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 --------------------------------------------------------------------- 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 investor.relations@atoss.com 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: investor.relations@atoss.com 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


Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 33,00 35,50 39,68 44,94 49,54 54,61 62,61 70,50
EBITDA1,2 8,19 9,01 10,31 12,03 14,28 14,88 17,99 20,20
EBITDA-Marge3 24,82 25,38 25,98 26,77 28,83 27,25 28,73 28,65
EBIT1,4 7,62 8,43 9,79 11,34 13,57 14,13 16,92 19,00
EBIT-Marge5 23,09 23,75 24,67 25,23 27,39 25,87 27,02 26,95
Jahresüberschuss1 5,77 3,02 7,03 7,59 9,28 9,33 11,19 12,60
Netto-Marge6 17,48 8,51 17,72 16,89 18,73 17,08 17,87 17,87
Cashflow1,7 3,35 8,26 8,07 7,98 12,24 8,86 12,61 0,00
Ergebnis je Aktie8 1,45 0,76 1,77 1.91 2,33 2,35 2,81 3,00
Dividende8 3,62 0,72 0,88 2,80 1,16 1,17 4,00 1,30
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Atoss Software
WKN Kurs in € Einschätzung Börsenwert in Mio. €
510440 121,500 Kaufen 483,15
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
36,27 25,42 1,421 63,72
KBV KCV KUV EV/EBITDA
38,65 38,32 7,72 25,767
Dividende '17 in € Dividende '18 in € Div.-Rendite '18
in %
Hauptversammlung
1,17 4,00 3,29 30.04.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2019 24.07.2019 24.10.2019 08.03.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,10% 23,09% 54,58% 44,30%
    
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Software , 510440 , AOF , XETR:AOF