RIB Software GmbH
RIB Software SE with successful development in the first half of 2018: Adjusted for currency effects, Group revenues increase by 21.3% to EUR 64.7 million // Initial Meetings with 150 MSP (Managed Service Provider) companies from 46 countries successfully executed
DGAP-News: RIB Software SE / Key word(s): Quarterly / Interim Statement 31-July-2018 RIB Software SE with successful development in the first half of 2018: Adjusted for currency effects, Group revenues increase by 21.3% to EUR 64.7 million // Initial Meetings with 150 MSP (Managed Service Provider) companies from 46 countries successfully executed – Software licence revenues in the first half-year 2018 up 17.7% (currency-adjusted: 20.2%) to EUR 18.6 million – Operating EBITDA* and adjusted for YTWO grows by 10.5% to EUR 18.9 million in the first half-year 2018 – Maintenance revenues grow by 20.6% (currency-adjusted: 25.3%) to EUR 19.3 million Stuttgart, Germany, 31 July 2018. RIB Software SE, the world’s leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announces its financial figures for the first half of 2018. Consolidated figures for the first half of 2018 at a glance For the RIB Group, 2018 will be the first year of transformation from iTWO 5D technology to cloud-based technology iTWO 4.0. Nevertheless, the RIB Group made a successful start to the first half of 2018. Software licence revenues grew by 17.7% (currency-adjusted: 20.2%) to EUR 18.6 million (previous year: EUR 15.8 million). Group revenues rose by 17.1% to EUR 62.4 million (previous year: EUR 53.3 million). Adjusted for currency effects, Group revenues increased by 21.3% to EUR 64.7 million (previous year: EUR 53.3 million). Sales in Germany grew by 24.4% to EUR 31.1 million (previous year: EUR 25.0 million). International sales increased by 10.6% (currency-adjusted: 18.7%) to EUR 31.3 million (previous year: EUR 28.3 million). Adjusted for the Key Account sales with a major British customer of EUR 2.3 million included in Q2 2017, most of which was written off in Q4 2017, international sales increased by 20.4%. In the iTWO segment, revenues rose by 16.3% (currency-adjusted: 20.7%) to EUR 57.9 million (previous year: EUR 49.8 million) with an EBITDA margin of 34.1%. Deferred maintenance revenues increased by 20.6% (currency-adjusted: 25.3%) to EUR 19.3 million (previous year: EUR 16.0 million) and continue to make up a large share of recurring revenues. In total, recurring revenues (maintenance and SaaS) rose by 13.7% (currency-adjusted: 17.3%) to EUR 26.6 million (previous year: EUR 23.4 million). Consulting revenues increased by 18.7% (currency-adjusted: 28.7%) to EUR 12.7 million (previous year: EUR 10.7 million). The previous year’s operating EBITDA of EUR 24.7 million included other operating income of EUR 7.6 million from the software delivery to the joint venture YTWO. Adjusted for this effect in the previous year, operating EBITDA rose by 10.5% to EUR 18.9 million (previous year: EUR 17.1 million), despite start-up costs for the MTWO segment of EUR 1 million. The adjusted operating EBITDA margin was with 30.3% still on a high level. The adjusted operating EBT* rose by 7.8% to EUR 11.0 million in the reporting period (previous year: EUR 10.2 million), despite high start-up investments totaling EUR 3 million in the YTWO and MTWO segments R&D expenses rose to EUR 7.7 million in the first half of 2018 (previous year: EUR 6.7 million). The increase was mainly due to the strengthening of our development teams in iTWO 4.0 and in the MTWO segment. MTWO – 150 initial meetings with Managed Service Provider At the AGM 2018 we have announced to develop 20 operating direct and indirect (partner) global sales and service units with the target to win (AGM Milestone) 123,000 iTWO USER. We could already execute an important step to reach this target. Because of the great attractiveness of MTWO, our leader team could execute a total of 150 meetings on C-level with target partner companies (MSP) out of 46 countries until now. Based on the initial dates, we expect that the 3-5 partner investments targeted at this year’s Annual General Meeting for 2018 can be achieved and that the establishment of the worldwide RIB Partner Network will be successfully initiated in 2018. For the MTWO segment, we continue to expect additional start-up costs of up to EUR 3 million for the 2018 financial year. Confirmation of the guidance for the financial year 2018 Based on the positive development in the first half of 2018 and assuming otherwise stable market conditions, the RIB Group confirms its guidance for 2018 with sales between EUR 117 million and EUR 127 million and an EBITDA between EUR 33 million and EUR 43 million. Consolidated Figures – Overview
* EBITDA and EBT adjusted by currency effects (Q2 2018: EUR 0.9 million; Q2 2017: EUR -0.1 million) / (6M 2018: EUR 0.4 million; 6M 2017: EUR -0.2 million) and one-off / special effects (Q2 2018: EUR 0.0 million; Q2 2017: EUR 0.0 million) / (6M 2018: EUR -0.5 million; 6M 2017: EUR +0.4 million). Previous year adjusted for one-off other operating income: Software delivery YTWO (6M 2017: EUR 7.6 million) ** Previous year adjusted by one-time software licence payments from YTWO (6M 2018: EUR 0.0 million; 6M 2017: EUR 4.7 million) *** Cash and cash equivalents, time deposits and available-for-sale securities. Previous year as of 31 December 2017 **** Previous year as of 31 December 2017 The complete Interim Report (January – June 2018) is available for download on the RIB Group website under investor relations. About RIB Group RIB Software SE is an innovator in construction business. The company creates, develops, and offers iTWO³ – new thinking, new working method and new technology – for construction projects across various industries worldwide. iTWO today is the world’s first Cloud / License based Big Data 5D BIM enterprise solution for construction companies, industrial companies, developers and investors. 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.
31.07.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | RIB Software SE |
Vaihinger Str. 151 | |
70567 Stuttgart | |
Germany | |
Phone: | +49 (0)711-7873-0 |
Fax: | +49 (0)711-7873-311 |
E-mail: | info@rib-software.com |
Internet: | www.rib-software.com |
ISIN: | DE000A0Z2XN6 |
WKN: | A0Z2XN |
Indices: | TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |