Corporate | 24 April 2008 08:29
ATOSS Software AG / Quarter Results/Quarter Results Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Corporate News ATOSS Software AG accelerates growth still further in Q1 2008 Munich, April 24, 2008 – In the first quarter of the year ATOSS Software AG, the specialist in software solutions covering all aspects of intelligent staff deployment, has recorded substantial increases in all important key figures relative to the same period last year. The company has not only maintained but actually accelerated the continuing growth which it has sustained since Q4 2005. Sales were up by 12 %, while the operating result showed an outstanding increase of around 50 %. With total sales coming in at € 6.4 million in Q1 2008 compared with € 5.7 million last year, ATOSS boosted its turnover by 12 % and exceeded the rate of increase recorded both in financial year 2007 as a whole (+11 %) as well as in the fourth quarter of 2007 (+10 %). EBIT as the principal indicator of operating results climbed 50 % to stand at € 1.3 million. Operating margin on sales reaches 20 % As a result of the exceptional improvement in results, the margin on sales reached a record 20 %. Even after adjusting for one-off effects which impacted positively on profits on ordinary business activities in the first quarter of 2008, the EBIT margin still rose to 17 %, compared with 15 % in the year before. All of the other key figures were also substantially improved: Taking into account a one-off negative effect which impacted the financial result, net income climbed 18 % from € 0.6 million to € 0.7 million. Earnings per share (EPS) came in at € 0.17, compared with € 0.15 in Q1 2007. Software licenses power business development The improvement in overall sales recorded by ATOSS Software AG was once again the product of highly positive developments in all areas. However growth was predominantly powered by the real driving force, the software licensing business. Sales of software licenses were up from € 1.2 million in the previous year to € 1.3 million in the first quarter of 2008. This clear increase of 12 % further reinforces the positive trend evident in the year before. Likewise in the field of software maintenance, sales rose strongly by 9 % from € 2.2 million to € 2.4 million. Overall ATOSS succeeded in recording growth of 10 % in software related sales, taking software sales to over € 3.7 million, while consulting services at approaching € 1.8 million posted an increase of 19 %. Given that consulting sales largely represent an advance indicator of the future trend in software licenses, this welcome development is of particular significance. Sales of hardware were also expanded, rising 4 % to € 0.7 million. Cash flow from operations stands at € 3.0 million, liquidity at € 4.10 per share The positive progress made by ATOSS was also reflected in the company’s cash flow which came in at over € 3.0 million in a repeat of the previous year’s strong performance. Against this backdrop, liquidity climbed 20 % from € 13.6 million to € 16.4 million, equal to € 4.10 per share. ATOSS Software AG continues to display outstanding funding power and very high reserves of liquidity with a comparatively strong equity ratio of 53 % (previous year: 52 %). Positive outlook for the current financial year 2008 As further evidence of the strength of customer demand, orders on hand as of March 31, 2008 stood at € 1.5 million, up 9 % over the year before. The ATOSS Board of Management therefore expects the company’s positive development to continue. The Board anticipates that the operating result (EBIT) for financial year 2008 will increase to an excess of € 4 million (previous year: € 3.7 million). Upcoming dates: April 29, 2008 Annual General Meeting, Munich April 30, 2008 Dividend distribution (proposed at EUR 0.31 per share)Further 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.comCONSOLIDATED OVERVIEW : Year-on-year comparison as of March 31In T€ as per 01.01.2008 Proportion 01.01.2007 Proportion Change 31.03.2008 of sales 31.03.2007 of sales Sales 6,399 100 % 5,729 100 % 12 % Software 3,717 58 % 3,373 59 % 10 % software lic. 1,307 20 % 1,163 20 % 12 % software main. 2,410 38 % 2,210 39 % 9 % Consulting 1,770 28 % 1,492 26 % 19 % Hardware 725 11 % 697 12 % 4 % Miscellaneous 186 3 % 167 3 % 11 % EBITDA 1,395 22 % 988 17 % 41 % EBIT 1,306 20 % 868 15 % 50 % EBT 1,006 16 % 960 17 % 5 % Net income 685 11 % 580 10 % 18 % Cash flow 3,035 47 % 3,000 52 % 1 % Liquidity (1) 16,375 13,619 20 % EPS (in euro) 0.17 0.15 17 % Employees (3) 198 180 10 %CONSOLIDATED OVERVIEW : Quarterly comparison with the previous yearIn T€ as per IFRS Q1/08 Q4/07 Q3/07 Q2/07 Q1/07 Sales 6,399 6,670 6,099 5,924 5,729 Software 3,717 3,900 3,782 3,594 3,373 of which software licensing 1,307 1,419 1,482 1,345 1,163 of which software maintenance 2,410 2,481 2,300 2,249 2,210 Consulting 1,770 1,740 1,489 1,486 1,492 Hardware 725 678 644 664 697 Miscellaneous 186 352 184 180 167 EBITDA 1,395 1,050 1,020 1,147 988 EBIT 1,306 941 907 1,014 868 EBIT margin in % 20 % 14 % 15 % 17 % 15 % EBT 1,006 1,075 1,028 1,108 960 Net income 685 693 564 664 580 Cash flow 3,035 -1,325 3,238 -762 3,000 Liquidity (1/2) 16,375 13,468 14,841 11,743 13,619 EPS (in euro) 0.17 0.17 0.14 0.17 0.15 Employees (3) 198 195 192 188 180(1): Cash and marketable securities (2): Dividend of € 0.24 per share paid on April 27, 2007 (3): At end of quarter 24.04.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- 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 Internet: www.atoss.com ISIN: DE0005104400, DE0005104400 WKN: 510440, 510440 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------