DGAP-News: ATOSS Software AG: ATOSS Software AG continues to record growth for eight years in succession: Q3 2013 sets new records


DGAP-News: ATOSS Software AG / Key word(s): Quarter
Results/Preliminary Results
ATOSS Software AG: ATOSS Software AG continues to record growth for
eight years in succession: Q3 2013 sets new records

21.10.2013 / 08:00

---------------------------------------------------------------------

ATOSS Software AG continues to record growth for eight years in succession:
Q3 2013 sets new records

Munich, 21.10.2013 - Provisional figures show that ATOSS Software AG
achieved sales of EUR 26.5 million and an operating profit (EBIT) of EUR
6.5 million in the first nine months of 2013. Revenues were up 8 percent
while EBIT grew by 10 percent, with the margin on sales unchanged at last
year's high level of 24 percent. Q3 2013 was itself the strongest in the
company's history with sales of EUR 8.9 million. The high level of orders
received and on hand underscore the relevance of workforce management.

The company's highly gratifying development at an operating level,
especially in its core software segment, offers proof of the stability of
the ATOSS Software AG business model. Sales of software in the first three
quarters of 2013 climbed 9 percent above the same period last year to reach
EUR 16.2 million (previous year: EUR 14.9 million). This equates to 61
percent of the Group's overall turnover. The software licensing business in
particular developed strongly, putting on 10 percent to stand at EUR 5.6
million (previous year: EUR 5.1 million). Maintenance, too, at EUR 10.7
million (previous year: EUR 9.8 million) was up by 9 percent over the same
period last year, continuing a trend that has been evident for some years.

The order situation has also developed along positive lines. With orders
worth EUR 5.1 million (previous year: EUR 4.8 million) received and an
order book on hand valued at EUR 3.3 million (previous year: EUR 3.0
million) as of 30 September 2013, the Management Board can look forward to
further strong performance from the Munich-based specialist in workforce
management.

Profitability further improved, cash flow up 59 percent
In the first nine months of 2013 ATOSS Software AG has demonstrated the
profitability of its business operations with EBIT up 10 percent at EUR 6.5
million (previous year: EUR 5.9 million). The company can also point to a
stable EBIT margin of 24 percent despite substantial future-oriented
investments in development and marketing. The positive development in
results and accruals and deferrals essentially contingent on the qualifying
dates combined with a reduction in receivables to boost cash flow by a
hefty 59 percent from EUR 5.3 million last year to over EUR 8.4 million as
of 30 September 2013. Following the dividend payment totaling EUR 14.4
million at the end of April, by the third quarter liquidity has already
increased once more to EUR 16.2 million, equivalent to EUR 4.07 per share.
ATOSS continues to dispose over substantial liquid funds which as of 30
September 2013 were composed of one third in gold and two thirds in sight
deposits at banks.

Outlook for financial year 2013 remains positive
The market for workforce management continues to record high rates of
growth. The effective management of personnel requirements and deployments
is of central importance in preserving competitiveness and increasing
economic efficiency. These trends are reflected in the current development
in business at ATOSS. Against this background the Management Board expects
growth seen in previous years to continue during the current year as a
whole, with an EBIT margin securely above 20%.

CONSOLIDATED OVERVIEW AS PER IFRS: 9-MONTH COMPARISON IN KEUR 

<pre>

                 01.01.2-  Proportion of  01.01.2-  Proportion of    Change
                      013                      012                   2013 /
                        -    Total sales         -    Total sales      2012
                 30.09.2-       revenues  30.09.2-       revenues
                      013                      012

Sales              26,480           100%    24,515           100%        8%
Software           16,229            61%    14,851            61%        9%
Software            5,573            21%     5,056            21%       10%
licenses
Software           10,656            40%     9,795            40%        9%
maintenance
Consulting          6,587            25%     6,534            27%        1%
Hardware            2,588            10%     2,063             8%       25%
Miscellaneous       1,076             4%     1,067             4%        1%

EBITDA              6,913            26%     6,340            26%        9%
EBIT                6,486            24%     5,918            24%       10%
EBT                 2,916            11%     6,756            28%      -57%
Net earnings        2,133             8%     4,563            19%      -53%
Cash flow           8,448            32%     5,300            22%       59%
Liquidity (1/2)    16,177                   28,656                      44%
L
EPS (in euro)        0.54                     1.15                     -53%
Employees (3)         280                      273                       3%


</pre>

CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR 

<pre>

                            Q3/13     Q2/13     Q1/13     Q4/12     Q3/12

Sales                       8,949     8,840     8,691     8,490     8,242
Software                    5,369     5,585     5,275     5,292     4,977
Software licenses           1,779     2,025     1,769     1,931     1,655
Software maintenance        3,590     3,560     3,506     3,361     3,322
Consulting                  2,165     2,264     2,158     2,182     2,048
Hardware                    1,126       569       893       600       851
Miscellaneous                 289       422       365       416       366

EBITDA                      2,373     2,322     2,218     1,851     2,028
EBIT                        2,230     2,186     2,070     1,702     1,881
EBIT margin in %              25%       25%       24%       20%       23%
EBT                         2,487    -1,968     2,397     1,772     2,283
Net earnings                1,707    -1,307     1,733     1,197     1,551
Cash flow                   5,658       297     2,493    -1,945     3,143
Liquidity (1/2)            16,177    10,418    24,370    25,444    28,657
EPS (in euro)                0.43     -0.33      0.44      0.30      0.39
Employees (3)                 280       280       279       276       273


</pre>

(1): 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 end of quarter / half-year.

Upcoming dates:
11./12.11.2013  Equity Forum, Frankfurt am Main
15.11.2013  Publication of the report for Q3 2013

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


End of Corporate News

---------------------------------------------------------------------

21.10.2013 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  
---------------------------------------------------------------------  
235275 21.10.2013