STUTTGART (Reuters) – When construction software manufacturers RIB Software continues strong growth. In the second quarter, sales rose year on year thanks to acquisitions by 44 percent to 19.15 million euros, as the TecDAX companies announced on Friday. The bottom line, however, there was a decline in profits by 44 percent to 1.98 million euros. A year ago, the specialist for building software but had benefited from a high non-recurring income from cash held in foreign currencies and securities. In addition, amortization of goodwill for acquisitions rose to more than twice and loaded additionally. The share lost in the morning more than four percent.
Also in earnings before interest, taxes, depreciation and amortization (Ebitda) stood at 5.0 million euros, a decline of 12 percent. Adjusted for currency effects, operating profit would have risen by more than half, it said. The annual forecast for sales between 85 and 95 million euros (previous year: 70) and an EBITDA 29-36 million euros (previous year 35.2) confirmed the management
successes recorded by the Stuttgart with their so-called iTWO software. a complete package for the design, construction and maintenance of buildings and equipment. The revenues increased to nearly double to, in particular, the cloud software for rent on the Internet experienced a rapid growth / men / jha / stb
Source:. AFX
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