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RIB Software Gets Phase-III-contract From SWIETELSKY; Raises Outlook

RIB Software SE (RSTAY.PK), a provider of iTWO 4.0 Cloud Enterprise Platform Technology, has signed a phase-III-contract with SWIETELSKY, headquartered in Linz, Austria. On the basis of the new contract and the business development to date, RIB Software SE has raised its revenue, and operating EBITDA guidance.

For fiscal 2019, RIB Software now expects revenue to be in the range of 210 million euros to 225 million euros, up from a previous range of 200 million euros to 220 million euros. The company now expects operating EBITDA in a range of 46 million euros to 52 million euros from a range of 45 million euros to 50 million euros.

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