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