30.01.2015
ATOSS Software AG DE0005104400
DGAP-News: ATOSS Software AG: Ninth record year in succession sees sharply accelerated growth, outlook for 2015 positive
DGAP-News: ATOSS Software AG / Key word(s): Final Results/Dividend
ATOSS Software AG: Ninth record year in succession sees sharply
accelerated growth, outlook for 2015 positive
30.01.2015 / 08:00
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Provisional figures indicate that ATOSS Software AG increased sales in the
financial year 2014 by 12 percent to EUR 39.7 million (previous year EUR
35.5 million). Generating double-digit growth overall, the Munich-based
workforce management specialist recorded even higher increases in
individual, important areas such as software licensing and consulting. This
also applies to operating profits (EBIT), which climbed 16 percent to EUR
9.8 million (previous year EUR 8.4 million). And with a corresponding 25
percent margin on sales, following on from 24 percent last year, ATOSS has
also once again succeeded in increasing its profitability.
Sustained high demand for the company's solutions resulted in significant
gains in orders received for software licenses, up by 45 percent at EUR
10.5 million. This was the first time in the history of ATOSS that
licensing orders passed the EUR 10.0 million mark. In 2014, ATOSS recorded
growth in products, markets and sectors and achieved sustained increases in
its market share. The Management Board also takes a confident view of the
current period and expects further record figures for a tenth successive
year.
Munich, January 30, 2015
ATOSS Software AG remained on course for further record performance
throughout 2014, and the outstanding development in orders received
provides a basis for substantial sales and earnings growth in the current
financial year. One of the main reasons lies in the large number of new
enterprise customers acquired in the company's Retail and Healthcare focus
sectors. These successes not only confirm that ATOSS offers first-class
solutions. They also reflect the company's extremely effective ability to
address its target markets through its consistent long-term strategy of
verticalization. Orders on hand for software licenses rose from EUR 3.5
million in the year before to EUR 5.4 million as of December 31, 2014,
providing an outstanding basis for another record year.
The excellent development in business operations and the continued
acceleration in growth in the past financial year underscore the success of
the ATOSS business model. With overall sales coming in at EUR 39.7 million,
software licenses proved a driving force in the reporting period, putting
on double-digit growth of 13 percent. The consistent positive development
in software maintenance over many years was also sustained, with sales up 7
percent at EUR 15.4 million. Software turnover in total amounted to EUR
23.9 million, representing a 60 percent share of consolidated revenues. In
the consulting area - driven by the excellent order intake for
implementation services due to license sales - ATOSS also recorded a 13
percent rise, lifting sales to EUR 10.1 million. Against this background,
hardware sales also increased from EUR 3.4 million to EUR 4.5 million.
For years, ATOSS has maintained an impressively high level of
profitability, as is aptly demonstrated once again by the 16 percent
increase in EBIT which climbed to EUR 9.8 million in the past financial
year, accompanied by a corresponding margin of 25 percent. Earnings per
share, which were materially affected by one-off factors in the previous
year, improved once more, rising from EUR 0.76 to EUR 1.77. Net earnings
also more than doubled, coming in at EUR 7.0 million. Thanks to this
excellent development in business, despite the dividend distribution
totaling EUR 2.9 million at the beginning of May 2014, liquidity was up 35
percent over the year before at EUR 20.6 million.
Not only was the financial year 2014 successful as a whole: The fourth
quarter was particularly strong, yielding the highest quarterly sales in
the company's history at EUR 10.9 million (previous year: EUR 9.0 million).
Orders received for software licenses also hit a new quarterly record of
EUR 3.4 million, while EBIT in the fourth quarter of the financial year
amounted to EUR 2.6 million (previous year EUR 1.9 million)
The Management Board intends to propose that in resolving on the
appropriation of net income, the Supervisory Board recommends a dividend of
EUR 0.88 per share (previous year EUR 0.72). This represents a continuation
of the policy adopted by ATOSS more than a decade ago which foresees year
on year continuity with the distribution of around 50 percent of earnings
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 28, 2015.
