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