DGAP-News: ATOSS Software AG: Accelerated growth, record performance continues


ATOSS Software AG / Final Results/Quarter Results

31.01.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Corporate News

ATOSS Software AG: Accelerated growth, record performance continues.

Munich, January 31, 2008 – In 2007, ATOSS Software AG, the specialist for
software solutions revolving around intelligent workforce management and
scheduling, has once again stepped up growth, following on the record
performance of the 2006 business year. Both the fourth quarter as well as
the 2007 business year have set new top performance figures. In 2007, ATOSS
generated sales of EUR 24.4 million (previous year: EUR 22.0 million) and
boosted the results of ordinary business activities by 34% to more than EUR
3.7 million (previous year: EUR 2.8 million). In view of the very strong
order intake, continued positive corporate development is anticipated.

In 2007, especially strong sales growth reflected by a 17% increase to EUR
5.4 million (previous year: EUR 4.6 million) was generated by the company’s
core business, namely software licenses sales. The software maintenance
sales rose by 11% to EUR 9.2 million (previous year: EUR 8.3 million) and
consulting sales were up by 12% to EUR 6.2 million (previous year: EUR 5.6
million).

Decisive for the 2008 business year is the fact that both the intake of
orders, as well as the orders on the books show strong growth. Incoming
software licenses orders rose to EUR 6.1 million (previous year: EUR 5.4
million), while orders on hand increased to EUR 1.9 million as per December
31, 2007 (previous year: EUR 1.3 million).

The gratifying high volume of order intake and the ensuing level of orders
on the books in software licenses underscore the stability of the sustained
and positive trends at ATOSS. In view of this situation, the company’s
management board expects a continuation of the profitable growth course.

Strong performance developments

The all-time record sales set since the foundation of the company in 1987
were followed by record figures in all key performance indicators
accordingly. The result of ordinary business activities (EBIT) came in
above EUR 3.7 million and not only clearly exceeded the prior year figure
by 34%, but also surpassed the upvalued forecast issued in October 2007 by
at least EUR 3.4 million. With these figures, ATOSS has generated a sales
of margin of 15% (previous year: 13%).

By comparison with the prior year, earnings per share were up from EUR 0.48
to EUR 0.63, and thereby markedly exceeded analyst expectations that had
been repeatedly pegged higher up to EUR 0.57 at the last estimation.

Continued upwards trend in dividend outpayments 

At the Annual General Meeting a dividend outpayment of EUR 0.31 per share
will be proposed (previous year: EUR 0.24), which equals a dividend yield
of around 4%. According to the ATOSS dividend policy, the proposal is once
again at the upper limit of the dividend outpayment bandwidth of 30% to
50%.

R&D expenditures equal 19% of sales, cash flow at 17%

As business success is mainly driven by the focus of the software portfolio
on the core topics of working time management and workforce management and
scheduling, as well the ability to remain on the leading edge of technology
standards (J2EE Java), these high investments are especially instrumental
in securing the technology lead that ATOSS holds.

In view of the above, expenditures on research and development were
increased by 18% from EUR 3.9 million to EUR 4.6 million. ATOSS commits 19%
of sales to the technical and functional further development of the
company’s products. Against the backdrop of the very positive business
developments, these above average investments continued to be financed out
of the strong cash flow. In the year under report, the cash flow was
recorded at EUR 4.2 million (previous year: EUR 4.3 million) with which
ATOSS has generated a cash flow equalling 17% of sales. Once again, these
figures document the liquidity generating strength of the business model in
an impressive manner.

Liquidity of EUR 13.5 million, equity return at top level at 24%  

Dynamic business developments at ATOSS also resulted in a further rise in
liquidity to a total of EUR 13.5 million as per December 31, 2007(previous
year: EUR 10.8 million) and EUR 3.39 per share (previous year: EUR 2.75).
This puts the equity ratio at 59% (previous year: 55%).

ATOSS generated an equity return of 24% following on 22% in the prior
year,and has thereby set a new best figure since 2000, the year the company
was launched on the stock market.

