RIB Software AG announced unaudited preliminary earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported revenues increased by 79.4% to EUR 27.8 million compared to EUR 15.5 million a year ago. Profits also improved significantly in the fourth quarter. The pre-tax profit adjusted for special effects increased by 210.5% to EUR 11.8 million compared to EUR 3.8 million a year ago.

For the year, the company reported net sales increased by 22.8% from EUR 57.0 million to EUR 70.0 million based on preliminary, unaudited figures. iTWO software revenues increased significantly by 62.5% to EUR 28.6 million compared to EUR 17.6 million a year ago. Consulting revenues rose marginally by 4.6% on the previous year to EUR 15.8 million. The EBITDA grew disproportionately to revenues by 87.8% to EUR 35.3 million compared to EUR 18.8 million a year ago. Thus the EBITDA margin reached 50.4%. The operating result EBITDA grew by 39.1% from EUR 18.4 million to EUR 25.6 million. As a consequence, the operating EBITDA margin rose to 36.6%. The operating pre-tax profit adjusted by FX effects (EUR 3.7 million) and other special effects (EUR 6.0 million) also increased significantly by 51.2% to EUR 19.3 million compared to EUR 12.7 million a year ago. Pre-tax profit up by 122.3% to EUR 28.9 million.