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MarketScreener Homepage  >  Equities  >  Xetra  >  RIB Software SE    RIB   DE000A0Z2XN6

RIB SOFTWARE SE

(RIB)
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RIB Software : RIB) signs a MTWO Phase-II-contract (No. 32 / 2020) with ARGE A3 Steigerwaldautobahn GbR

10/26/2020 | 07:25am EST

DGAP-News: RIB Software SE / Key word(s): Contract/Agreement
RIB Software SE (RIB) signs a MTWO Phase-II-contract (No. 32 / 2020) with ARGE A3 Steigerwaldautobahn GbR

26.10.2020 / 13:25
The issuer is solely responsible for the content of this announcement.


26-October-2020

RIB Software SE (RIB) signs a MTWO Phase-II-contract (No. 32 / 2020) with ARGE A3 Steigerwaldautobahn GbR

Stuttgart, Germany, 26 October 2020. RIB Software SE, the world's leading provider of iTWO 5D BIM Big Data technology for the construction industry, today announced the conclusion of a MTWO Phase-II-contract with ARGE A3 Steigerwaldautobahn GbR.

In February 2020, A3 Nordbayern GmbH & Co. KG, a joint venture of Eiffage S.A. and JOHANN BUNTE Bauunternehmung GmbH & Co. KG, represented by the Autobahndirektion Nordbayern, was awarded the contract for the PPP project "Availability Model A3 motorway junction Biebelried - motorway junction Fürth/Erlangen" by the Federal Republic of Germany. The project comprises the planning, expansion from four to six lanes, operation and maintenance of the approximately 76 km long A3 freeway section between the Biebelried and Fürth/Erlangen junctions. The construction work will be carried out by the construction consortium ARGE A3 Steigerwaldautobahn GbR consisting of the companies Eiffage Infra-Bau and JOHANN BUNTE Bauunternehmung. Construction activities with a construction volume of around 1.5 billion euros began in May 2020 - completion of the freeway section is scheduled for November 2025.

Ulrich Schröck, Head of Quality Management of ARGE A3 Steigerwaldautobahn: "The A3 project is the largest PPP infrastructure project ever commissioned in Germany. A comprehensible, conclusive documentation of the entire construction cycle - starting with planning, through the construction phase, to operation and subsequent maintenance - is elementary for the successful implementation of the project. With the cloud-based and fully integrated iTWO 4.0 technology, we want to optimally meet these requirements and make the implementation of this PPP infrastructure project even more effective".

Michael Woitag, COO/CTO of the RIB Group: "With the MTWO platform, the ARGE relies on a solution that is particularly well suited for complex environments such as large construction sites and construction consortia. Due to high integration capability of our software, continuous and uniform processes are possible from the beginning to the end of the project. In addition, the portal function of the platform has convinced the customer. It enables the ARGE to collaborate more effectively with its subcontractors".


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.



26.10.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: RIB Software SE
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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1143049

 
End of News DGAP News Service

1143049  26.10.2020 

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© EQS 2020
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Sales 2020 273 M 327 M 327 M
Net income 2020 22,5 M 26,9 M 26,9 M
Net cash 2020 170 M 204 M 204 M
P/E ratio 2020 59,9x
Yield 2020 0,70%
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Average target price 27,60 €
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Thomas Wolf Chairman & Chief Executive Officer
Michael Woitag Chief Operating & Technology Officer
Michael Sauer Vice Chairman & Chief Financial Officer
Matthias Rumpelhardt Independent Director
Klaus Hirschle Independent Director
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