Corporate | 22 July 2013 08:00
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ATOSS Software AG / Key word(s): Half Year Results
Munich, July 22, 2013 – Provisional figures show that ATOSS Software AG has set new records in both sales and operating results (EBIT) in the first half of 2013, continuing the highly positive trend that has already been maintained for more than seven years. With sales up 8 percent at EUR 17.5 million, EBIT stood 5 percent higher at EUR 4.3 million. Once again, the specialist in workforce management is generating a substantial margin on sales of 24 percent. As already reported, however, financial earnings were negative – in contrast to the highly positive operating result.
In its core software segment ATOSS recorded growth of 10 percent, lifting sales to EUR 10.9 million. Turnover in software licensing actually climbed 12 percent to EUR 3.8 million. Given that orders received for software licenses at EUR 3.6 million developed even more dynamically (previous year EUR 2.8 million), the Management Board expects growth to continue in the current second half.
ATOSS Software AG has now demonstrated strong earnings from its business operations for an eighth year in succession. The highly positive development in software licenses is particularly significant, since this underpins continuous growth in software maintenance. The ATOSS business model is to a large extent based on the high degree of stability which this maintenance provides. As of June 30, 2013 turnover in software maintenance accounted for 40 percent of overall sales revenues, with software licenses contributing 22 percent and consulting 25 percent.
ATOSS Software AG increased its expenditure on development and sales and marketing as planned in the first half of 2013 as a prerequisite for further growth. Despite this, the company advanced its operating profit by 5 percent from EUR 4.0 million to a new record of EUR 4.3 million. In view of the even higher growth in revenues, the margin on sales (EBIT) came in at 24 percent, compared with 25 percent in the year before. However as already announced, as a result of the development in the gold price, financial earnings were substantially negative at – EUR 3.8 million, leading to a reduction in the remaining earnings parameters. Net income came in at EUR 0.4 million compared with EUR 3.0 million in the year before, with earnings per share down from EUR 0.76 to EUR 0.11. ATOSS succeeded in increasing its cash flow by a substantial 29 percent from EUR 2.2 million in the year before to EUR 2.8 million. As a result of the dividend payment at the end of April, liquidity excluding borrowed funds was EUR 14.2 million lower at EUR 10.4 million, equivalent to EUR 2.62 per share as of June 30, 2013. Also after making a substantial distribution, ATOSS still holds considerable liquidity which at the current time is composed approximately half of sight deposits at banks and half in gold.
Substantial willingness to invest in workforce management
Operating outlook remains positive
Upcoming dates:
Further information:
http://www.atoss.com
CONSOLIDATED OVERVIEW AS PER IFRS: HALF-YEARLY COMPARISON IN TEUR
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN TEUR EUR
(1): Cash and cash equivalents, other current and non-current financial assets (sight deposits, gold) adjusted to exclude borrowings (loans) as of the qualifying date; (2): Dividend of EUR 0.71 per share on 23.04.2012 (TEUR 2,823) and EUR 3.62 on 29.04.2013 (TEUR 14,395); (3): End of quarter / half-year
End of Corporate News 22.07.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group 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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| 222092 22.07.2013 |