logo
Plus   Neg
Share
Email

RIB Software Signs Contract With German Highway Authority

RIB Software SE said that it has signed a major iTWO 4.0 Phase III contract with the German Highway Authority "Die Autobahn GmbH des Bundes" with a volume of approximately 15 million euros over the next 4 year. Of which approximately 8.7 million euros will be realised as NRR in the second quarter of 2020.

The company noted that the contract had already been announced on 31 January 2020. On this basis, and taking into account the further probable consequences of the COVID 19 pandemic, provided that these do not intensify in the course of the year, the company issued a guidance for the 2020 financial year of the RIB Group. The company expects revenues between 240 million euros and 270 million euros and an operating EBITDA between 55 million euros and 75 million euros.

Starting 1 January 2021, the German Highway Authority will assume responsibility for the planning, construction, operation, maintenance, financing and asset management of the motorways and highways in Germany, RIB Software said in a statement.

From this date onwards, the federal motorways will no longer be managed under contract by the federal states, but under federal administration.

For comments and feedback contact: editorial@rttnews.com

Business News

RELATED NEWS
Follow RTT