- Group revenue increased by 45.0% to € 39.3 million - Operating EBITDA* increased by 56.5% to € 10.8 million - iTWO Software & Cloud revenues reached € 16.6 million (+118.4%)

31.07.2015 - Corporate News

Stuttgart, Germany, 31 July 2015. By the end of July RIB Software AG has reached 14 large deals and we are optimistic to reach the internal goal of 25 deals in 2015. We strongly believe that we can reach our aspired an-nual growth rate of 80% (2011-2020) with iTWO software, PS and SaaS deal signings (Phase II/III) in the fifth year in a row.

With this RIB Software AG continued its positive development of the first quarter in the first half of 2015 with strong growth in revenue and earnings. In the first half year Group revenue increased by 45.0% to € 39.3 million (previous year: €27.1 million). It was pleasing to see that iTWO Software and Cloud revenues saw an increase of 118.4% to € 16.6 million (previous year: € 7.6 million). Adjusted for acquisitions, overall sales grew by 22.9% to € 33.3 million during the first six months (previous year: € 27.1 million). In the important market of small and medium-sized enterprises ("mass market") in Germany, revenues grew by 60.7% to €4.5 million. These compa-nies are mainly contractors for large investors like Deutsche Bahn or subcontractors for construction compa-nies. This demonstrates the first effects of the increasing demands resulting from clients asking for new digital working methods. The RIB Group also experienced significant international growth during this six month period with sales growing by 103.1% to € 19.5 million (previous year: € 9.6 million) while the growth was 66.7% exclud-ing the acquisitions.

The operating EBITDA* rose disproportionally by 56.5% to €10.8 million (previous year: €6.9 million). Pre-tax profits increased to € 6.7 million (previous year: € 6.4 million). Operating pre-tax profits* grew by 65.9% to €6.8 million (previous year: €4.1 million).

The acquisition of Soft SA, Madrid, opens the door in the Spanish speaking area to also meet the growing demand of iTWO 5D in this market.

The megatrends "internet of things" and "industry 4.0" will transform the traditional made-to-order production of the construction industry into an industry logic of mass fabrication. Production costs and time will be reduced drastically in consequence. In 2016 we will enter the global market with iTWO 4.0, the 5D platform enabling us-ers to complete large-scale projects on a cost and time base comparable to mass fabrication. With iTWO 4.0 cost savings of up to 30% can be reached. Industry 4.0 and "Internet of Things" have gained further speed and augmented the demand for iTWO technology significantly. With iTWO 4.0 technology we will focus even stronger on large and even very large iTWO deals (Phase III). More detailed information can be taken from our Interim Report January - June 2015.

Keyfigures

€ million unless otherwise indicated

2nd quarter 2015

2nd quarter 2014

Change

6 months 2015

6 months 2014

Change

Group revenue

19.1

13.3

43.6%

39.3

27.1

45.0%

iTWO revenue

7.7

4.0

92.5%

16.6

7.6

118.4%

…thereof iTWO Key Account

1.1

1.2

-8.3%

2.8

1.3

115.4%

… thereof iTWO mass market

2.1

1.3

61.5%

4.5

2.8

60.7%

… thereof iTWO SaaS / Cloud

4.5

1.4

221.4%

9.3

3.5

165.7%

EBITDA

5.0

5.7

-12.3%

10.8

9.2

17.4%

as % of revenue

26.2%

42.9%

27.5%

33.9%

EBITDA (adjusted)*

5.0

3.3

51.5%

10.8

6.9

56.5%

as % of revenue

26.2%

24.8%

27.5%

25.5%

EBIT

3.0

4.3

-30.2%

6.7

6.4

4.7%

as % of revenue

15.7%

32.3%

17.0%

23.6%

EBIT (adjusted)*

3.0

1.9

57.9%

6.8

4.1

65.9%

as % of revenue

15.7%

14.3%

17.3%

15.1%

Profit after tax

2.0

3.5

-42.9%

4.8

5.1

-5.9%

PPA-amortization

0.7

0.3

133.3%

1.4

0.7

100.0%

Cash flow from operating activities

13.5

11.6

16.4%

Free cash flow

8.8

6.3

39.7%

Liquid funds and available-for-sale securities**

139.4

137.9

1.1%

Equity ratio**

84.2%

85.0%

Average number of employees

651

584

11.5%

* 6M: EBITDA and EBIT adjusted by currency effects (2015: € -67 thousand; 2014: € +196 thousand) and special effects (2014: € +2,116 thousand)
* Q2: EBITDA and EBIT adjusted by currency effects (2015: € +15 thousand; 2014: € +237 thousand) and special effects (2014: € +2.116 thousand)
** Presentation of previous as of December 31, 2014

The complete Interim Report January - June 2015 is available for download on the RIB Group website under investor relations.


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