DGAP-News: ATOSS Software AG / Key word(s): Half Year Results/Quarter
Results
ATOSS Software AG: Growth continues with the best half-year in the
company's history; strong order intake sustained, outlook positive
22.07.2014 / 08:00
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ATOSS Software AG: Growth continues with the best half-year in the
company's history; strong order intake sustained, outlook positive
ATOSS Software AG remains on course for continuing growth after posting new
record figures for the first half of 2014. With sales up 7 percent at EUR
18.8 million, operating profits (EBIT) were 10 percent higher at EUR 4.7
million. The margin on sales came in at 25 percent compared with 24 percent
last year. The workforce management specialist has again succeeded in
intensifying its dynamic growth and profitability. During the reporting
period, ATOSS recorded a continuous increase in demand for its solutions,
with orders received for software licenses coming in 52 percent higher at
EUR 5.4 million. The company successfully acquired numerous new enterprise
customers in the medical and retail sectors in particular. Against this
background, the Management Board expects the sustained positive development
in business to continue in the current second half of 2014.
Munich, July 22, 2014
For the ninth year in succession ATOSS Software AG has recorded a highly
gratifying development in sales and earnings. The company once again has
new record figures to report, not least the volume of orders received for
software licenses which amounted to EUR 5.4 million, some 52 percent higher
than the figure of EUR 3.6 million for the first half of last year. Orders
on hand for software licenses as of June 30, 2014 accordingly increased
from EUR 3.6 million to EUR 4.7 million, constituting an excellent basis
for the remainder of financial year 2014.
ATOSS is recording continuous growth spanning products, markets and sectors
and is steadily broadening its customer base with sustained effect with the
acquisition of prominent new customers. The company's verticalization
strategy, consistently developed over a period of years, is proving
particularly successful.
While overall sales revenues rose from EUR 17.5 million to EUR 18.8
million, sales of software licenses - the driving force behind the
company's business model - climbed 9 percent in the first half of 2014 to
stand at EUR 4.1 million. There was a similarly consistent positive trend
in software maintenance, too, with sales up 7 percent at EUR 7.5 million.
As a result, software sales in total amounted to EUR 11.7 million,
representing an unchanged proportion of 62 percent of consolidated
revenues. In view of the positive order situation, ATOSS also recorded
above-average growth in consulting, with sales rising 12 percent to EUR 4.9
million, representing 26 percent of turnover. Hardware, too, profited from
the successful development of the core software business, with sales coming
in at EUR 1.7 million (previous year EUR 1.5 million).
All of the figures quantifying the company's earnings developed even more
strongly than the sales figures. Operating profits (EBIT) for the first
half of 2014 were 10 percent higher at EUR 4.7 million. And whereas
earnings per share last year were substantially influenced by exceptional
factors among the financial results and amounted to EUR 0.12 per share,
this year has seen a marked improvement, with ATOSS reporting EPS of EUR
0.88 as of June 30, 2014. Net income rose correspondingly from EUR 0.5
million to EUR 3.5 million. Despite paying a dividend totaling EUR 2.9
million (EUR 0.72 per share) at the beginning of May, thanks to the
excellent development in business ATOSS was able to report liquidity up 47
percent at EUR 15.3 million.
The continuing strong customer interest in ATOSS solutions - impressively
demonstrated by the orders received in the past half-year - underscores the
company's outstanding future prospects. The Management Board regards the
latest record figures as an incentive for the future and expects the highly
positive development to be sustained in the current second half and
therefore also in financial year 2014 as a whole, as the company continues
on the path to further growth.
CONSOLIDATED OVERVIEW AS PER IFRS: 6-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
30.06.2- 30.06.2- revenues
014 013*
Sales 18,760 100% 17,531 100% 7%
Software 11,681 62% 10,860 62% 8%
Software 4,144 22% 3,794 22% 9%
licenses
Software 7,537 40% 7,066 40% 7%
maintenance
Consulting 4,945 26% 4,422 25% 12%
Hardware 1,681 9% 1,462 8% 15%
Miscellaneous 453 3% 787 5% -42%
EBITDA 4,958 26% 4,540 26% 9%
EBIT 4,697 25% 4,256 24% 10%
EBT 5,114 27% 442 3% >100%
Net earnings 3,482 19% 460 3% >100%
Cash flow 2,699 14% 2,790 16% -3%
Liquidity (1/2) 15,325 10,418 47%
EPS (in euro) 0.88 0.12 >100%
Employees (3) 295 280 5%
</pre>
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN 000 EUR
<pre>
Q2/14 Q1/14 Q4/13* Q3/13* Q2/13*
Sales 9,107 9,653 9,025 8,949 8,840
Software 5,771 5,910 5,617 5,369 5,585
Software licenses 2,002 2,142 1,965 1,779 2,025
Software maintenance 3,769 3,768 3,652 3,590 3,560
Consulting 2,450 2,495 2,375 2,165 2,264
Hardware 631 1,050 768 1,126 569
Miscellaneous 255 198 264 289 422
EBITDA 2,296 2,662 2,094 2,373 2,322
EBIT 2,170 2,527 1,946 2,230 2,186
EBIT margin in % 24% 26% 22% 25% 25%
EBT 2,270 2,844 1,385 2,493 -1,962
Net earnings 1,514 1,968 835 1,724 -1,290
Cash flow -1,279 3,979 -186 5,658 297
Liquidity (1/2) 15,325 19,493 15,249 16,177 10,418
EPS (in EUR] 0.38 0.50 0.21 0.43 -0.32
Employees (3) 295 293 289 280 280
</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) and dividend of EUR 0,72 per share on 02.05.2014
(TEUR 2,863); (3): at the end of the quarter/half year
* adjusted for the effects of IAS 19 R
Upcoming dates:
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 SÃD, 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
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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278514 22.07.2014
DGAP-News: ATOSS Software AG: Growth continues with the best half-year in the company's history; strong order intake sustained, outlook positive
| Source: EQS Group AG