Corporate | 22 April 2013 08:00
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ATOSS Software AG / Key word(s): Quarter Results
Munich, 22.04.2013 – ATOSS Software AG has succeeded in increasing sales by 11 percent to EUR 8.7 million in the first quarter of 2013. Despite substantial investments in the future, the specialist in workforce management also saw a further improvement in results. The operating profit (EBIT) at EUR 2.1 million was up 5 percent over the already high figures recorded in the previous year. With orders on hand for software licenses valued at EUR 3.3 million, the outlook for the company’s continuing development in 2013 is positive.
The results ATOSS Software AG posted for the first quarter of 2013 represent a seamless continuation of the past seven record years. The company’s business model continues to prove extremely robust. The 9 percent sales growth in the company’s core software business underscores both the competitive strength of ATOSS, as well as the increasing importance of workforce management as a corporate instrument. Analysts at market research company Technavio see high and sustained potential in this field, due essentially to the increasing need to deploy available resources effectively. Software accounted for sales of EUR 5.3 million (previous year: EUR 4.9 million), equivalent to 61 percent of the company’s overall turnover of EUR 8.7 million. Consulting sales amounted to EUR 2.2 million, on a par with the year before and equating to around 25 percent of the total sales. ATOSS also recorded hardware sales of EUR 0.9 million (previous year: EUR 0.5 million), as well as miscellaneous turnover of EUR 0.4 million (previous year: EUR 0.2 million). In the first quarter ATOSS generated cash flow of EUR 2.5 million (previous year EUR 3.2 million) and reported liquidity of EUR 24.4 million as of March 31, 2013 (previous year: EUR 28.5 million). This was composed of demand and term deposits at banks amounting to EUR 11.1 million along with a gold position of EUR 13.3 million. As of March 31, 2013 the equity ratio stood at 68 percent, compared with 71 percent on December 31, 2012. Even after the dividend distribution of EUR 3.62 per share proposed to shareholders at the AGM on April 26, 2013, ATOSS will still hold substantial liquidity at around EUR 10.0 million at Group level as well as a strong equity ratio.
ATOSS once again displays considerable profitability
Outlook for 2013 remains positive
CONSOLIDATED OVERVIEW AS PER IFRS: 3-MONTH COMPARISON IN EUR’000 EUR
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN TEUR EUR
(1): Cash and cash equivalents, current and non-current financial assets (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 year/quarter
Upcoming dates:
Further information:
http://www.atoss.com
End of Corporate News 22.04.2013 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 |
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| 207854 22.04.2013 |