RIB Software GmbH
RIB Software AG: Optimistic Forecast for 2011 in Spite of Budget Shortfall in First Half of the Year
RIB Software AG / Key word(s): Half Year Results RIB Software AG: Optimistic Forecast for 2011 in Spite of Budget Shortfall in First Half of the Year Stuttgart, 29 July 2011 – In the first half of 2011, RIB Software AG achieved an anticipated overall turnover of 16.5 million Euro (previous year 18.9 million Euro) and an anticipated unaudited result before tax of 4.1 million Euro (previous year 7.2 million Euro). These figures exclude the cost of the IPO (3.7 million Euro) and exchange rate effects associated with the reporting date. The company had planned to achieve a result at the previous year’s level. This is mainly due to the fact that the large national and international licence contracts planned for 2011 could not be recognised as earnings in Q2. Due to the growing demand for iTWO(R) Business Suite (integrated 5D software for the construction industry), the Board of Directors expects a significantly stronger second half of 2011. An investor and analyst conference will be held today at 9:30 CET. ### RIB Software AG is an innovative international software company that develops and sells integrated project management software solutions for the construction industry. In October 2009, the company launched the German version of its flagship product RIB iTWO(R) business suite, its new software solution for digital construction, enabling virtual planning combined with cost and time control and simulation of manufacturing and maintenance processes. In 2010, it launched the English version and the Chinese version. RIB iTWO(R) business suite has been developed in research centres in Stuttgart and China. The company is continuing to invest in promising future technologies such as cloud computing which involve open platforms for e-commerce and services as well as price and product databases. Contact: End of Corporate News 29.07.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | RIB Software AG | |
Vaihinger Str. 151 | ||
70567 Stuttgart | ||
Germany | ||
Phone: | +49 (0)711-7873-0 | |
Fax: | +49 (0)711-7873-311 | |
E-mail: | info@rib-software.com | |
Internet: | www.rib-software.com | |
ISIN: | DE000A0Z2XN6 | |
WKN: | A0Z2XN | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
133630 29.07.2011 |