RIB Software SE

DGAP-News: Correction of a release from 31.10.2018, 07:25 CET/CEST - RIB Software SE with successful development in the first 9 months of 2018: Adjusted for currency effects, Group revenues increase by 18.1% to EUR 96.5 million // Nomination of Dr. Rüdig

DGAP-News: RIB Software SE / Key word(s): 9-month figures
Correction of a release from 31.10.2018, 07:25 CET/CEST - RIB Software SE with successful development in the first 9 months of 2018: Adjusted for currency effects, Group revenues increase by 18.1% to EUR 96.5 million // Nomination of Dr. Rüdiger Grube as member of the Administrative Board

31.10.2018 / 11:36
The issuer is solely responsible for the content of this announcement.


31-October-2018

RIB Software SE: Correction of the operating EBITDA and adjusted for YTWO for Q3 2018 // EUR 9.7 million instead of the reported EUR 7.7 million

Stuttgart, Germany, 31 October 2018. An incorrect display occurred in the Group figures for the third quarter of 2018 published today. Operating EBITDA and adjusted for YTWO for the third quarter of 2018 amounts to EUR 9.7 million instead of the reported EUR 7.7 million.

Below you will find the updated table of the consolidated figures.

Consolidated Figures - Overview

EUR million unless otherwise indicated 3rd quarter

2018
3rd quarter

2017
change

change
9 months

2018
9 months

2017
change

change
Revenue 32.5 28.4 14.4% 94.9 81.7 16.2%
Software licence 9.2 10.8 -14.8% 27.8 26.6 4.5%
Software as a Service / Cloud 3.1 3.0 3.3% 10.3 10.4 -1.0%
Maintenance 9.9 8.1 22.2% 29.2 24.0 21.7%
Consulting 8.1 4.6 76.1% 20.8 15.2 36.8%
e-Commerce 2.2 1.9 15.8% 6.8 5.4 25.9%
EBITDA 12.3 11.2 9.8% 31.1 36.1 -13.9%
as % of revenue 37.8% 39.4%   32.8% 44.2%  
Operating EBITDA and adjusted for YTWO* 9.7 11.2 -13.4% 28.6 28.3 1.1%
as % of revenue 29.8% 39.4%   30.1% 34.6%  
EBT 8.0 7.3 9.6% 18.9 25.2 -25.0%
as % of revenue 24.6% 25.7%   19.9% 30.8%  
Operating EBT and adjusted for YTWO* 5.4 7.2 -25.0% 16.5 17.4 -5.2%
as % of revenue 16.6% 25.4%   17.4% 21.3%  
Write-downs from purchase price allocations 1.3 0.9 44.4% 3.5 2.7 29.6%
Cash flow from operating activities       21.4 25.3 -15.4%
Cash flow from operating activities adjusted for YTWO**       21.4 20.6 3.9%
Group liquidity***       251.4 134.8 86.5%
Equity ratio****       85.5% 80.5%  
Average number of employees       980 815 20.2%
 

* EBITDA and EBT adjusted by income from the reversal of deferred revenue from software sales to YTWO (Q3 2018: EUR 2.0 million) / (9M 2018: EUR 2.0 million), currency effects (Q3 2018: EUR 0.6 million; Q3 2017: EUR 0.0 million) / (9M 2018: EUR 0.9 million; 9M 2017: EUR -0.2 million) and one-off / special effects (Q3 2018: EUR 0.0 million; Q3 2017: EUR 0.0 million) / (9M 2018: EUR -0.5 million; 9M 2017: EUR +0.4 million). Previous year adjusted for one-off other operating income: Software delivery YTWO (9M 2017: EUR 7.6 million)

** Previous year adjusted by one-time software licence payments from YTWO (9M 2018: EUR 0.0 million; 9M 2017: EUR 4.7 million)

*** Cash and cash equivalents, time deposits and available-for-sale securities. Previous year as of 31 December 2017

**** Previous year as of 31 December 2017

The complete Interim Report (January - September 2018) is available for download on the RIB Group website under investor relations.

About RIB Group

RIB Software SE is an innovator in construction business. The company creates, develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. Its flagship product iTWO 4.0 is the world's first 5D BIM enterprise cloud solution with AI integration for construction companies, industrial companies, developers and project owners, etc. Since its inception in 1961, RIB Software SE has been the pioneer in construction innovation, exploring and bringing in new thinking, new working method and new technology to enhance construction productivity, and transforming the construction industry into the most advanced and digitalized industry in the 21st century. RIB is headquartered in Stuttgart, Germany, and listed in Prime Standard Frankfurt Stock Exchange since 2011. With 1000 talents located in over 30 offices worldwide, RIB is serving 100,000 clients including construction contractors, sub-contractors, developers, owners, investors and governments, in the field of building construction, infrastructure, EPC sector and more.



31.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: RIB Software SE
Vaihinger Str. 151
70567 Stuttgart
Germany
Phone: +49 (0)711-7873-0
Fax: +49 (0)711-7873-311
E-mail:
Internet: -software.com
ISIN: DE000A0Z2XN6
WKN: A0Z2XN
Indices: SDAX, TecDAX,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

739877  31.10.2018 

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31/10/2018

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