29.01.2016
ATOSS Software AG DE0005104400
DGAP-News: ATOSS Software AG: Success story continues with 10th record results in succession
DGAP-News: ATOSS Software AG / Key word(s): Final Results/Dividend
ATOSS Software AG: Success story continues with 10th record results in
succession
29.01.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Success story continues with 10th record results in succession
Munich, January 29, 2016 - ATOSS Software AG has achieved new record sales
and earnings figures for financial year 2015, as provisional figures show.
The company exceeded its targets for the year and hastened its already
dynamic pace of growth. The sustained demand for professional business
management solutions drove all key financial figures to new highs, with
consolidated sales rising 13 percent to EUR 44.9 million. The core software
business saw growth of 12 percent, contributing EUR 26.7 million (previous
year: EUR 23.9 million). Operating profits (EBIT), meanwhile, climbed 16
percent to EUR 11.3 million. The Munich-based specialist in workforce
management has now achieved record figures for the 10th successive year,
maintaining growth and creating the basis for further outstanding business
development.
Thanks to its strategy as a full range provider with a comprehensive range
of solutions for companies of all orders of magnitude, with all ATOSS
solutions available "on premises" or in the cloud and a long-standing focus
on specific sectors, the company has again succeeded in convincing large
numbers of renowned clients that ATOSS is the right partner to choose for
workforce management. This is clearly evidenced by the orders booked for
software licenses which will continue to add significant momentum for
growth in financial year 2016. In total, orders on hand for software
licenses increased from EUR 5.4 million in the past year to stand at EUR
5.9 million as of December 31, 2015, with orders for cloud solutions
advancing strongly from EUR 0.6 million to EUR 2.7 million.
With overall sales revenues up 13 percent to EUR 44.9 million, software
licensing - the driving force behind the ATOSS business model - climbed 16
percent in financial year 2015 to reach EUR 9.8 million. There was a
similar consistent positive trend in software maintenance, with
double-digit growth of 10 percent lifting sales to EUR 16.9 million. As a
result, software sales in total amounted to EUR 26.7 million, representing
an unchanged proportion of 60 percent of consolidated revenues. In view of
the extremely positive order situation for implementation services
following on from software license sales, ATOSS also recorded above-average
growth in consulting, with sales rising 18 percent to EUR 11.9 million,
representing 26 percent of turnover. A gratifying increase in other income
was also recorded, which rose by 39 percent to EUR 1.7 million, due mainly
to the successful establishment and development of the company's hosting
business. Hardware sales amounted to EUR 4.6 million (previous year: EUR
4.5 million).
ATOSS has for years maintained an impressively high level of profitability.
In 2015 once again, operating profits climbed 16 percent to EUR 11.3
million, equating to a margin on sales of 25 percent. Following the sale in
July 2015 of the major part of its investment holdings in gold, as of
December 31 the company posted essentially flat financial earnings of TEUR
-22 (previous year TEUR 508). Powered by the generally excellent
development in business, EPS increased from EUR 1.77 to EUR 1.91. Despite
the dividend payment of EUR 3.5 million at the end of April, net liquidity
rose from EUR 20.6 million to EUR 24.4 million, reflecting the financial
strength and solidity of the ATOSS Group.
Not only was financial year 2015 very successful as a whole: the fourth
quarter also proved particularly strong. With sales coming in at EUR 11.9
million (previous year: EUR 10.9 million), ATOSS recorded the highest
quarterly turnover in the company's 28-year history. EBIT in the fourth
quarter of the financial year amounted to EUR 2.9 million (previous year:
EUR 2.6 million).
The Management Board intends to propose that in resolving on the
appropriation of net income, the Supervisory Board recommends a dividend of
EUR 2.80 per share. This out payment includes a dividend of EUR 0.95
(previous year: EUR 0.88) in accordance with the out payment policy in
previous years and a special dividend amounting to EUR 1.85 per share. The
recommendations for the appropriation of net income put forward by the
Management and Supervisory Boards will be resolved upon at the annual
general meeting on April 26, 2016.
The market for workforce management continues to offer substantial growth
potential. Especially in an environment in which business models are
changing rapidly, the demands made on businesses themselves are growing.
Companies face increasing challenges to improve their productivity and
boost flexibility, while at the same time reducing operating costs.
Consequently, the demand for workforce management solutions is growing.
