22.07.2013
ATOSS Software AG DE0005104400
DGAP-News: ATOSS Software AG: New records in operational business set, strong order intake
DGAP-News: ATOSS Software AG / Key word(s): Half Year Results
ATOSS Software AG: New records in operational business set, strong
order intake
22.07.2013 / 08:00
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Munich, July 22, 2013 - Provisional figures show that ATOSS Software AG has
set new records in both sales and operating results (EBIT) in the first
half of 2013, continuing the highly positive trend that has already been
maintained for more than seven years. With sales up 8 percent at EUR 17.5
million, EBIT stood 5 percent higher at EUR 4.3 million. Once again, the
specialist in workforce management is generating a substantial margin on
sales of 24 percent. As already reported, however, financial earnings were
negative - in contrast to the highly positive operating result.
In its core software segment ATOSS recorded growth of 10 percent, lifting
sales to EUR 10.9 million. Turnover in software licensing actually climbed
12 percent to EUR 3.8 million. Given that orders received for software
licenses at EUR 3.6 million developed even more dynamically (previous year
EUR 2.8 million), the Management Board expects growth to continue in the
current second half.
ATOSS Software AG has now demonstrated strong earnings from its business
operations for an eighth year in succession. The highly positive
development in software licenses is particularly significant, since this
underpins continuous growth in software maintenance. The ATOSS business
model is to a large extent based on the high degree of stability which this
maintenance provides. As of June 30, 2013 turnover in software maintenance
accounted for 40 percent of overall sales revenues, with software licenses
contributing 22 percent and consulting 25 percent.
Particularly gratifying increases in orders booked for software licenses
were recorded, which had climbed 27 percent to EUR 3.6 million (previous
year EUR 2.8 million) as of June 30. Orders on hand for software licenses
at the end of June 2013 amounted to EUR 3.6 million compared with EUR 2.7
million on June 30, 2012.
ATOSS Software AG increased its expenditure on development and sales and
marketing as planned in the first half of 2013 as a prerequisite for
further growth. Despite this, the company advanced its operating profit by
5 percent from EUR 4.0 million to a new record of EUR 4.3 million. In view
of the even higher growth in revenues, the margin on sales (EBIT) came in
at 24 percent, compared with 25 percent in the year before. However as
already announced, as a result of the development in the gold price,
financial earnings were substantially negative at - EUR 3.8 million,
leading to a reduction in the remaining earnings parameters. Net income
came in at EUR 0.4 million compared with EUR 3.0 million in the year
before, with earnings per share down from EUR 0.76 to EUR 0.11.
ATOSS succeeded in increasing its cash flow by a substantial 29 percent
from EUR 2.2 million in the year before to EUR 2.8 million. As a result of
the dividend payment at the end of April, liquidity excluding borrowed
funds was EUR 14.2 million lower at EUR 10.4 million, equivalent to EUR
2.62 per share as of June 30, 2013. Also after making a substantial
distribution, ATOSS still holds considerable liquidity which at the current
time is composed approximately half of sight deposits at banks and half in
gold.
Substantial willingness to invest in workforce management
The competitive strength and the concomitant success of ATOSS Software AG
in its business operations are based on the company's strategy of offering
customers the latest technologies coupled with investment security. The
program of research & development in which ATOSS has been consistently
investing over many years is of central importance. Ongoing expenditure in
this field amounts to more than one fifth of sales, with further additional
investments in the current financial year to strengthen marketing and
access new markets.
In the company's view, the buoyant demand for workforce management products
and services serves as confirmation that its business strategy is correct.
Customers in sectors such as retail, healthcare services, hotels and
catering as well as logistics and manufacturing are particularly willing to
invest. International competition continues to drive up the demand for
agile work processes and flexibility in working hours. High-performance
planning and control instruments are required that are able to synchronize
staffing demands and deployment to optimum effect. ATOSS offers a
comprehensive, holistic approach to workforce management that comprises
demand and workforce forecasting, the design and organization of working
time models, workforce scheduling as well as time and attendance
management.
Operating outlook remains positive
Going forward, the Management Board continues to take a positive view of
the ongoing development in sales and operating profits. Given the
successful business recorded in the first half of 2013 and on the basis of
the strong intake in orders for software licenses, growth is expected to
continue with an EBIT margin securely above 20 percent for 2013.
Upcoming dates:
12.08.2013 Publication of the report for H1 2013
21.10.2013 Press release - statements for Q3 2013
11./12.11.2013 Equity Forum, Frankfurt am Main
15.11.2013 Publication of the report for Q3 2013
Further information: http://www.atoss.com
Contact: ATOSS Software AG
Christof Leiber / Member of the Management Board
Am Moosfeld 3, D-81829 Munich
Tel.: +49 (0) 89 4 27 71 - 0
Fax: +49 (0) 89 4 27 71 - 100
[email protected]
CONSOLIDATED OVERVIEW AS PER IFRS: HALF-YEARLY COMPARISON IN TEUR
01.01.2- Proportion 01.01.2- Proportion Change 013 of 012 of 2013 / - Total - Total 2012 30.06.2- sales 30.06.2- sales 013 012 Sales 17,531 100% 16,273 100% 8% Software 10,860 62% 9,874 61% 10% Software licenses 3,794 22% 3,401 21% 12% hie Software 7,066 40% 6,473 40% 9% maintenance Consulting 4,422 25% 4,486 28% -1% Hardware 1,462 8% 1,212 7% 21% Miscellaneous 787 5% 701 4% 12% EBITDA 4,540 26% 4,312 26% 5% EBIT 4,256 24% 4,037 25% 5% EBT 429 2% 4,473 27% -90% Net income 426 2% 3,012 19% -86% Cash flow (4) 2,790 16% 2,157 13% 29% Liquid Funds 10,418 24,615 -58% L EPS (in euro) 0.11 0.76 -86% Employees (3) 280 266 5%CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN TEUR EUR Q2/13 Q1/13 Q4/12 Q3/12 Q2/12 Sales 8,840 8,691 8,490 8,242 8,437 Software 5,585 5,275 5,292 4,977 5,017 Software licenses 2,025 1,769 1,931 1,655 1,745 Software maintenance 3,560 3,506 3,361 3,322 3,272 Consulting 2,264 2,158 2,182 2,048 2,248 Hardware 569 893 600 851 665 Miscellaneous 422 365 416 366 507 EBITDA 2,322 2,218 1,851 2,028 2,207 EBIT 2,186 2,070 1,702 1,881 2,070 EBIT margin in % 25% 24% 20% 23% 25% EBT -1,968 2,397 1,772 2,283 2,147 Net earnings -1,307 1,733 1,197 1,551 1,465 Cash flow 297 2,493 -1,945 3,143 -1,001 Liquidity (1/2) 10,418 24,370 25,444 28,657 24,615 EPS (in euro) -0.33 0.44 0.30 0.39 0.37 Employees (3) 280 279 276 270 266(1): Cash and cash equivalents, other current and non-current financial assets (sight deposits, gold) adjusted to exclude borrowings (loans) as of the qualifying date; (2): Dividend of EUR 0.71 per share on 23.04.2012 (TEUR 2,823) and EUR 3.62 on 29.04.2013 (TEUR 14,395); (3): End of quarter / half-year End of Corporate News --------------------------------------------------------------------- 22.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: ATOSS Software AG Am Moosfeld 3 81829 München Germany Phone: +49 (0)89 4 27 71-0 Fax: +49 (0)89 4 27 71-100 E-mail: [email protected] Internet: www.atoss.com ISIN: DE0005104400 WKN: 510440 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 222092 22.07.2013
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