DGAP-News: ATOSS Software AG: Strong growth and an increase in orders in the first quarter

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| Source: EQS Group AG
DGAP-News: ATOSS Software AG / Key word(s): Quarter Results
ATOSS Software AG: Strong growth and an increase in orders in the
first quarter

17.04.2014 / 08:00

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ATOSS Software AG: Strong growth and an increase in orders in the first
quarter

ATOSS Software AG is setting a highly dynamic pace in financial year 2014.
With sales up 11 percent overall at EUR 9.7 million and outstanding 21
percent growth in software licenses recorded at EUR 2.1 million, the
Munich-based specialist in workforce management remains on course for
further record performance. Despite the sustained high level of investment
in research & development, operating profits (EBIT) also climbed 22 percent
to stand at EUR 2.5 million. With this excellent start to the new financial
year, supported by a very strong intake of orders for software licenses
valued at EUR 2.8 million (previous year EUR 1.3 million), the Management
Board expects continuing growth in 2014 for the ninth year in succession.

Munich, April 17, 2014

The high rates of growth in sales, earnings and orders for software
licenses collectively underscore the sustained pace of development at ATOSS
Software AG in a market environment that remains positive. The trend in the
software sector as a whole clearly illustrates the particular demand for
workforce management solutions: Industry association BITKOM expects to see
full-year growth of around 5 percent in the software industry in 2014.

The engine powering the business model is accelerating markedly
With turnover up 11 percent at EUR 9.7 million and software sales up 12
percent at EUR 5.9 million, the positive development in software licensing
is particularly noticeable. This engine that powers future turnover within
the ATOSS business model is rapidly accelerating, climbing 21 percent in
the first quarter to EUR 2.1 million, while orders for software licenses
more than doubled from EUR 1.3 million to EUR 2.8 million. ATOSS achieved
particular success in the first quarter in acquiring new customers in the
retail sector. The Management Board regards this as further confirmation of
its strategy of addressing individual sectors with the goal of positioning
ATOSS as a full-range provider of workforce management solutions.
Meanwhile, the development in software maintenance remained positive with
sales up 8 percent at EUR 3.8 million, while consulting sales climbed 16
percent to EUR 2.5 million.

Record results demonstrate profitability
ATOSS is a top performer, and not just in sales: Operating profits rose by
a substantial 22 percent to EUR 2.5 million, adding two percentage points
to the margin on sales which came in at 26 percent. With positive financial
earnings of EUR 0.3 million, earnings before taxes (EBT) leapt 18 percent
to EUR 2.8 million. Net earnings in the first quarter were 12 percent
higher at EUR 2.0 million, with earnings per share coming in at EUR 0.50,
compared with EUR 0.44 in the year before. The highly positive development
in business helped to boost cash flow from operations by 60 percent to EUR
4.0 million, while liquidity climbed from EUR 15.3 million on December 31,
2013 to EUR 19.5 million. The equity ratio on March 31 stood at 50 percent,
compared with 51 percent at the end of 2013, proving that ATOSS remains
rock-solid.
Outlook positive, workforce management continues to offer substantial
growth potential
Corporate demand for workforce management solutions remains buoyant as the
high level of incoming orders lifted the volume of orders on hand for
software licenses in the first quarter to EUR 4.1 million, compared with
EUR 3.3 million in the year before. Both the industry environment and the
high level of customer demand offer outstanding prospects for growth. The
Management Board therefore continues to expect the highly positive
development in business to be sustained in the current financial year.
 

CONSOLIDATED OVERVIEW AS PER IFRS: 3-MONTH COMPARISON IN 000 EUR

<pre>

                 01.01.2-  Proportion of  01.01.2-  Proportion of    Change
                      014                      013
                             Total sales                             2014 /
                        -       revenues         -    Total sales      2013
                 31.03.2-                 31.03.2-       revenues
                      014                     013*



Sales               9,653           100%     8,691           100%       11%

Software            5,910            61%     5,275            61%       12%

Software            2,142            22%     1,769            20%       21%
licenses

Software            3,768            39%     3,506            41%        8%
maintenance

Consulting          2,495            26%     2,158            25%       16%

Hardware            1,050            11%       893            10%       18%

Miscellaneous         198             2%       365             4%      -46%



EBITDA              2,662            28%     2,218            26%       20%

EBIT                2,527            26%     2,070            24%       22%

EBT                 2,844            30%     2,404            28%       18%

Net earnings        1,968            20%     1,751            20%       12%

Cash flow           3,979            41%     2,493            29%       60%

Liquidity (1/2)    19,493                   24,370                     -20%

EPS (in euro)        0.50                     0.44                      14%

Employees (3)         293                      279                       5%



</pre>

CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN 000 EUR 

<pre>

                            Q1/14    Q4/13*    Q3/13*    Q2/13*    Q1/13*



Sales                       9,653     9,025     8,949     8,840     8,691

Software                    5,910     5,617     5,369     5,585     5,275

Software licenses           2,142     1,965     1,779     2,025     1,769

Software maintenance        3,768     3,652     3,590     3,560     3,506

Consulting                  2,495     2,375     2,165     2,264     2,158

Hardware                    1,050       768     1,126       569       893

Miscellaneous                 198       264       289       422       365



EBITDA                      2,662     2,094     2,373     2,322     2,218

EBIT                        2,527     1,946     2,230     2,186     2,070

EBIT margin in %              26%       22%       25%       25%       24%

EBT                         2,844     1,385     2,493    -1,962     2,404

Net earnings                1,968       835     1,724    -1,290     1,751

Cash flow                   3,979      -186     5,658       297     2,493

Liquidity (1/2)            19,493    15,249    16,177    10,418    24,370

EPS (in EUR]                 0.50      0.21      0.43     -0.32      0.44

Employees (3)                 293       289       280       280       279



</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 the end of the quarter/half year
* adjusted for the effects of IAS 19 R

Upcoming dates:
30.04.2014  Annual General Meeting, Munich
02.05.2014  Dividend distribution (proposed at EUR 0.72 per share)
13.05.2014  Publication of the three months' statements
22.07.2014  Press release announcing six months' statements
12.08.2014  Publication of the six months' statements
21.10.2014  Press release announcing nine months' statements
14.11.2014  Publication of the nine months' statements
24.-26.11.2014  German Equity Forum, Frankfurt

ATOSS Software AG is a provider of consulting, software and professional
services in the field of demand-oriented personnel planning, and ranks as a
forward-thinking pioneer in the workforce management sector. The company
offers solutions for enterprises of all sizes, whatever their requirement
scenarios. ATOSS solutions are renowned for maximum functionality and
modern JAVA technology, offering users the benefits of total platform
independence. Established in 1987 and meanwhile listed on the stock market,
the company generated sales of around EUR 36 million in financial year
2013. Currently the deployments of around 2.8 million workers employed by
more than 4,500 customers are managed with ATOSS solutions. The company's
software products are in use in 31 countries and eight languages. Customers
include enterprises such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Edeka,
Klinikum Ingolstadt, Klinikum Rosenheim, Lufthansa, MEYER WERFT, Schmitz
Cargobull, Sixt, Stadt Regensburg and W.L. Gore & Associates. Further
information: 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 

 



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17.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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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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263580 17.04.2014