RIB Software AG looks back on a successful first quarter 2015 for the global RIB Group. Due to the significant increase in international revenues (excluding the DACH Region - Germany, Austria and Switzerland), total revenue for the RIB Group grew by 46.4% to € 20.2 million (previous year: € 13.8 million). International revenue increased by 136.8% to € 9.0 million (previous year: € 3.8 million) while revenues in the DACH Region grew by 13% to € 11.3 million (previous year: € 10.0 million). The software license revenue with iTWO 5D witnessed a particularly significant increase of 156.3% to € 4.1 million (previous year: € 1.6 million). The increase was distributed equally between the German market (€ +1.2 million) and the international markets (€ +1.3 million). The Cloud and SaaS revenue with the iTWO platform increased to € 4.8 million (previous year: € 2.0 million). Software revenue on the whole grew by 90.2% to € 9.7 million (previous year: € 5.1 million).
Earnings after taxes reached € 2.8 million in the first three months (previous year: € 1.5 million). This is equivalent to an increase of 86.7%. EBITDA increased by 65.7% to € 5.8 million (previous year: € 3.5 million). The margin improved to 28.7% in comparison to 25.4% in the same quarter of the previous year. In the reporting period, R&D expenses primarily increased by 26.7% to € 1.9 million (previous year: € 1.5 million) due to the strengthening of our development team in the area of Cloud solutions.
In the first quarter, we were already able to conclude 7 of the planned 25 Phase II/III deals globally. This places us on track in respect of our annual goal of increasing the Phase II/III closings by 80%, and we hereby confirm our annual forecast for the financial year of increasing revenue to a bandwidth of between € 85.0 million and € 95.0 million and reaching an EBITDA of between € 29.0 million and € 36.0 million.