RIB announces its figures for the 2020 financial year

Stuttgart, Germany, March 31, 2021. RIB Software SE, the world’s leading provider of iTWO 4.0 cloud enterprise platform technology, today announced its key financial figures for the fiscal year 2020. Unless specifically indicated, the financial figures given relate exclusively to continuing operations.

  • Annually recurring revenues (ARR) increase by 30.2% to EUR 146.6 million
  • Share of ARR in total revenue 57.6% (previous year: 54.8%)
  • Organic growth of recurring revenues (ARR) reaches 7.8%
  • Operating EBITDA up 27.5% to EUR 65.3 million
  • Operating EBITDA margin 25.6% (previous year: 24.9%)
  • Cash flow from operating activities rises by 104.6% to EUR 71.2 million

Continuing strong revenue growth in fiscal year 2020

Consolidated revenues increased by 24.0% to EUR 254.6 million in fiscal year 2020 (previous year: EUR 205.4 million). In the past fiscal year, annually recurring revenues (ARR) again increased strongly by 30.2% to EUR 146.6 million (previous year: EUR 112.6 million). Non-recurring revenues also increased by 14.2% to EUR 51.9 million (previous year: EUR 45.4 million). Software and software-related revenues (ARR and NRR) thus increased by 25.6% to EUR 198.5 million (previous year: EUR 158.0 million). Organic growth in recurring revenues (ARR) amounted to 7.8%. Service revenues grew by 18.3% to EUR 56.1 million (previous year: EUR 47.4 million).

In 2021, we anticipate organic growth in the Software business in the double-digit range.

Strong margins despite impact of COVID-19 pandemic

Despite severe economic implications caused by the COVID-19 pandemic, the RIB Group was able to achieve an operating EBITDA margin of 25.6% (adjusted for currency effects and one-off/special effects) in the fiscal year 2020.

Moreover, 2020 was characterized by strong investments in innovative technology expansions for the iMTWO platform and the acquisition of users for our iMTWO platform. As a result, we were able to significantly increase the MTWO/iTWO 4.0 user base from 69,337 to 104,478 in 2020, exceeding our target of 100,000 users. In addition, the average number of employees grew from 1,599 to 1,978.

Guidance for 2021

For the financial year 2021, we forecast revenues in the range of EUR 280 to 310 million and operating EBITDA of between EUR 65 and 75 million for the RIB Group.

ESG / RIB CARE Initiative

RIB has developed an ESG (Environmental, Social and Governance) program that aims to achieve improvements in 50 business areas. The goal is to be a leading ESG company in the construction software sector in 2022.

In March 2020, RIB Software rolled out its RIB Care Initiative to fight against COVID-19. The RIB Care team quickly built an air bridge and flew tens of thousands of masks, protective coveralls, ventilators, and other medical supplies from Asia to Europe to help people in need and save lives. In total, the RIB Care initiative contributed around USD 390,000 during the early days of the crisis.

It is planned to continue the initiative until the spread of the coronavirus is stopped. On behalf of all RIB employees, we would like to take this opportunity to thank the heroes of our time, the medical staff and the thousands of helpers in the fight against the deadly coronavirus, some of whom are saving thousands of lives at the risk of their own lives. We at RIB stand at the side of these heroes!

Strategic partnership with SoftwareONE

In November 2020, the RIB Group and the Swiss SoftwareONE Holding AG signed a strategic partnership agreement. The objective of the cooperation is to accelerate the market introduction of the MTWO platform globally. By entering this partnership, the RIB Group and SoftwareONE are committed to jointly driving technological innovation in up to 20 countries for the architecture, engineering and construction (AEC) industries worldwide.

Syndicated financing of up to EUR 150 million for further acquisitions

As already announced in the previous year’s Management Report, in the present reporting period, RIB Software SE concluded a syndicated loan agreement for a syndicated credit line of EUR 150 million aimed at financing further acquisitions planned for the future. As we significantly reduced our M&A activities during the reporting period due to the COVID-19 pandemic, the credit facility has not been drawn upon to date.

With over EUR 350 million, the RIB Group thus has sufficient investment funds to finance its further global expansion.


* The figures for 2019 and 2020 only include amounts from continuing operations.

** EBITDA and EBT adjusted by currency effects and one-off / special effects.

*** Cash and cash equivalents, time deposits and available-for-sale securities.

The full 2020 annual report is available for download on the RIB Group website under Investor Relations.

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB’s flagship cloud-based platform, provides the world’s first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. With over 50 years of experiences in the construction industry, RIB Software SE focuses on IT and engineering and becomes the pioneer in construction innovation, exploring and bringing in new thinking, new working methods and new technologies to enhance construction productivity. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalized industry in the 21st century.


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