Corporate | 26 April 2007 16:25
ATOSS Software AG / AGM/EGM Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- ATOSS AGM: Shareholders express satisfaction, forecasts may be revised Munich, April 26, 2007 – At the annual general meeting held today, the Management Board of ATOSS Software AG was able to report new records, both for the financial year 2006 and for the first quarter of 2007. It is 20 years now almost to the day since ATOSS was first founded and in that time the company has established itself as a specialist in software solutions covering all aspects of intelligent staff deployment. ATOSS has recorded consistent growth since Q4 2005 and can now offer a portfolio of new Java J2EE-based software clearly focused on its core specialties of working time management and personnel resource planning. As a provider of solutions to a wide range of industries, ATOSS aims to consistently offer market-leading technologies and services for customers of every size in virtually every sector. Strong corporate demand in financial year 2006 for the new Java-based technologies introduced the year before resulted in healthy growth in sales, combined with substantial improvements in results. With sales coming in at € 22.0 million (previous year: € 20.4 million), ATOSS posted a profit on ordinary activities (EBIT) of € 2.8 million (previous year: € 0.6 million). This figure represents a more than fourfold increase in EBIT. The increase in software licensing sales was particularly strong, and the even stronger increase in orders received provides an excellent foundation for the new financial year in 2007. Strong first quarter in 2007 With sales up by 12 % to over € 5.7 million in Q1 2007, ATOSS Software AG recorded another exceptionally strong increase in profits on ordinary activities which rose by 23 %. Earnings before income and taxes came in at € 0.9 million, against € 0.7 million the year before. Taking into account extraordinary income of € 0.4 million deriving from last year‘s sale of the product AENEIS, adjusted operating profits actually trebled. The return on sales based on EBIT in Q1 2007 reached 15 % (previous year: 14 %). The buoyant Q1 cash flow of € 3.0 million (previous year: € 2.7 million) reflected the positive development in business and helped boost liquidity even further to € 13.6 million, or € 3.44 per share. ATOSS continues to enjoy first-class funding power and highly comfortable liquid reserves. AGM virtually unanimous in approving all agenda items The shareholders received the Management Board’s report on the healthy development in business and the company‘s strategy with positive approval and endorsed the management’s proposals by an overwhelming majority. In addition to the usual agenda items including formal approval of the Management and Supervisory Boards and the election of the auditor, the meeting also voted on the appropriation of net profits. A resolution was duly adopted to pay a dividend of € 0.24 per share out of the net income of around € 2.5 million for 2006 and carry forward the remainder in excess of € 1.5 million to new account. Outlook remains conservative but forecasts subject to revision For the time being, the Management Board stands by its conservative outlook for the current year 2007 which foresees a mild increase in results over the year before (EBIT) after adjustment for extraordinary effects. According to ATOSS Management Board Chairman Andreas F.J. Obereder, however, it is conceivable that this forecast may be revised. With strong customer demand continuing in Q1 2007 and orders received for software licenses rising by 21 percent over the year before to € 1.2 million (previous year: € 1.0 million), the trend in business remains positive. What’s more, ATOSS achieved results in the first quarter which far exceeded not only the figures for the previous year, but also the company‘s own projections. Nevertheless the Management Board intends to await developments in Q2 before making any revision to its forecasts. Upcoming dates: April 27, 2007 Dividend payment of € 0.24 per shareFurther information available from: 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 – 265 Fax +49 (0) 89 4 27 71 – 100 investor.relations@atoss.comDGAP 26.04.2007 ---------------------------------------------------------------------- Language: English Issuer: ATOSS Software AG Am Moosfeld 3 81829 München Deutschland Phone: +49 (0)89 4 27 71-0 Fax: +49 (0)89 4 27 71-100 E-mail: revolution-in-time@atoss.com www: www.atoss.com ISIN: DE0005104400 WKN: 510440 Indices: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------