Corporate | 22 October 2012 08:29


ATOSS Software AG: New record sales and earnings, success continues in the company’s 25th anniversary year


ATOSS Software AG / Key word(s): Quarter Results

22.10.2012 / 08:29

Munich, October 22, 2012 – ATOSS Software AG continues to report record sales and earnings for a seventh year in succession. Between January and September 2012 the Munich-based company recorded a 5 percent increase in sales which climbed to EUR 24.5 million (previous year EUR 23.3 million). The operating profit (EBIT) in the same period was up 7 percent at EUR 5.9 million (previous year EUR 5.5 million). The development in software licenses was particularly welcome, with orders booked in the third quarter rising to EUR 2.0 million, well up on the previous year's figure of EUR 1.5 million.

Strong growth in core business
The software business in particular made a major contribution to the increase in sales booked by ATOSS. In the first nine months of 2012 the specialist in workforce management generated software sales amounting to EUR 14.9 million, up 7 percent on the year before (EUR 13.9 million). As a result, this core business as a proportion of overall sales reached a new record of 61 percent (previous year 60 percent). Software licenses accounted for EUR 5.1 million (previous year EUR 4.9 million), with software maintenance contributing EUR 9.8 million (EUR 9.0 million). Consulting sales amounted to EUR 6.5 million, up 5 percent on the year before (EUR 6.2 million).

ATOSS again displays its profitability
Once again ATOSS has proven its considerable profitability. EBIT climbed 7 percent to EUR 5.9 million (previous year EUR 5.5 million). Earnings before taxes (EBT), net profit and earnings per share for the period each rose by 2 percent in the reporting period. EBT came in at EUR 6.8 million (previous year EUR 6.6 million), net profit at EUR 4.6 million (previous year EUR 4.5 million) and earnings per share at EUR 1.15 (previous year EUR 1.13).

With operating cash flow once again strongly positive at EUR 5.3 million (previous year EUR 7.0 million), the company reported a marked increase in liquidity even after paying a dividend. As of September 30, 2012 liquidity stood at EUR 28.7 million, equivalent to EUR 7.21 per share (previous year: EUR 26.3 million and EUR 6.63).

New customers in retail, medical and other verticals
The retail sector remains an area for growth in which ATOSS Software AG has succeeded in recruiting more prominent customers. Among these were denn's, the Number 1 among organic food markets in Germany, Rudolf Wöhrl AG and Starbucks Coffee which has also opted for the ATOSS Retail Solution that is specifically tailored for the retail sector. These and other new customers acquired in a large number of other verticals (medical, manufacturing, hospitality, etc.) underscore the growth prospects for ATOSS Software AG.

This trend extending across all of the sectors and subjects targeted by ATOSS resulted in an order intake amounting to EUR 4.8 million as of September 30, once again matching the previous year's high level. Orders received for software licenses showed a strong increase in momentum, reaching EUR 2.0 million in the third quarter, following on from EUR 1.7 million in Q1 and EUR 1.1 million in Q2. As a result, orders on hand for software licenses rose slightly to EUR 3.0 million (previous year EUR 2.9 million).

Full-year outlook for 2012
Having delivered its nine-months figures, ATOSS is able to report a continuing positive trend in sales and earnings. Against this background, and in view of the orders received and on hand, the Management Board expects to see moderate full-year growth, with a margin on sales securely above 20 percent of operating income (EBIT).

Upcoming dates:
13. and 14.11.2012 Equity forum, Frankfurt am Main
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 AS PER IFRS: 9-MONTH COMPARISON IN TEUR

01.01.2012
– 30.09.2012 		Proportion of
Total sales revenues 		01.01.2011
– 30.09.2011 		Proportion of
Total sales revenues 		Change
2012 / 2011
Sales 24,515 100% 23,346 100% 5 %
Software 14,851 61% 13,930 60% 7 %
Software licenses 5,056 21% 4,914 21% 3 %
Software maintenance 9,795 40% 9,016 39% 9 %
Consulting 6,534 27% 6,236 27% 5 %
Hardware 2,063 8% 2,199 9% -6 %
Others 1,067 4% 981 4% 9 %
EBITDA 6,340 26% 5,900 25% 7 %
EBIT 5,918 24% 5,542 24% 7 %
EBT 6,756 28% 6,599 28% 2 %
Net profit 4,563 19% 4,476 19% 2 %
Cash flow (4) 5,300 22% 6,959 30% -24%
Liquidity (1/2) 28,656 26,349 9 %
EPS (in euro) 1.15 1.13 2 %
Employees (3) 273 259 5 %

CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN TEUR

Q3/12 Q2/12 Q1/12 Q4/11 Q3/11
Sales 8,242 8,437 7,836 8,229 7,584
Software 4,977 5,017 4,857 4,891 4,651
Software licenses 1,655 1,745 1,656 1,772 1,586
Software maintenance 3,322 3,272 3,201 3,119 3,065
Consulting 2,048 2,248 2,238 2,145 1,931
Hardware 851 665 547 607 764
Others 366 507 194 586 239
EBITDA 2,028 2,207 2,105 1,894 1,792
EBIT 1,881 2,070 1,967 1,766 1,665
EBIT margin in % 23% 25% 25% 21% 22%
EBT 2,283 2,147 2,326 1,812 2,617
Net profit 1,551 1,465 1,547 1,199 1,772
Cash flow (4) 3,143 -1,001 3,158 -1,641 3,117
Liquidity (1/2) 28,657 24,615 28,496 24,851 26,349
EPS (in euro) 0.39 0.37 0.39 0.30 0.45
Employees (3) 273 266 265 269 259

(1): Cash and cash equivalents, current and non-current financial assets (e.g. gold, equities); (2): Dividend of EUR 0.71 per share on 23.04.2012 (TEUR 2,823), previous year EUR 0.60 per share (TEUR 2,386); (3): At the end of the quarter/half; (4) Cash flow in comparison with 2011 adjusted for interest income and expenditure, since from December 31, 2011 this is reported within cash flow from investment activities.



End of Corporate News

22.10.2012 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
189535  22.10.2012