Outlook positive, investment confidence remains strong 

In the 2007 business year the company succeeded in stepping up growth in
sales and results by a considerable measure. Posting a sales increase of
11%, ATOSS succeeded in outpacing market growth and thereby staked out
additional market shares. In its 20th year, the company has secured an
excellent position, and the management board, based on the strong order
intake, is anticipating continued strong business developments. Neither
throughout the course of the last year nor currently are declining customer
interest or weaker investment propensity in evidence. Consequently, the
company expects continued profitable growth in the ongoing 2008 business
year.

GROUP OVERVIEW : Year-on-year comparison as of December 31 (figures for
2007 are provisional!)<pre>

In T€ as per IFRS      01.01.2007   Propo-    01.01.2006   Propo-   Cha-
                      - 31.12.2007   rtion   - 31.12.2006   rtion    nge
                                        of                     of
Revenues                   24,422     100%        21,991     100%    11%
Software                   14,649      60%        12,929      59%    13%
of which software           5,409      22%         4,612      21%    17%
licenses
of which software           9,240      38%         8,317      38%    11%
maintenance
Consulting                  6,207      25%         5,558      25%    12%
Hardware                    2,683      11%         2,809      13%    -4%
Other                         883       4%           695       3%    27%
EBITDA                      4,206      17%         3,210      15%    31%
EBIT                        3,730      15%         2,779      13%    34%
EBT                         4,172      17%         3,193      15%    31%
Net income                  2,501      10%         1,885       9%    33%
Cash flow                   4,152      17%         4,312      20%    -4%
Liquidity (1/2)            13,468                 10,784             25%
EPS (in euro)                0.63                   0.48             31%
Employees (3)                 195                    169             15%</pre>

GROUP OVERVIEW : Quarters in T€ (as per IFRS) (Figures for Q4/2007 are
provisional)<pre>

In T€ as per IFRS               Q4/07    Q3/07    Q2/07    Q1/07    Q4/06
Revenues                        6,670    6,099    5,924    5,729    6,061
Software                        3,900    3,782    3,594    3,373    3,459
of which software licenses      1,419    1,482    1,345    1,163    1,252
of which software maintenance   2,481    2,300    2,249    2,210    2,206
Consulting                      1,740    1,489    1,486    1,492    1,489
Hardware                          678      644      664      697      904
Other                             352      184      180      167      209
EBITDA                          1,050    1,020    1,147      988      798
EBIT                              941      907    1,014      868      684
EBIT-Marge in %                   14%      15%      17%      15%      11%
EBT                             1,075    1,028    1,108      960      809
Net Income                        693      564      664      580      488
Cash Flow                      -1,325    3,238     -762    3,000   -1,045
Liquidity (1/2)                13,468   14,841   11,743   13,619   10,784
EPS (in euro)                    0.17     0.14     0.17     0.15     0.12
Employees (3)                     195      192      188      180      169</pre>

(1) Cash and marketable securities (2) Dividend of € 0.24 per share paid on
April 27, 2007 (3) At the end of the quarter

Upcoming dates:

March 13,2008 Consolidated financial statements / Annual report / Press
conference on financial statements

April 24, 2008 Press release on first quarter 

April 29, 2008 Annual General Meeting, Munich<pre>

Further information is available from: http://www.atoss.com
Contac: ATOSS Software AG
Christof Leiber / Management Board
Am Moosfeld 3, D-81829 Munich
Tel.: +49 (0) 89 4 27 71 – 265
Fax: +49 (0) 89 4 27 71 – 100
investor.relations@atoss.com</pre>
DGAP 31.01.2008 
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Language:     English
Issuer:       ATOSS Software AG
              Am Moosfeld 3
              81829 München
              Deutschland
Phone:        +49 (0)89 4 27 71-0
Fax:          +49 (0)89 4 27 71-100
E-mail:       revolution-in-time@atoss.com
Internet:     www.atoss.com
ISIN:         DE0005104400
WKN:          510440
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News                                     DGAP News-Service
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