RIB Shows Continued Dynamic Revenue Growth in the First Half of 2015


img.jpg

In the first half of 2015, RIB increased Group revenue by 45% to € 39.3 million, EBITDA by 56% to € 10.8 million and iTWO Software and Cloud revenues by 118% to € 16.6 million.

As at the end of July, RIB has reached 14 large deals with iTWO, well on the way to the internal target of 25 large deals in 2015.  

RIB Group continues its positive development through organic growth as well as acquisitions. Adjusted for acquisitions, overall sales grew by 22.9% to € 33.3 million during the first six months (previous year: € 27.1 million). The RIB Group also experienced significant international growth during this six month period with sales growing by 103.1% to € 19.5 million.

The megatrends “Internet of Things” and “Industry 4.0” are transforming the construction industry from traditional made-to-order production into mass fabrication, reducing production costs and time dramatically.

Industry 4.0 and „Internet of Things“ have increased demand for RIB’s iTWO technology significantly. In 2016 RIB will enter the global market with iTWO 4.0, the 5D platform enabling users to complete large-scale projects on a cost and time base comparable to mass fabrication and to achieve cost savings of 30%.