Corporate | 31 January 2014 08:00
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ATOSS Software AG / Key word(s): Final Results/Dividend
Munich, 31.01.2014 – Provisional figures show that ATOSS Software AG increased sales by 8 percent to EUR 35.5 million (previous year: EUR 33.0 million) in financial year 2013. The core software business, also up 8 percent, contributed EUR 21.8 million (previous year: EUR 20.1 million). With double-digit growth in operating profits, EBIT was 11% higher at EUR 8.4 million (previous year: EUR 7.6 million), while the EBIT margin was one percentage point higher than last year at 24 percent. The Munich-based specialist in workforce management recorded growth in all product areas, markets and sectors, continuing its record progress for an eighth consecutive year. The Management Board takes a confident view of the current year 2014 and expects further record figures. Once again the core software business made a major contribution to the company’s consistent positive development in sales, accounting for a proportion of turnover that was one percentage point higher at 62 percent. Sales of software licenses, the driving force behind future sales revenues, were 8 percent higher at EUR 7.5 million (previous year: EUR 7.0 million), while software maintenance revenues climbed 9 percent to EUR 14.3 million (previous year: 13.2 million). In its consulting business, ATOSS saw sales rise by 3 percent to EUR 9.0 million (previous year: EUR 8.7 million), while hardware contributed EUR 3.4 million (previous year: EUR 2.7 million), representing 9 percent of overall revenues.
Very strong fourth quarter with sales of EUR 9.0 million
2013 brings double-digit growth in operating profits, 24 percent margin underscores profitability
The Management Board intends to propose that in drafting its resolution on the appropriation of net income, the Supervisory Board recommends a dividend of EUR 0.72 per share. This represents a continuation of the distribution policy adopted by ATOSS more than a decade ago. At the end of April 2013, ATOSS paid a dividend of EUR 0.72 along with a special distribution of EUR 2.90 per share. The recommenda-tions for the appropriation of net income put forward by the Management and Supervisory Boards will be resolved upon at the annual general meeting on April 30, 2014. A strong increase in cash flow from operations was recorded, which amounted to EUR 8.3 million as of December 31, 2013 (previous year: EUR 3.4 million). By contrast, liquidity slipped from EUR 25.4 million in the previous year to EUR 15.3 million as a result of the substantial EUR 14.4 million distribution to shareholders. Nevertheless with funds amounting to EUR 15.3 million, or EUR 3.83 (previous year: EUR 6.40) per share, ATOSS still has considerable liquidity at its disposal, one third of which on the closing date was invested in gold, with two thirds in sight deposits at banks.
Positive outlook for financial year 2014
With solutions that are currently being used by some 4,500 customers with around 2.8 million employees in 31 countries, ATOSS is excellent positioned to exploit this strong potential. The growth prospects and proven robust business model that underpins ATOSS Software AG offer further support for the company’s future outlook. The Management Board therefore anticipates that the company’s record development will continue in the current financial year, with an EBIT margin remaining securely above 20 percent.
Upcoming dates:
CONSOLIDATED OVERVIEW AS PER IFRS: YEAR ON YEAR COMPARISON TO 31 DECEMBER IN 000 EUR (provisional figures for 2013)
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN 000 EUR (provisional figures for Q4 2013)
Cash and cash equivalents, other current and non-current financial assets (sight deposits, gold) as of the qualifying date, adjusted to exclude borrowings (loans); (2): Dividend of EUR 3.62 per share on 29.04.2013 (TEUR 14,395); (3): at the end of the quarter/half year
Further information:
http://www.atoss.com
End of Corporate News 31.01.2014 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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| 250376 31.01.2014 |