ATOSS Software AG / Half Year Results 23.07.2009 Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate News ATOSS Software AG continues on course for record performance, strongest half-year in the company's history Munich, July 23, 2009 - Despite the recession ATOSS Software AG, the specialist in workforce management, continues to maintain its unbroken three-year record performance. In the first half of 2009 the company increased its sales by 6% to EUR 14.2 million. Software sales actually grew by 8% and consulting put on even 13%. Thanks to this success, all of the key performance figures once again showed repeated improvement. Operating profits (EBIT) were up 7% at EUR 2.9 million, while earnings per share rose 21% to EUR 0.52. Overall interest in the solutions offered by ATOSS remained high in first half of 2009, as reflected in the orders received for software licenses. Orders booked were up 48% at EUR 4.2 million. As a result, orders on hand at EUR 3.6 million were 80% higher as of June 30 than in the previous year. When economic times are hard the subject of workforce management becomes more significant than ever. The present widely fluctuating pattern of business and the constantly changing demands on capacity make it particularly difficult to schedule the necessary personnel. Now more than ever there is a need for human resource transparency, highly flexible working hours and demand-driven workforce scheduling and deployment. This is where ATOSS solutions can help by optimizing processes, reducing costs and facilitating increased productivity. The ultimate goal of the client's investment lies in the resulting strategic competitive advantages. Software licenses and consulting in particular demand In the first half-year ATOSS recorded growth in every core area of its business. Only non-core hardware sales registered a decline. Sales of software licenses increased by 11% to EUR 3.1 million. Software maintenance continued to develop positively, putting on 7% to stand at EUR 5.2 million, while strong demand pushed consulting sales up 13% to EUR 4.2 million. As a result software licenses made up 22% (previous year 21%) of consolidated sales, with software maintenance accounting for 37% (previous year 37%) and consulting 29% (previous year 28%). Thanks to its business model, ATOSS is built on a very sound foundation. Total sales in the first half of 2009 amounted to EUR 14.2 million, up from EUR 13.3 million in the same period last year. Further improvement in results, earnings per share up 21% Operating profits (EBIT) were up 7% over the year before at EUR 2.9 million, representing a margin on sales of 21%. Once again ATOSS has set new records, not just for sales but for half-year results as well. Earnings before taxes (EBT) were up 20% at EUR 3.1 million, while net income rose by 20% to EUR 2.1 million and earnings per share climbed 21% to EUR 0.52. Rock solid: Cash flow, liquidity and equity ratio all increased Operating cash flow developed along highly positive lines in the first half, increasing from EUR 0.5 million last year to EUR 3.5 million. In other words, ATOSS generated operating cash flow equivalent to 25% of sales. Liquidity also rose by more than EUR 3.0 million to reach EUR 15.5 million, even though the dividend of EUR 0.44 per share (previous year EUR 0.31) distributed in May entailed an outflow in excess of EUR 1.7 million. Liquidity per share on June 30, 2009 accordingly stood at EUR 3.93 (previous year: EUR 3.12). ATOSS continues to exercise extreme caution in investing its liquid assets in order to maintain its independence from banks and preserve the high degree of security which the company enjoys. The company's outstandingly sound position is underscored by an equity ratio of 61% (previous year 61%). Strong order book underpins planning security In the course of the year to date, ATOSS has secured orders from new customers in the airline, retail and telecommunications sectors as well as from existing clients. Orders for software licenses rose to EUR 4.2 million, an increase of EUR 2.9 million over the year before. Demand in the first quarter was particularly gratifying, while the second quarter represented a normal average. On June 30, 2009, orders on hand for software licenses amounted to EUR 3.6 million, compared with EUR 2.0 million last year and EUR 1.5 million in mid 2007. The main driving force behind our business model thus continues to develop strongly. This success is a product of our extensive investment in our own research and development, amounting to EUR 2.7 million in the first half of 2009, equivalent to 19% of sales. Thanks to the current level of orders on hand, ATOSS can plan ahead with security. The Management Board stands by its forecast for financial year 2009. It is to be expected that ATOSS will at least repeat the record figures achieved last year. Upcoming dates: August 14, 2009 Publication of the 6-monthly financial statements October 22, 2009 Press release announcing the 9-monthly statements November 13, 2009 Publication of the 9-monthly financial statements <pre> Further information available from: http://www.atoss.com Contact: ATOSS Software AG Christof Leiber / Member of the 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> CONSOLIDATED OVERVIEW : Half-yearly comparison to June 30 <pre> In TEUR (as per 01.01.2009 Proportion of 01.01.2008 Proportion of Cha IFRS) - Total sales - Total sales nge 30.06.20 revenues 30.06.20 revenues 09 08 Sales 14,157 100% 13,319 100 % 6% Software 8,350 59% 7,713 58 % 8% of which 3,126 22% 2,820 21 % 11% software licensing hie of which 5,224 37% 4,894 37 % 7% software maintenance Consulting 4,150 29% 3,664 28 % 13% Hardware 909 6% 1,540 12 % -41% Miscellaneous 749 5% 403 3 % 86% EBITDA 3,108 22% 2,916 22 % 7 % EBIT 2,926 21% 2,735 21 % 7% EBT 3,078 22 % 2,555 19 % 20% Net income 2,075 15% 1,731 13 % 20% Cash flow 3,530 25% 522 4 % âº10 0% Liquidity 15,549 12,472 25% (1/2) S EPS (in euro) 0.52 0.43 21% Employees (3) 224 207 8 % </pre> CONSOLIDATED OVERVIEW : Quarterly comparison with the previous year <pre> In TEUR (as per IFRS) Q2/09 Q1/09 Q4/08 Q3/08 Q2/08 Sales 7,026 7,132 6,876 6,748 6,921 Software 4,162 4,188 4,178 4,126 3,996 of which software licensing 1,551 1,575 1,642 1,603 1,513 of which software 2,612 2,613 2,536 2,523 2,484 maintenance Consulting 2,157 1,992 1,839 1,860 1,894 Hardware 345 564 689 540 814 Miscellaneous 361 388 170 222 216 EBITDA 1,498 1,610 1,203 1,310 1,521 EBIT 1,405 1,520 1,097 1,214 1,429 EBIT margin in % 20% 21% 16% 18% 21 % EBT 1,472 1,607 1,166 1,394 1,549 Net income 995 1,080 831 948 1,046 Cash flow 748 2,782 -1,055 3,034 -2,513 Liquidity (1/2) 15,549 16,680 14,000 15,425 12,472 EPS (in euro) 0.26 0.27 0.21 0.24 0.26 Employees (3) 224 220 226 213 207 </pre> (1): Cash and marketable securities (2): Dividend of EUR 0.44 per share paid on 04.05.2009, equivalent to TEUR 1,739 (previous year EUR 0.31 paid on 30.04.2008) (3): At the end of the quarter DGAP 23.07.2009 --------------------------------------------------------------------------- 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, München, Düsseldorf, Stuttgart, Hamburg End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: ATOSS Software AG continues on course for record performance, strongest half-year in the company's history
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