DGAP-News: ATOSS Software AG / Key word(s): Quarterly / Interim
Statement/Quarter Results
ATOSS Software AG: Successful start to financial year 2016
22.04.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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ATOSS Software AG has begun the 2016 financial year on a successful note
with continuing growth in both sales and earnings. Overall sales in the
first quarter of 2016 were up 9 percent on the year before at EUR 11.7
million. Despite substantial investments in the future, the specialist in
workforce management also saw a further improvement in results. Operating
profits (EBIT) at EUR 3.2 million were 16 percent higher than in the year
before. The Management Board anticipates continuing growth in 2016 for the
eleventh year in succession.
Munich, April 22, 2016
The results for the first quarter of 2016 clearly show that ATOSS Software
AG is seamlessly continuing the pattern set over the past ten record years.
The company's business model continues to prove extremely robust and highly
successful. The growth in sales of software licenses, which climbed 11
percent, underscores not just the competitive strength of ATOSS, but also
the steadily increasing importance attaching to workforce management. This
is primarily attributable to the growing need to make effective use of
available resources.
The core software business accounted for sales of EUR 6.9 million (previous
year EUR 6.3 million), equivalent to 59 percent of the company's overall
turnover of EUR 11.7 million. Consulting contributed 28 percent of sales,
with revenues - supported by the excellent order situation - climbing 18
percent to EUR 3.3 million. Hardware sales amounted to EUR 1.0 million
(previous year: EUR 1.3 million), with other revenue coming in at EUR 0.5
million (previous year EUR 0.3 million).
ATOSS again set new records, and not just in sales: Despite the increase in
investments particularly in research & development relative to the year
before, operating profits (EBIT) were 16 percent higher at EUR 3.2 million
(previous year EUR 2.8 million). With positive financial earnings of EUR
0.1 million, net earnings after tax amounted to EUR 2.3 million. Earnings
per share in the first quarter stood at EUR 0.57, precisely the same figure
as in the same quarter last year when income was boosted by financial
earnings of EUR 0.6 million due to the sharp increase in the price of gold.
The return on sales of 27 percent measured against EBIT exceeded even last
year's high level.
In the first quarter ATOSS generated cash flow of EUR 4.2 million (previous
year EUR 5.1 million) and reported consolidated liquidity of EUR 28.7
million as of March 31, 2013 (previous year: EUR 26.2 million). Even after
the dividend payment of around EUR 11.1 million or EUR 2.80 per share to be
proposed to shareholders at the AGM on April 26, 2016, ATOSS will still
enjoy a respectable cash position and strong equity which together will
safeguard the company's outstanding future prospects.
The market for workforce management continues to offer substantial
potential for growth. On this basis the Management Board stands by its
forecast for financial year 2016 and expects to see continuing development
in sales and earnings with growth rates on a par with 2015 within a
bandwidth of +/- 3 percent. Despite further planned investments,
particularly in developing new markets, and a continuing high level of
expenditure on research & development amounting to around one fifth of
sales, the EBIT margin is also expected to remain around 25 percent.
CONSOLIDATED OVERVIEW AS PER IFRS: 3-MONTH COMPARISON IN KEUR
<pre>
01.01.2016 Proportion 01.01.2015 Proportion Change
- of - of 2016 /
31.03.2016 Total 31.03.2015 Total sales 2015
sales
Total sales 11,696 100% 10,707 100% 9%
Software 6,884 59% 6,325 59% 9%
Software licenses 2,467 21% 2,229 21% 11%
Software maintenance 4,417 38% 4,096 38% 8%
Consulting 3,301 28% 2,794 26% 18%
Hardware 1,035 9% 1,316 12% -21%
Others 476 4% 272 3% 75%
EBITDA 3,370 29% 2,898 27% 16%
EBIT 3,197 27% 2,768 26% 16%
EBT 3,340 29% 3,335 31% 0%
Net profit 2,284 20% 2,257 21% 1%
Cash flow 4,248 36% 5,146 48% -18%
Liquidity (1/2) 28,657 26,218 9%
EPS in euro 0.57 0.57
Employees (3) 354 313
</pre>
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR
<pre>
Q1/16 Q4/15 Q3/15 Q2/15 Q1/15
Total sales 11,696 11,888 11,390 10,956 10,707
Software 6,884 7,125 6,640 6,624 6,325
Software licenses 2,467 2,782 2,391 2,436 2,229
Software maintenance 4,417 4,343 4,249 4,188 4,096
Consulting 3,301 3,125 2,965 3,022 2,794
Hardware 1,035 1,094 1,363 838 1,316
Others 476 544 423 472 272
EBITDA 3,370 3,182 3,000 2,952 2,898
EBIT 3,197 2,909 2,858 2,809 2,768
EBIT margin in % 27% 25% 25% 26% 26%
EBT 3,340 2,855 2,587 2,545 3,335
Net profit 2,284 1,867 1,750 1,717 2,257
Cash flow 4,248 7,980 5,692 -550 5,146
Liquidity (1/2) 28,657 24,368 27,041 21,820 26,218
EPS in euro 0.57 0.47 0.44 0.43 0.57
Employees (3) 354 340 330 318 313
</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)
(3) at the end of the quarter/year
Upcoming dates:
April 26, 2016 Annual General Meeting
Dividend payment (proposal: EUR 2,80 per share)
July 22, 2016 Press release announcing the 6-monthly financial statements
August 12, 2016 Publication of the 6-monthly financial statements
October 25, 2016 Publication of the 9-monthly financial statements
Nov, 21-23, 2016 ATOSS at the German Equity Forum
Background information
ATOSS Software AG is a provider of software, consulting and professional
services in the field of demand-oriented deployment of staff, 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 44,9 million EUR in financial year
2015, Currently the deployments of around 3 million workers employed by
more than 4,500 customers are managed with ATOSS solutions, The company's
software products are in use in more than 40 countries and eight languages,
Customers include enterprises such as ALDI SÜD, Coca-Cola, Deutsche Bahn,
Douglas, EDEKA, Clinical Center Ingolstadt, Clinical Center Rosenheim,
Lufthansa, MEYER WERFT, Schmitz Cargobull, Sixt, Municipal of Regensburg,
ThyssenKrupp Rasselstein and W,L, Gore & Associates,
Further information: www,atoss,com
Contact
<pre>
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
</pre>
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22.04.2016 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.
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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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News Service
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456565 22.04.2016
DGAP-News: ATOSS Software AG: Successful start to financial year 2016
| Source: EQS Group AG