DGAP-News: ATOSS Software AG / Key word(s): Half Year Results/Quarterly / Interim Statement ATOSS Software AG: Strong growth continues as high profitability is sustained 24.07.2018 / 08:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- ATOSS Software AG has continued its dynamic development from the first quarter and expanded its sales growth in the second quarter 2018. According to preliminary figures, sales at the Munich-based specialist for workforce management recorded double-digit growth of 11 percent in the first six months of 2018 to EUR 29.4 million. ATOSS once again underlined its profitability with a 12 percent increase in operating profits (EBIT) to EUR 7.5 million as well as an EBIT margin of 25 percent. Against the backdrop of the outstanding order situation, the Management Board has reiterated the sales and earnings forecast it made at the start of the year. Munich, July 24, 2018 ATOSS Software AG has seamlessly sustained the trend of the last twelve record-breaking years and has underlined the success of its strategic approach with another set of outstanding results. Thanks to customer-oriented innovations and the successful development of cloud solutions, ATOSS has also succeeded in continually expanding its dynamic growth in the first half of the year. This is highlighted particularly impressively by the orders received for software licenses and the software component of contracted cloud subscriptions during the first six months of the year, which rose by 20 percent from EUR 6.4 million to EUR 7.7 million overall. Double-digit growth rates were also achieved in sales revenues. Software sales within the Group grew by 12 percent to EUR 18.5 million and therefore made up 63 percent of Group sales overall (previous year: 63 percent). Within software income, the largest driver of growth came from recurring sales from cloud solutions, which more than doubled to EUR 1.8 million (previous year: EUR 0.8 million). Sales from software licenses totaled EUR 6.0 million (previous year: EUR 6.1 million). The software maintenance business also enjoyed a successful first half of the year, sustaining the consistent positive development of past periods. Sales in this area rose by 11 percent to EUR 10.8 million. Sales from consulting services, which have grown continuously over past years, came in at EUR 8.5 million (previous year: EUR 7.1 million), representing a substantial rise of 19 percent over the previous year period. Hardware sales totaled EUR 1.8 million (previous year: EUR 1.9 million), while other sales came in at EUR 0.7 million (previous year: EUR 0.9 million). Return on sales based on EBIT was recorded at the 25-percent level forecast by the Management Board for the financial year 2018, and that despite substantially higher expenditure year on year, particularly on research and development, as well as higher personnel expenses from the expansion of capacities in Sales and Customer Services. As of June 30, 2018, earnings per share increased by 14 percent to EUR 1.25 (previous year: EUR 1.10). Even after the dividend payment of around EUR 1.17 per share (EUR 4.7 million in total) made on May 2, 2018, ATOSS still owns a respectable position of liquidity of EUR 25.9 million at the end of the first half of the year (previous year: EUR 23.7 million). The sustained stability and profitability, in combination with the highly positive market forecasts, prove that the growth potential of ATOSS is still far from exhausted. In particular, the promising order pipeline provides an outstanding foundation moving forward, with orders on hand for software licenses of EUR 5.1 million (previous year: EUR 5.1 million) and cloud solutions valued at EUR 12.1 million (previous year: EUR 6.9 million). As a result, the Management Board has reiterated the forecast it provided at the start of the year for a continuation of sales development on a par with the growth rates of the financial year 2017 within a +/- 3 percent corridor. The EBIT margin is expected to remain at around 25 percent despite the investments already made and further planned, particularly in developing new markets, and the continuing high level of expenditure on research & development amounting to around one fifth of sales. CONSOLIDATED OVERVIEW AS PER IFRS: HALF-YEARLY COMPARISON IN KEUR 01.01.2018 Proportion 01.01.2017 Proportion Change - of Total - of Total 2017 / 30.06.2018 sales 30.06.2017 sales 2016 Total 29,446 100% 26,512 100% 11% sales Softwar- 18,513 63% 16,600 63% 12% e License- 5,970 20% 6,050 23% -1% s Mainten- 10,757 37% 9,705 37% 11% ance Cloud 1,785 6% 846 3% 111% Consult- 8,451 29% 7,104 27% 19% ing Hardwar- 1,780 6% 1,938 7% -8% e Others 703 2% 869 3% -19% EBITDA 7,942 27% 7,009 26% 13% EBIT 7,472 25% 6,643 25% 12% EBT 7,391 25% 6,580 25% 12% Net 4,986 17% 4,376 17% 14% profit Cash 4,366 15% 4,042 15% 8% flow Liquidi- 25,862 23,735 9% ty (1/2) EPS in 1.25 1.10 14% euro Employe- 436 388 12% es (3) CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR Q2/18 Q1/18 Q4/17 Q3/17 Q2/17 Total sales 14,926 14,520 14,585 13,510 13,521 Software 9,265 9,248 9,252 8,733 8,532 Licenses 2,897 3,073 3,455 3,177 3,174 Maintenance 5,420 5,337 5,147 5,036 4,909 Cloud 947 838 650 520 449 Consulting 4,284 4,167 3,922 3,686 3,469 Hardware 1,016 764 1,024 756 995 Others 362 341 387 335 525 EBITDA 3,849 4,093 4,114 3,756 3,518 EBIT 3,624 3,848 3,920 3,563 3,329 EBIT margin in % 24% 27% 27% 26% 25% EBT 3,616 3,775 3,950 3,530 3,210 Net profit 2,436 2,550 2,691 2,263 2,120 Cash flow -1,368 5,734 -797 5,612 -873 Liquidity (1/2) 25,862 31,584 27,122 28,715 23,735 EPS in euro 0.61 0.64 0.68 0.57 0.53 Employees (3) 436 425 417 408 388 (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 1.17 per share on 02.05.2018 (kEUR 4,653) and dividend of EUR 1.16 per share on 04.05.2017 (kEUR 4,613) (3) at the end of the quarter/year Upcoming dates: August 10, 2018 Publication of the 6-monthly financial statements October 24, 2018 Publication of the 9-monthly financial statements November 27, 2018 ATOSS at the German Equity Forum Background information ATOSS Software AG is a provider of consulting, software and services focusing on professional workforce management and demand optimized personnel deployment. From conventional working time management to mobile apps, detailed workforce forecasting, sophisticated workforce scheduling or strategic capacity and demand scheduling, ATOSS has the right solution - in-the-cloud or on-premises. The modular product families are distinguished by maximum functionality and state-of-the-art technology and are entirely platform-independent. ATOSS workforce management solutions are now delivering measurable contributions to greater value creation and competitive strengths for around 5,500 customers in 43 countries, while at the same time enhancing fair planning and job satisfaction. Customers include enterprises such as Coca Cola, Deutsche Bahn, Edeka, Leverkusen Clinical Center, Lufthansa, Meyer Werft, Schmitz Cargobull, Sixt, the municipality of Regensburg and W.L. Gore & Associates. More information is available at: 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] --------------------------------------------------------------------------- 24.07.2018 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: ATOSS Software AG Rosenheimer Str. 141 h 81671 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, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 707025 24.07.2018