RIB Software AG: Successful quarterly result thanks to significant 106.7% growth in iTWO software revenues.

RIB Software AG: Successful quarterly result thanks to significant 106.7% growth in iTWO software revenues.

EBIT margin reaches 36.7% for the first time

STUTTGART, 24 April 2012. RIB Software AG (ISIN DE000A0Z2XN6), which professes to be the world market leader for integrated BIM ERP solutions for the global construction industry, published its preliminary results for the first quarter of 2012 (1 January to 31 March) today. All figures are rounded or approximations and have not been audited.

The unaudited preliminary figures indicate a year-on-year revenue increase of 14.7% to EUR 10.9 million in the first quarter of 2012 (Q1 2011: EUR 9.5 million). Adjusted by the IPO costs in 2011 and currency effects, earnings before interest and taxes (EBIT) increased 25% to EUR 4.0 million (Q1 2011: EUR 3.2 million) due to the surge in iTWO licence revenues (+106.7%), thus reaching an EBIT margin of 36.7% for the first time.

Software revenues from iTWO BIM ERP underwent a significant increase of 106.7% to EUR 3.1 million (Q1 2011: EUR 1.5 million). In the first quarter, the iTWO licence revenues from large customers in the key account segment improved 133.3% to EUR 2.1 million (Q1 2011: EUR 0.9 million), a figure that includes a 600% increase of the software revenues from international customers to EUR 0.7 million. iTWO license revenues with SMBs in Germany increased 150% to EUR 1.0 million (Q1 2011: EUR 0.4 million). In total, the software revenues underwent a year-on-year increase of 32.6% to EUR 5.7 million in the first quarter (Q1 2011: EUR 4.3 million).

Service revenues went up 5.1% to EUR 4.1 million (Q1 2011: EUR 3.9 million), and consulting revenues amounted to EUR 1.1 million, slightly less than in the corresponding prior-year period (EUR 1.3 million).

Michael Sauer, CFO of the RIB Group: 'We have made great progress towards our goal of increasing phase II deals in this year by 100% in comparison to 2011. We already successfully concluded two phase II contracts with Heinrich Schmid, one of the largest and most successful businesses in the construction and development industry in Europe, and with the Turkish-Russian construction group Renaissance Construction, one of the world's top 100 enterprises in the international construction industry in the first quarter. Given the well-stocked offer pipeline, we expect further phase II deals in the coming weeks.'

RIB Software AG will publish the interim report from January to March 2012 on Monday, 7 May. On this date, a telephone conference for investors and analysts will be held at 11 a.m. (CEST).

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.