DGAP-News: RIB Software AG: international growth continues
(firmenpresse) - DGAP-News: RIB Software AG / Key word(s): Preliminary Results
RIB Software AG: international growth continues
28.02.2013 / 07:26
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RIB Software AG: international growth continues
The technology group RIB announces unaudited, preliminary results for
financial year 2012.
- International turnover rose by 74%
- Turnover in the cloud segment grew significantly by 75%
- iTWO turnover in the German mass market grew by 100%
- Net cash flow from operating activities rose by 51%
STUTTGART, 28 February 2013. RIB Software AG (ISIN DE000A0Z2XN6), the
self-described global leader in ERP 5D technology for the construction
industry, is today announcing its preliminary results for the 2012
financial year.
According to the preliminary, unaudited results, consolidated turnover was
up by 11.7% to EUR 39.2 million (2011: EUR 35.1 million). For the first
time, this includes the companies CADX (Australia), MC²and U.S. COST
(USA), which were acquired in 2012 in connection with the planned
acquisition strategy. These companies posted combined turnover of EUR 3.3
million. The adjusted EBITDA rose by 7.8% to EUR 15.2 million (prior year:
EUR 14.1 million), achieving an EBITDA margin of 38.8%. Adjusted
consolidated net income increased by 10.8% to EUR 8.2 million compared with
the prior-year figure of EUR 7.4 million. The adjusted result before income
taxes rose by 2.7% to EUR 11.6 million (prior year: EUR 11.3 million),
since an iTWO enterprise deal (phase II) in the amount of EUR 3.0 million
was postponed from Q4 2012 to 2013. For this reason, iTWO licensing
turnover of EUR 7.8 million did not meet our expectations (prior year: EUR
8.4 million), although a strong increase was registered for the German mass
market at EUR 3.6 million (prior year: EUR 1.8 million). Service revenue
increased by 10.1% to EUR 16.3 million (prior year: EUR 14.8 million), and
consulting revenue increased by 59.5% to EUR 5.9 million (prior year: EUR
3.7 million).
Net cash flow from operating activities rose significantly by 50.5% to EUR
14.0 million (2011: EUR 9.3 million).
Due to the uncertain situation on the financial markets, we have shifted
additional liquid funds to low-risk securities, primarily in EUR and USD.
The portfolio of available-for-sale securities thus increased by EUR 36.1
million to EUR 39.8 million (prior year: EUR 3.7 million). Total liquid
funds and available-for-sale securities amounted to EUR 89.1 million (prior
year: EUR 106.9 million). Equity amounted to EUR 148.4 million (prior year:
EUR 144.3 million), with the equity ratio reaching 81.8%.
By way of its strategic acquisitions of leading US technology companies in
the construction industry, RIB is pursuing the objective of gaining the top
management of these companies and their comprehensive customer networks in
order to become a leading provider on the US market. In September 2012, RIB
acquired MC², a software provider located in Memphis, Tennessee, that
focuses on the top 1,000 US construction companies. This was followed in
November 2012 by the acquisition of U.S. COST, located in Atlanta, whose
product and services portfolio primarily targets investors and developers
in the US market. With this acquisition, RIB has increased its own
capacities with respect to international consulting services and global
project management by 200%, and it has achieved staff numbers in the US
comparable to those in Europe and Asia. RIB's CEO Thomas Wolf: 'In terms of
turnover in US dollars, the US market is the world's largest market for
construction projects and, at the same time, the most important market for
leading IT companies.
In addition, the acquisition in September 2012 of the cloud (SaaS) software
company CADX Pty Ltd., located in Sydney, Australia, enables RIB to offer
its 15,000 customers around the world the latest cloud-based ERP 5D
platform for integrated project delivery (IPD).
The company thus currently employs over 600 staff worldwide, of which
around 400 are employed internationally and around 200 in Germany.
We currently do not anticipate that we will be able to conclude a phase II
deal in Q1 2013. However, we are optimistic about the year as a whole.
Should the closing of more than the planned 9 phase II deals (each larger
than USD 500,000) be successful, then we would expect an increase in
turnover of 30-50%.
RIB Software AG will publish its 2012 Annual Report on Wednesday, 27 March
2013. A teleconference for analysts and investors will be held on this day
at 11:00 CET.
1.(in EUR million, adjusted for IPO costs (2012: 0; 2011: 3.9), FX (2012:
-0.7; 2011: + 1.3), other (2012: 1.5; 2011: 0)
About the RIB Group
With more than 15,000 customers, the Stuttgart-based RIB Group is one of
the largest software providers in the field of technical ERP solutions for
the construction industry. Established in 1961, RIB has attained a
market-leading position in Germany. The world's largest construction
companies, public administrations, architecture and engineering firms, and
large enterprises in the field of industrial and plant construction around
the globe optimise their planning and construction processes with the aid
of RIB software systems. RIB is represented by its own branches in EMEA,
North America, and APAC. Further information is available at
www.rib-software.com.
End of Corporate News
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Language: English
Company: RIB Software AG
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail: info(at)rib-software.com
Internet: www.rib-software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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202579 28.02.2013
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