DGAP-News: RIB Software AG SE
/ Key word(s): 9 Month figures
The RIB Group announces its figures for the first nine months of 2020: Strong increase in Group revenues by 25.6% to EUR 190.4 million // EBITDA increases by 68.8% to EUR 60.6 million // operating cash flow increases by 144.7% to EUR 62.4 million
Stuttgart, Germany, October 30, 2020. RIB Software AG SE, the world's leading provider of iTWO 4.0 cloud enterprise platform technology, today announced its key financial figures for the first nine months of 2020.
Group shows solid growth in the first nine months of 2020
iTWO 4.0/MTWO user grows to 97,774 (user target for 2020 already at 97.8%)
The number of users of our cloud based MTWO / iTWO 4.0 platform grew by 41.0% from 69,337 to 97,774 users compared to year-end, thus already reaching 97.8% of our target of 100,000 users in 2020. Users are gained partly through new customer acquisition and partly through the migration of existing users from other software applications within our Group.
In the xYTWO segment, total revenues decreased by 22.5% to € 5.5 million (previous year: € 7.1 million) as planned due to the sale of the e-commerce business, as already announced. The segment EBITDA amounted to € 0.4 million.
Group outlook for the fiscal year 2020
Provided that the economic situation in our industry does not deteriorate due to the uncertainties of Covid-19, we confirm the outlook for 2020.
CONSOLIDATED FIGURES - OVERVIEW
* EBITDA adjusted by currency effects and one-off / special effects.
** Cash and cash equivalents, time deposits and available-for-sale securities. Previous year as of December 31, 2019.
*** Previous year as of December 31, 2019.
About RIB Group
RIB Software AG SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software AG SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.
|Company:||RIB Software AG SE|
|Vaihinger Str. 151|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1144136|
|End of News||DGAP News Service|