DGAP-News: ATOSS Software AG / Key word(s): Quarter Results/Forecast
ATOSS Software AG: ATOSS Software AG presents impressive nine-months
figures, performance continues unbroken in 2011 after five record
years
24.10.2011 / 08:25
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Corporate News
ATOSS Software AG presents impressive nine-months figures, performance
continues unbroken in 2011 after five record years
Munich, October 24, 2011 - ATOSS Software AG continues to report record
figures for the sixth year in succession. Sales in the period from January
to September 2011 were up 9 percent over the year before at EUR 23.3
million, while operating profits (EBIT) at EUR 5.5 million were 5 percent
higher than in the first nine months of 2010. Thanks to strong financial
earnings, pre-tax income (EBT) and earnings per share each rose by an
outstanding 24 percent.
Business climate still benign
ATOSS Software AG, in common with the high-tech sector as a whole, remains
undeterred by deteriorating business expectations in Germany. The
Munich-based specialist in workforce management increased sales in its
software segment by 6 percent to EUR 13.9 million in the first three
quarters. Consulting services were up 9 percent at EUR 6.2 million. Once
again ATOSS has recorded growth above the market average which industry
association BITKOM estimates at around 4 percent for 2011.
Earnings power unchecked, strong financial earnings
The nine-months results presented by ATOSS once again demonstrate the
company's earnings power. Operating profits (EBIT) were 5 percent higher at
EUR 5.5 million (previous year EUR 5.3 million). Thanks to strong financial
earnings, pre-tax income (EBT), net profit and earnings per share for the
period each rose by an outstanding 24 percent. EBT came in at EUR 6.6
million (previous year EUR 5.3 million), net profit at EUR 4.5 million
(previous year EUR 3.6 million) and earnings per share at EUR 1.13
(previous year EUR 0.91).
Operating cash flow at EUR 7.1 million (previous year: EUR 7.0 million)
continued to reflect the unvarying power of the ATOSS business model to
generate liquidity. As of the end of September 2011 the company reported
liquidity of EUR 26.3 million, equal to EUR 6.63 per share (previous year
EUR 22.0 million and EUR 5.55) - representing growth of 20 percent.
Growth driven by research & development
The success achieved in the first nine months of the current financial year
and the continuing outlook clearly underscore the fact that research &
development remain central to the ATOSS growth strategy. R&D expenditure in
the first nine months of 2011 amounted to EUR 4.9 million, or 21 percent of
sales, some 14 percent higher than in the same period last year.
Acquiring customers in core sectors and developing new areas
In addition to expanding its presence in its core retail sector, the
medical business is also becoming steadily more important to ATOSS. For
example, in Q3 2011 the University Clinic operated by the Johannes
Gutenberg University in Mainz joined the ranks of ATOSS customers. In
future, the deployment of around 4,000 staff at the University Clinic will
be planned and controlled using the ATOSS Medical Solution.
A number of rewarding developments in other sectors have been in evidence,
which make it clear that the relevance of workforce management is not only
appreciated in personnel-intensive and personnel-critical branches. Orders
received in the first nine months of 2011 amounted to EUR 4.8 million
(previous year EUR 4.3 million), while orders on hand on September 30 stood
at EUR 2.9 million, up from EUR 2.7 million last year.
ATOSS is on course for a sixth record year in succession.
Having just reported the company's strongest earnings and order book to
date, the Management Board continues to anticipate moderate sales growth in
2011 as a whole with an EBIT margin in excess of 20 percent. ATOSS Software
AG looks forward to a six record year in succession.
Upcoming dates:
14.11.2011 Publication of the 9-monthly financial statements
22.11.2011 Analysts conference / EKF, Frankfurt am Main
|[![CDATA[|[pre|]]]|]
Further information: 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 - 0
Fax: +49 (0) 89 4 27 71 - 100
investor.relations@atoss.com
|[![CDATA[|[/pre|]]]|]
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: 9-MONTH COMPARISON IN T EUR
|[![CDATA[|[pre|]]]|]
01.01.2011
- Proportion 01.01.2010
- Proportion Change
30.09.2011 of
sales 30.09.2010 of
sales 2011 /
2010
Sales 23,346 100% 21,443 100% 9 %
Software 13,930 60% 13,195 62% 6 %
Software 4,914 21% 4,831 23% 2 %
licences
Software 9,016 39% 8,364 39% 8 %
maintenance
Consulting 6,236 27% 5,710 27% 9 %
Hardware 2,199 9% 1,643 8% 34 %
Other 981 4% 895 4% 10 %
EBITDA 5,900 25% 5,606 26% 5 %
EBIT 5,542 24% 5,258 25% 5 %
EBT 6,599 28% 5,316 25% 24 %
Net income 4,476 19% 3,616 17% 24 %
Cash flow 7,102 30% 6,963 32% 20 %
Liquidity 26,349 21,980 20 %
(1/2)
L
EPS (in 1.13 0.91 24 %
EUR)
Employees 259 247 5 %
(3)
|[![CDATA[|[/pre|]]]|]
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: QUARTERLY COMPARISON IN T EUR
|[![CDATA[|[pre|]]]|]
Q3/11 Q2/11 Q1/11 Q4/10 Q3/10
Sales 7,584 7,913 7,848 7,870 7,178
Software 4,651 4,705 4,574 4,652 4,384
Software licences 1,586 1,676 1,652 1,711 1,544
Software maintenance 3,065 3,029 2,922 2,941 2,840
Consulting 1,931 2,184 2,122 2,204 1,928
Hardware 764 548 887 809 502
Other 239 476 265 206 364
EBITDA 1,792 2,054 2,054 1,684 1,928
EBIT 1,665 1,941 1,936 1,582 1,815
EBIT margin in % 22% 25% 25% 20% 25%
EBT 2,617 2,015 1,967 1,642 1,831
Net income 1,772 1,367 1,337 1,183 1,243
Cash flow 3,170 843 3,088 -1,168 4,250
Liquidity (1/2) 26,349 22,375 23,682 20,691 21,980
EPS (in EUR) 0.45 0.34 0.34 0.30 0.31
Employees (3) 259 249 253 247 247
|[![CDATA[|[/pre|]]]|]
(1): Cash and equivalents, current and non-current financial assets (e.g.
gold, equities); (2): Dividend of EUR 0.50 per share on May 3, 2010 (TEUR
1,981) and EUR 0.60 on May 4, 2011 (TEUR 2,386); (3): at the end of the
quarter
End of Corporate News
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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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143122 24.10.2011
DGAP-News: ATOSS Software AG: ATOSS Software AG presents impressive nine-months figures, performance continues unbroken in 2011 after five record years
| Source: EQS Group AG