The Software Group RIB Software has provided excellent results in 2014. The outlook for the current year is optimistic. The shareholders will benefit from good business performance. The dividend will be more than doubled.
The business RIB software runs smoothly. 2014 increased the specialist for building design software its revenues thanks to strong demand for software and maintenance by about 23 percent to 70 million euros. Before interest, taxes, depreciation and amortization (EBITDA) was 35.3 million euros, more than half of sales depend as operating profit -. Almost 90 percent more than the year before
windfall for shareholders
For the current year the Nasdaq company also optimistic. The Stuttgart are targeting a turnover between 85 and 95 million euros. EBITDA is expected to be in a range between 29 and 36 million euros. The dividend for shareholders is to be increased for the past year from six to 16 cents.
Positive Analyst Coverage
Meanwhile, the first experts have commented on the figures. The private bank Hauck & amp; Aufhäuser has renewed the “Buy” classification with a target price of 16 euros. “The contracts concluded with large companies confirm the quality of software solutions and the growth prospects of the company. However, the current review did not reflect this contradicts “said analyst Lars Dannenberg. Jochen Rothbacher by the investment bank Equinet sees the fair value of the RIB software share even at 17 euros – on the current share price, this corresponds to a still profit potential of around 30 percent
With the good results and the outlook in the back the stock over the short-term downtrend has broken out. For a fresh buy signal was generated. As an additional treat attracts the increased dividend after the Annual General Meeting (10 June), will be paid. Based investors stick to it. For a new entry, the current buy signal offers. A stop ensures just below the 12 euro mark off.
(with material from dpa-AFX)
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