RIB looks back on a successful first quarter with the conclusion of 7 Phase II deals and iTWO software revenue growth of 156.3%
30.04.2015 - Corporate NewsStuttgart, 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.
Keyfigures
€ million unless otherwise indicated | 31.03.2015 | 31.03.2014 | Change |
Revenue | 20.2 | 13.8 | 46.4% |
thereof iTWO (Software & Cloud) revenues | 8.9 | 3.6 | 147.2% |
EBITDA |
5.8 |
3.5 | 65.7% |
EBIT |
3.8 |
2.1 | 81.0% |
EBT |
3.8 |
2.1 | 81.0% |
Profit after tax | 2.8 | 1.5 | 86.7% |
per share in € | 0.07 | 0.04 | 75.0% |
Cash flow from operating activities | 13.7 | 12.2 | 12.3% |
Free cash flow | 11.6 | 9.9 | 17.2% |
Liquid funds and available-for-sales securities* | 150.2 | 137.9 | 8.9% |
Equity ratio* | 83.1% | 85.0% | |
Average number of employees | 632 | 580 | 9.0% |
* 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.
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