looks back on a successful first quarter 2015. Due to the significant increase in international revenues (excluding the DACH Region – Germany, Austria and Switzerland), total revenue for the RIB Group grew by 46.4% to € 20.2 million (previous year: € 13.8 million). International revenue increased by 136.8% to € 9.0 million (previous year: € 3.8 million) while revenues in the DACH Region grew by 13% to € 11.3 million (previous year: € 10.0 million). The software license revenue with iTWO 5D witnessed a particularly significant increase of 156.3% to € 4.1 million (previous year: € 1.6 million). The increase was distributed equally between the German market (€ +1.2 million) and the international markets (€ +1.3 million). The Cloud and SaaS revenue with the iTWO platform increased to € 4.8 million (previous year: € 2.0 million). Software revenue on the whole grew by 90.2% to € 9.7 million (previous year: € 5.1 million).
Earnings after taxes reached € 2.8 million in the first three months (previous year: € 1.5 million). This is equivalent to an increase of 86.7%. EBITDA increased by 65.7% to € 5.8 million (previous year: € 3.5 million). The margin improved to 28.7% in comparison to the same quarter of the previous year. In the reporting period, R&D expenses primarily increased by 26.7% to € 1.9 million (previous year: € 1.5 million) due to the strengthening of our development team in the area of Cloud solutions.
In the first quarter, we were already able to conclude 7 of the planned 25 Phase II/III deals globally. This places us on track in respect of our annual goal of increasing the Phase II/III closings by 80%, and we hereby confirm our annual forecast for the financial year of increasing revenue to a bandwidth of between € 85.0 million and € 95.0 million and reaching an EBITDA of between € 29.0 million and € 36.0 million.
* Presentation of previous as of December 31, 2014
The complete Interim Report January – March 2015 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.