Corporate | 20 April 2012 08:00
ATOSS Software AG / Key word(s): Quarter Results
20.04.2012 / 08:00
---------------------------------------------------------------------
ATOSS Software AG: Stable development in sales and earnings in Q1
Munich, April 20, 2012 - In the first quarter of 2012 ATOSS Software AG
generated sales of EUR 7.8 million on a par with the year before. In its
core software segment, the specialist in workforce management recorded an
increase of 6 percent with sales coming in at EUR 4.9 million (previous
year EUR 4.6 million). The operating profit (EBIT) at EUR 2.0 million was
slightly higher than the year before (EUR 1.9 million). Thanks to very
strong financial earnings, net income at EUR 1.5 million was 16 percent
higher than the strong figure recorded in the year before (EUR 1.3
million).
Since the company was first founded, the ATOSS business model has developed
along very stable lines. After six record years in succession, this model
continues to prove its validity even in the current rather difficult
economic climate. With overall sales at EUR 7.8 million remaining stable
relative to the year before (previous year EUR 7.8 million), the company's
core software segment accounted for 62 percent of revenues (previous year
58 percent). Software sales rose by a further 6 percent from EUR 4.6
million to EUR 4.9 million. Turnover in the consultancy business at EUR 2.2
million was up 5 percent (previous year EUR 2.1 million).
Profitability remains strong
Despite stable sales the operating profit (EBIT) at EUR 2.0 million was
slightly higher than the previous year's strong figure of EUR 1.9 million.
Thanks to a particularly gratifying financial result, earnings before taxes
(EBT) improved to EUR 2.3 million, while net income at EUR 1.5 million was
16 percent higher than the year before. The return on sales based on EBIT
amounted as in the previous year to 25 percent. Earnings per share were
substantially higher at EUR 0.39 (previous year: EUR 0.34).
Liquidity rises to EUR 28.5 million, outstanding equity ratio of 64
percent. Customers enjoy excellent investment security.
ATOSS continued to record stable development in key parameters such as cash
flow, liquidity and equity ratio, underscoring the excellent investment
security that its customers can look forward to. Besides technological
performance, this is an essential decision-making criterion for corporate
clients.
With cash flow coming in at EUR 3.1 million (previous year EUR 3.1
million), liquidity increased by 20 percent from EUR 23.7 million to EUR
28.5 million. This equates to liquidity per share of EUR 7.17 (previous
year: EUR 5.96). Thanks to the strong development in earnings, even with a
balance sheet total that had risen to EUR 35.5 million by the end of the
quarter, the company continues to report an excellent equity ratio of 64
percent (December 31, 2011: 67 percent)
Management Board confirms forecast for 2012
Following a buoyant intake of orders amounting to EUR 2.1 million for
software licenses in the fourth quarter, orders on hand at the end of 2011
stood at EUR 3.3 million. By contrast in the first three months of the
current financial year, in a generally challenging economic climate the
propensity for investment was initially somewhat subdued. Orders received
amounted to EUR 1.7 million, compared with EUR 2.0 million in the previous
year and orders on hand remained constant relative to the end of 2011 at
EUR 3.3 million (previous year EUR 3.4 million).
Against the background of a robust order book and in the expectation of a
revival in corporate investment activities, the Management Board
anticipates that ATOSS Software AG will continue to record positive
development. Accordingly the Board expects a moderate increase in sales
with an EBIT margin in excess of 20 percent despite planned investments,
particularly in the development of sales and marketing.
Upcoming dates:
23.04.2012 Dividend distribution (proposed at EUR 0.71 per share)
16.05.2012 Publication of the report for Q1 2012
23.07.2012 Press release - statements for H1 2012
13.08.2012 Publication of the report for H1 2012
22.10.2012 Press release - statements for Q3 2012
15.11.2012 Publication of the report for Q3 2012
Further information: 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 - 0
Fax: +49 (0) 89 4 27 71 - 100
investor.relations@atoss.com
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: 3-MONTH COMPARISION IN T EUR
01.01.2012- Proportion 01.01.2011- Proportion Change
31.03.2012 of Total 31.03.2011 of Total 2012 /
sales sales 2011
Sales 7,836 100% 7,848 100% 0%
Software 4,857 62% 4,574 58% 6%
Software 1,656 21% 1,652 21% 0%
licences
Software 3,201 41% 2,922 37% 10%
maintena-
nce
Consulting 2,238 29% 2,122 27% 5%
Hardware 547 7% 887 12% -38%
Other 194 2% 265 3% -27%
EBITDA 2,105 27% 2,054 26% 2%
EBIT 1,967 25% 1,936 25% 2%
EBT 2,326 30% 1,967 25% 18%
Net income 1,547 20% 1,337 17% 16%
Cash flow 3,139 40% 3,088 39% 2%
Liquidity 28,496 23,682 20%
(1/2)
EPS (in 0.39 0.34 16%
euro)
Employees 265 253 5%
(3)
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: QUARTERLY COMPARISON IN T EUR
Q1/12 Q4/11 Q3/11 Q2/11 Q1/11
Sales 7,836 8,229 7,584 7,913 7,848
Software 4,857 4,891 4,651 4,705 4,574
Software licences 1,656 1,772 1,586 1,676 1,652
Software maintenance 3,201 3,119 3,065 3,029 2,922
Consulting 2,238 2,145 1,931 2,184 2,122
Hardware 547 607 764 548 887
Other 194 586 239 476 265
EBITDA 2,105 1,894 1,792 2,054 2,054
EBIT 1,967 1,766 1,665 1,941 1,936
EBIT margin in % 25% 21% 22% 25% 25%
EBT 2,326 1,812 2,617 2,015 1,967
Net income 1,547 1,199 1,772 1,367 1,337
Cash flow 3,139 -1,784 3,170 843 3,088
Liquidity (1/2) 28,496 24,851 26,349 22,375 23,682
EPS (in euro) 0.39 0.30 0.45 0.34 0.34
Employees (3) 265 269 259 249 253
(1): Cash and cash equivalents, current and non-current financial assets
(e.g. gold, equities); (2): Dividend of EUR 0.50 per share on May 3, 2010
(TEUR 1,981) and EUR 0.60 on May 4, 2011 (TEUR 2,386); (3): at the end of
the quarter
End of Corporate News
---------------------------------------------------------------------
20.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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: investor.relations@atoss.com
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
---------------------------------------------------------------------
165429 20.04.2012