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RIB SOFTWARE AG (FRA:RSTA) RIB Software AG: Formation of a Joint Venture with leading global manufacturing Company //Increase of EBIDTDA forecast

Directive transparence : information réglementée

12/09/2016 06:05
RIB Software AG / Key word(s): Joint Venture/Forecast 12.09.2016 06:05 Disclosure of an inside information according to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc-Announcement RIB Software AG - Formation of a Joint Venture with leading global manufacturing Company - Increase of EBIDTDA forecast Publication of Inside Information under Article 17 MAR Stuttgart, 12. September 2016 - RIB Software AG (ISIN DE000A0Z2XN6) ("RIB") has agreed on the formation of a joint venture with a leading global manufacturing service provider for the formation of an international web- based platform for construction project management spanning from design, estimation, cost and end-to-end supply chain management. RIB will invest USD 60 million in the USD 120 million joint venture company for 50 percent ownership and, based on a software delivery order contract (Phase III), RIB will provide latest iTWO 4.0 Cloud Technology software to the joint venture for license fees in the amount of USD 45 million. In addition, the joint venture will obtain supply and manufacturing services from the manufacturing service provider. RIB increases its EBITDA guidance for 2016 from EUR 20-25 million to EUR 27-32 million. The revenue guidance remains unchanged. 12.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: RIB Software AG 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 Indices: TecDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------