Demand for workforce management solutions remains high in almost all
sectors. The Management Board is of the opinion that the market continues
to hold significant potential that ATOSS is ideally positioned to open up
and develop. Especially in the prevailing volatile economic environment,
continuous demand growth has been evident. Business models are changing at
a radical pace and companies are under increasing pressure to find ways of
improving productivity and increasing flexibility, while reducing operating
costs at the same time - a fact that is most strongly underlined by the
orders ATOSS booked in the past financial year 2014.
The proven robust business model that underpins ATOSS Software AG and the
positive outlook for growth offer further support for the company's
excellent future prospects. Consequently, the Management Board anticipates
that the company's record development will also continue for a tenth
successive year in 2015, with an EBIT margin remaining securely above 20
percent.
CONSOLIDATED OVERVIEW AS PER IFRS: YEAR ON YEAR COMPARISON IN 000 EUR
01.01.2- Proportion of 01.01.2- Proportion of Change 014 013 Total sales 2014 / - revenues - Total sales 2013 31.12.2- 31.12.2- revenues 014 013 Sales 39,683 100% 35,505 100% 12% Software 23,878 60% 21,847 62% 9% Software 8,517 21% 7,539 21% 13% licenses Software 15,361 39% 14,308 40% 7% maintenance Consulting 10,104 26% 8,962 25% 13% Hardware 4,466 11% 3,356 9% 33% Miscellaneous 1,235 3% 1,339 4% -8% EBITDA 10,305 26% 9,007 25% 14% EBIT 9,787 25% 8,432 24% 16% EBT 10,295 26% 4,320 12% 138% Net earnings 7,032 18% 3,020 9% 133% Cash flow 8,072 20% 8,262 23,3% -2% Liquidity (1/2) 20,583 15,249 35% EPS (in euro) 1.77 0.76 133% Employees (3) 305 289CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN 000 EUR Q4/14 Q3/14 Q2/14 Q1/14 Q4/13* Sales 10,938 9,985 9,107 9,653 9,025 Software 6,387 5,810 5,771 5,910 5,617 Software licenses 2,443 1,930 2,002 2,142 1,965 Software maintenance 3,944 3,880 3,769 3,768 3,652 Consulting 2,707 2,452 2,450 2,495 2,375 Hardware 1,401 1,384 631 1,050 768 Miscellaneous 443 339 255 198 264 EBITDA 2,758 2,589 2,296 2,662 2,094 EBIT 2,628 2,462 2,170 2,527 1,946 EBIT margin in % 24% 25% 24% 26% 22% EBT 2,770 2,411 2,270 2,844 1,385 Net earnings 1,911 1,639 1,514 1,968 835 Cash flow -573 5,945 -1,279 3,979 -186 Liquidity (1/2) 20,583 21,118 15,325 19,493 15,249 EPS (in EUR] 0.48 0.41 0.38 0.50 0.21 Employees (3) 305 300 295 293 289(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 3.62 per share on 29.04.2013 (TEUR 14,395) and dividend of EUR 0.72 per share on 02.05.2014 (TEUR 2,863); (3): at the end of the quarter/half year * adjusted for the effects of IAS 19 R Upcoming dates: March 12, 2015 Publication of the annual report for 2014 March 12, 2015 Balance sheet press conference April 22, 2015 Press release announcing the 3-monthly financial statements April 28, 2015 Annual General Meeting May 13, 2015 Publication of the 3-monthly financial statements July 22, 2015 Press release announcing the 6-monthly financial statements August 14, 2015 Publication of the 6-monthly financial statements October 22, 2015 Press release announcing the 9-monthly financial statements Nov. 13, 2015 Publication of the 9-monthly financial statements Nov. 23-25, 2015 ATOSS at the German Equity Forum ATOSS Software AG is a provider of consulting, software and professional services in the field of demand-oriented personnel planning, 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 EUR 36 million in financial year 2013. Currently the deployments of around 2.8 million workers employed by more than 4,500 customers are managed with ATOSS solutions. The company's software products are in use in 40 countries and eight languages. Customers include enterprises such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Edeka, Klinikum Ingolstadt, Klinikum Rosenheim, Lufthansa, MEYER WERFT, Schmitz Cargobull, Sixt, Stadt Regensburg 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] --------------------------------------------------------------------- 30.01.2015 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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 317631 30.01.2015
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