RIB Software SE with positive business development in the first quarter of 2018: Software license revenues increase by 35.4% to EUR 8.8 million

April 30, 2018

RIB Software SE with positive business development in the first quarter of 2018: Software license revenues increase by 35.4% to EUR 8.8 million

- Group revenues increase by 20.2% to EUR 31.5 million

- Software license revenues grow by 35.4% to EUR 8.8 million

- Operating EBITDA and adjusted for YTWO* increases by 41.6% to EUR 10.9 million

- Maintenance revenues rise by 22.2% to EUR 9.9 million

- Cash flows from operating activities adjusted for YTWO** grow by 25.2% to EUR 25.8 million

Stuttgart, Germany, April 30, 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 quarter of 2018.

The RIB Group successfully started the financial year 2018. Software license revenues grew by 35.4% to EUR 8.8 million (previous year: EUR 6.5 million). Group revenues rose by 20.2% to EUR 31.5 million (previous year: EUR 26.2 million). Sales in Germany grew by 14.0% to EUR 15.5 million (previous year: EUR 13.6 million). International sales increased by 27.0% to EUR 16.0 million (previous year: EUR 12.6 million). Adjusted for acquisitions, Group revenues increased by 12.2% to EUR 29.4 million.

Deferred maintenance revenues increased by 22.2% from EUR 8.1 million to EUR 9.9 million and continue to make up a large share of recurring revenues. In total, recurring revenues (maintenance and SaaS) rose by 13.7% to EUR 14.1 million (previous year: EUR 12.4 million). Consulting revenues increased by 12.3% to EUR 6.4 million (previous year: EUR 5.7 million).

Operating earnings before interest, taxes, depreciation and amortization and adjusted for the software delivery to YTWO (adjusted operating EBITDA*) increased by 41.6% year-on-year to EUR 10.9 million (previous year: EUR 7.7 million). The adjusted operating EBITDA margin was 34.6% (previous year: 29.4%). Adjusted operating earnings before taxes (adjusted operating EBT*) rose by 66.6% to EUR 7.0 million in the reporting period (previous year: EUR 4.2 million). At EUR 1.0 million, expenses from purchase price allocations (PPA amortisation) were at the level of the previous year (EUR 0.9 million). Driven by sales growth in high-margin business areas, the gross margin increased by around 3 percentage points to 61.6% (previous year: 58.4%).

CONSOLIDATED FIGURES - OVERVIEW

* EBITDA and EBT adjusted by currency effects (Q1 2018: EUR -0.6 million; Q1 2017: EUR -0.1 million) and one-off / special effects (Q1 2018: EUR -0.5 million; Q1 2017: EUR +0.4 million). Previous year adjusted for one-off other operating income: Software delivery YTWO (Q1 2017: EUR 7.6 million)

** Previous year adjusted by one-time software license payments from YTWO (Q1 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 - March 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 almost 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.