DGAP-News: ATOSS Software AG / Key word(s): 9-month figures/Quarter
Results
ATOSS Software AG: New record figures confirm continued growth
22.10.2015 / 08:00
---------------------------------------------------------------------
Munich, October 22, 2015 - ATOSS Software AG remains on course for
continued growth. Provisional figures at the end of the first nine months
of 2015 again signal new records in all key figures. Consolidated sales
were up by a substantial 15 percent at EUR 33.1 million. And despite
significant investments for the future, ATOSS has again posted an increased
result, with operating profits (EBIT) 18 percent higher at EUR 8.4 million
and a margin on sales of 26 percent, up from 25 percent last year. Once
again the company has been successful in continuing its dynamic growth and
extending its profitability. The outlook for the last quarter of 2015 and
beyond is also extremely promising with orders on hand for software
licenses valued at EUR 6.0 million. In view of this development, the
Management Board is confident that by the year-end ATOSS will report new
record performance for a tenth year in succession.
The figures posted by ATOSS Software AG for the first nine months of 2015
underscore both the company's seamless continuation of the past nine record
years as well as its ability to step up its dynamic rate of growth. Once
again the ATOSS business model has proven to be extremely robust and
successful. The substantial growth in sales offers clear evidence of the
competitive strength of ATOSS, as well as illustrating the steadily
increasing importance of workforce management in the field of professional
business management.
With overall Group turnover totaling EUR 33.1 million, sales of software
licenses - the driving force behind the company's growth - increased by 16
percent during the reporting period. The consistent positive development in
software maintenance over recent years was also sustained, with sales up 10
percent at EUR 12.5 million. As a result, turnover in software amounted to
EUR 19.6 million, representing a proportion of 59 percent of consolidated
revenues (previous year: 61 percent). In the field of consulting -
supported by the excellent order situation for implementation services
following the sale of licenses - ATOSS saw turnover increase by 19 percent
to EUR 8.8 million. Hardware sales amounted to EUR 3.5 million (previous
year: EUR 3.1 million), while other miscellaneous sales came in at EUR 1.2
million, up by EUR 0.4 million over the year before.
Despite significantly higher investments, particularly in research &
development, and higher personnel costs resulting from the capacity
increases in sales and customer services, the operating profit (EBIT)
improved by 18 percent to EUR 8.4 million.
In order to limit the negative effects of a falling gold price, during the
third quarter the Group sold the bulk of the gold it had held for
investment purposes. Consequently as of September 30, 2015 the company
reported mildly positive financial earnings of kEUR 32 (previous year: kEUR
366). Earnings before taxes (EBT) at EUR 8.5 million were 13 percent higher
than in the year before, while net income was 12 percent higher at EUR 5.7
million. As a result, ATOSS reported earnings per share of EUR 1.44 for the
first three quarters (previous year: EUR 1.29).The return on sales measured
against EBIT amounted to 26 percent, slightly above the Management's
expectations for the reporting period.
The financial situation was once again substantially improved, with cash
flow from operations climbing 19 percent to EUR 10.3 million (previous
year: EUR 8.6 million). Even after paying a dividend of EUR 0.88 per share
(EUR 3.5 million) on April 29, 2015, as of the end of the third quarter
ATOSS reported net liquidity of EUR 27.0 million (previous year: EUR 21.1
million). In combination with an extremely sound equity position, ATOSS
offers a sustained high level of security and excellent future prospects
for customers, employees and shareholders.
The Management Board continues to expect the highly positive development in
business to be maintained in the remainder of financial year 2015 and
anticipates another record year. Following the highest third-quarter order
intake in the company's history at EUR 3.0 million, at the end of nine
months ATOSS had booked licensing orders valued at EUR 7.6 million
(previous year: EUR 7.1 million). Orders on hand for software licenses
stood at EUR 6.0 million (previous years: EUR 4.5 million), providing a
first-class basis for further success. Taking into account scheduled
investments in the development of new markets and the high level of
expenditure equal to around one fifth of sales on research & development,
the company continues to expect an EBIT margin in the order of 25 percent.
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: 9-MONTH COMPARISON KEUR
<pre>
01.01.2- Proportion of 01.01.2- Proportion of Change
015 Total sales 014 Total sales 2015 /
- - 2014
30.09.2- 30.09.2-
015 014
Total Sales 33,053 100% 28,745 100% 15%
Software 19,589 59% 17,491 61% 12%
Software 7,056 21% 6,074 21% 16%
licenses
%%
Software 12,533 38% 11,417 40% 10%
maintenance
Consulting 8,781 27% 7,397 26% 19%
Hardware 3,517 11% 3,065 10% 15%
Others 1,166 4% 792 3% 47%
EBITDA 8,850 27% 7,547 26% 17%
EBIT 8,435 26% 7,159 25% 18%
EBT 8,467 26% 7,525 26% 13%
Net Profit 5,724 17% 5,122 18% 12%
Cash flow 10,288 31% 8,644 30% 19%
Liquidity (1/ 27,041 21,118 28%
2)
EPS in EUR 1.44 1.29 12%
Employees (3) 330 300 10%
</pre>
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR
<pre>
Q3/15 Q2/15 Q1/15 Q4/14 Q3/14
Total Sales 11,390 10,956 10,707 10,938 9,985
Software 6,640 6,624 6,325 6,387 5,810
Software licenses 2,391 2,436 2,229 2,443 1,930
Software maintenance 4,249 4,188 4,096 3,944 3,880
Consulting 2,965 3,022 2,794 2,707 2,452
Hardware 1,363 838 1,316 1,401 1,384
Others 423 472 272 443 339
EBITDA 3,000 2,952 2,898 2,758 2,589
EBIT 2,858 2,809 2,768 2,628 2,462
EBIT margin in % 25 % 26% 26% 24% 25%
EBT 2,587 2,545 3,335 2,770 2,411
Net Profit 1,750 1,717 2,257 1,911 1,639
Cash flow 5,692 -550 5,146 -573 5,945
Liquidity (1/2) 27,041 21,820 26,218 20,583 21,118
EPS in EUR 0.44 0.43 0.57 0.48 0.41
Employees (3) 330 318 313 305 300
</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 0.88 per share on
29.04.2015 (kEUR 3,499) and dividend of EUR 0.72 per share on 02.05.2014
(kEUR 2,863); (3) at the end of the quarter/half year
Upcoming dates:
Nov. 13, 2015 Publication of the 9-monthly financial statements
Nov. 23-25, 2015 ATOSS at the German Equity Forum
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 40 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
---------------------------------------------------------------------
22.10.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
---------------------------------------------------------------------
404439 22.10.2015
DGAP-News: ATOSS Software AG: New record figures confirm continued growth
| Quelle: EQS Group AG