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 News

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.

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
as % of revenue

5.8
28.7%

3.5
25.4%

65.7%

EBIT
as % of revenue

3.8
18.8%

2.1
15.2%

81.0%

EBT
as % of revenue

3.8
18.8%

2.1
15.2%

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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