Ad-hoc | 24 October 2003 06:59

ATOSS Software AG english

ATOSS Software AG – Q1 – Q3 2003 Preliminary Figures Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– According to provisional figures for the period from January 1, through to September 30, 2003, ATOSS Software AG, Munich, has recorded a slight rise in sales over the past year in connection with a considerable improvement in performance. On sales of EUR 17.4 (previous year: EUR 16.7 m; increase of 4%) EBIT was up by more than 100% to EUR 1.7 m (EUR 0.7 m). Liquidity rose to 38.0 m EUR (EUR 33.4 m) and the cash flow was recorded at EUR 4.3 m (EUR 3.6 m). A look to the company’s operating areas shows that sales in Software division moved up by 6% from EUR 8.9 m to EUR 9.4 m, while the Consulting division experienced a slight decline by 2% to EUR 5.0 m (EUR 5.1 m). Sales in the Hardware division climbed by 14 % to EUR 2.1 m. In spite of the continued weak economic environment, the company succeeded in advancing sales of software licenses by 3% to EUR 3.9 m. The increased demand for software solutions in the areas of working time management and personnel deployment planning is evident when by regarding the development of incoming orders. At EUR 4.4 m, incoming orders for software licenses in the first nine months of the year showed a marked increase of 21 % over the same period last year (EUR 3.6 m). In the first nine months of the year earnings before interest, taxes, depreciation and amortization (EBITDA) rose to EUR 2.5 m (EUR 1.5 m), the EBITDA margin was recorded at 14% ( 9%). In the period from January to September, earnings before interest and tax showed a marked increase over last year from EUR 0.7 m to more than EUR 1.7 m and the EBIT margin totaled 10% (4%). Pre-tax earnings (EBT) rose by 36 % from EUR 1.6 m to EUR 2.2 m, which translates as an EBT margin of 13 % (10%). In spite of weak markets ATOSS – also based on the high volume of orders in hand in the software licenses area – expects to post considerably increased quarterly sales and results in the ongoing fourth quarter over the third quarter. Therefore, the overall aim for the 2003 business year remains as originally defined, namely achieving a considerable improvement of earning power on a slight increase in sales. Following on an EBIT margin of just under 6% last year, the figure in the ongoing year is expected to be in the region of 10%. Contact: Christof Leiber LL.M., Tel.:+49 (0) 89 42771 265, Fax: +49 (0) 89 4 27 71 – 100, Email: revolution-in-time@atoss.com end of ad-hoc-announcement (c)DGAP 24.10.2003 ——————————————————————————– WKN: 510440; ISIN: DE0005104400; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover und Stuttgart 240659 Okt 03