ATOSS is excellently positioned in this market environment. Not least, the
fact that all products are now available as cloud solutions has opened the
door to new customer groups and yielded additional orders. The orders
booked in the past year for software licenses and the proportion of
software accounted for by contracted cloud solutions together amounting to
EUR 11.1 million (previous year: EUR 10.7 million) leave no room for the
doubt that the growth potential of ATOSS is far from being exhausted.
Against this background, the Management Board expects the success story to
continue in 2016 with an EBIT margin of around 25 percent.
CONSOLIDATED OVERVIEW AS PER IFRS: YEAR ON YEAR COMPARISON IN KEUR
01.01.2015 Proportion 01.01.2014 Proportion Change - of - of 2015 / 31.12.2015 Total 31.12.2014 Total sales 2014 sales Total sales 44,941 100% 39,683 100% 13% Software 26,714 60% 23,878 60% 12% Software licenses 9,838 22% 8,517 21% 16% Software maintenance 16,876 38% 15,361 39% 10% Consulting 11,906 26% 10,104 26% 18% Hardware 4,610 10% 4,466 11% 3% Others 1,711 4% 1,235 3% 39% EBITDA 12,032 27% 10,305 26% 17% EBIT 11,344 25% 9,787 25% 16% EBT 11,322 25% 10,295 26% 10% Net profit 7,591 17% 7,032 18% 8% Cash flow 7,980 18% 8,072 20% -1% Liquidity (1/2) 24,368 20,583 18% EPS in euro 1.91 1.77 8% Employees (3) 340 305 11%CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR Q4/15 Q3/15 Q2/15 Q1/15 Q4/14 Total sales 11,888 11,390 10,956 10,707 10,938 Software 7,125 6,640 6,624 6,325 6,387 Software licenses 2,782 2,391 2,436 2,229 2,443 Software maintenance 4,343 4,249 4,188 4,096 3,944 Consulting 3,125 2,965 3,022 2,794 2,707 Hardware 1,094 1,363 838 1,316 1,401 Others 544 423 472 272 443 EBITDA 3,182 3,000 2,952 2,898 2,758 EBIT 2,909 2,858 2,809 2,768 2,628 EBIT margin in % 25% 25% 26% 26% 24% EBT 2,855 2,587 2,545 3,335 2,770 Net profit 1,867 1,750 1,717 2,257 1,911 Cash flow 7,980 5,692 -550 5,146 -573 Liquidity (1/2) 24,368 27,041 21,820 26,218 20,583 EPS in euro 0.47 0.44 0.43 0.57 0.48 Employees (3) 340 330 318 313 305(1) Cash and cash equivalents, other current and non-current financial assets (sight deposits, gold) as of the qualifying date, adjusted to exclude borrowings (loans) (2) Dividend of EUR 0.88 per share on 29.04.2015 (kEUR 3,499) (3) at the end of the quarter/year Upcoming dates: March 10, 2016 Publication of the annual report for 2015 March 10, 2016 Balance sheet press conference April 22, 2016 Publication of the 3-monthly financial statements April 26, 2016 Annual General Meeting July 22, 2016 Press release announcing the 6-monthly financial statements August 12, 2016 Publication of the 6-monthly financial statements October 25, 2016 Publication of the 9-monthly financial statements Nov. 23-25, 2016 ATOSS at the German Equity Forum Background information ATOSS Software AG is a provider of software, consulting and professional services in the field of demand-oriented deployment of staff, and ranks as a forward-thinking pioneer in the workforce management sector. The company offers solutions for enterprises of all sizes, whatever their requirement scenarios. ATOSS solutions are renowned for maximum functionality and modern JAVA technology, offering users the benefits of total platform independence. Established in 1987 and meanwhile listed on the stock market, the company generated sales of around 44.9 million EUR in financial year 2015. Currently the deployments of around 3 million workers employed by more than 4,500 customers are managed with ATOSS solutions. The company's software products are in use in more than 40 countries and eight languages. Customers include enterprises such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Douglas, EDEKA, Clinical Center Ingolstadt, Clinical Center Rosenheim, Lufthansa, MEYER WERFT, Schmitz Cargobull, Sixt, Municipal of Regensburg, ThyssenKrupp Rasselstein and W.L. Gore & Associates. Further information: 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]--------------------------------------------------------------------------- 29.01.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 432991 29.01.2016
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