§ Total revenue increases by 35.8% to € 57.3 million
§ iTWO Software & Cloud’s revenues reach € 23.8 million (+81.7%)
The RIB Group continued its positive business performance of the first half of 2015 in the third quarter and again realised high revenue growth rates. In the current financial year, 18 out of a total of 25 planned phase II / III deals have already been concluded to date. In the first nine months Group revenues went up 35.8% to € 57.3 million. The share of Group revenues realised abroad increased to 49.0% in the reporting period.
The iTWO 5D technology gained a lot of momentum in 2015 and the enterprises are now step by step realizing the massive investment needs to perform the innovation transformation process within their organizations. More and more governments, developers and investors are demanding the usage of 5D technology from their supply chain. Due to this development iTWO Software and Cloud revenues saw an increase of 81.7% to € 23.8 million. It was very pleasing to see that the demand for iTWO 5D increased by 50.0% to €6.6 million in the small and medium-sized companies segment (mass market).
The operating profit before interest, tax, depreciation and amortisation on tangible and intangible assets (operating EBITDA*) increased by 23.1% to € 14.4 million year-over-year. Despite the significant increase in the write-downs from the purchase price allocation (PPA) to a value of € 2.2 million (previous year: € 1.1 million), operating profit before tax (operating EBT*) went up 10.8% to € 8.2 million in the first nine months.
With the acquisition of 75% of SAA Software Engineering, Vienna, RIB is now standing on the brink of a fourth industrial revolution. In connection with iTWO 4.0, the first web-based industrial solution, characterised through a strong individualisation of products under the conditions of a highly flexible small series production – in the future there will be construction factories running “smart” fabrication of intelligent building elements through industrial robots receiving their production specifications directly from 5D Models.
By intelligently combining project and production processes, companies and entire value-creating networks can be controlled and optimised in real time in iTWO 4.0. This includes the intelligent management of procurement processes to deliver "just in time" construction products on the building site. To this end, we will launch the first independent B2B marketplace for Construction "xTWO market" in the first quarter 2016. Our goal is to expand xTWO market to the worldwide leading eCommerce platform for construction products.
You can read the full report HERE.