DGAP-News: ATOSS Software AG / Key word(s): Half Year Results/Quarter
Results
ATOSS Software AG: Success story continues with new records in sales
and earnings in the first half of 2015 as growth accelerates
22.07.2015 / 08:00
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In the first half of 2015 ATOSS Software AG succeeded in increasing sales
by a clear 15 percent to EUR 21.7 million. And despite significant
future-oriented investments, the specialist in workforce management
continued to expand its earnings and set new records. Operating profits
(EBIT) rose by an outstanding 19 percent to EUR 5.6 million while the
margin on sales climbed to 26 percent, up from 25 percent last year. Once
again the company has been successful in continuing its dynamic growth and
extending its profitability. With orders on hand for software licenses
valued at EUR 5.4 million, the outlook for the company's continuing
development in 2015 is extremely promising. In view of the development to
date, the Management Board is confident that ATOSS remains on course for
continuing growth in the remainder of financial year 2015 and is likely to
conclude a tenth record year in succession.
Munich, July 22, 2015
The results posted by ATOSS Software AG for the first half of 2015 not only
represent a seamless continuation of the last nine record years: They also
reflect accelerating growth. The ATOSS business model remains both
extremely successful and highly robust. The double-digit growth in sales
offers clear evidence of the competitive strength of ATOSS, as well as
illustrating the steadily increasing importance of workforce management as
a corporate instrument.
The company's core software business accounted for EUR 13.0 million in
sales (previous year: EUR 11.7 million), equating to 60 percent of the
overall revenue total of EUR 21.7 million. Consulting, accounting for a
share of 27 percent of total revenues, came in 18 percent higher than the
year before thanks to the excellent order situation and an expansion in
capacities. ATOSS also recorded hardware sales of EUR 2.2 million (previous
year: EUR 1.7 million), as well as miscellaneous turnover of EUR 0.7
million (previous year: EUR 0.5 million).
Despite the increase in investments - particularly in research &
development - relative to the year before as well as higher personnel costs
coupled with the development in sales and customer service resources,
operating profits increased strongly from EUR 4.7 last year to EUR 5.6
million. With positive financial earnings of EUR 0.3 million, earnings
before taxes (EBT) climbed 15 percent to EUR 5.9 million while net income
rose by 14 Percent to EUR 4.0 million. Earnings per share in the first half
of 2015 amounted to EUR 1.00, up from EUR 0.88 in the year before. The
return on sales based on EBIT came in slightly above the Management Board's
expectations at 26 percent.
This gratifying development in business also brought an increase in
operating cash flow which climbed 70 percent to EUR 4.6 million (previous
year: EUR 2.7 million). Consequently even after paying a dividend of EUR
0.88 per share (EUR 3.5 million) on April 29, 2015, by the end of June 2015
ATOSS still reported liquidity at group level of EUR 21.8 million (previous
year: EUR 15.3 million). ATOSS continues to enjoy an excellent cash
position and strong equity which together will safeguard the company's
outstanding future prospects.
The Management Board therefore continues to expect the highly positive
development in business to be sustained in the remainder of financial year
2015 and anticipates another record year. Orders on hand for software
licenses in particular in the amount of EUR 5.4 million (previous year: EUR
4.7 million) provide an excellent starting foundation. The EBIT margin is
also expected to remain at around 25 percent despite further planned
investments, mainly in sales and marketing to develop new markets, and the
continuing high level of research and development expenditure which equates
to around one fifth of sales revenues.
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: 6-MONTH COMPARISON KEUR
<pre>
01.01.2- Proportion of 01.01.2- Proportion of Change
015 014
Total sales 2015 /
- revenues - Total sales 2014
30.06.2- 30.06.2- revenues
015 014
Total Sales 21,663 100% 18,760 100% 15%
Software 12,949 60% 11,681 62% 11%
Software 4,665 22% 4,144 22% 13%
licenses
Software 8,284 38% 7,537 40% 10%
maintenance
Consulting 5,816 27% 4,945 26% 18%
Hardware 2,154 10% 1,681 9% 28%
Others 744 3% 453 3% 64%
EBITDA 5,850 27% 4,958 26% 18%
EBIT 5,577 26% 4,697 25% 19%
EBT 5,880 27% 5,114 27% 15%
Net Profit 3,974 18% 3,482 19% 14%
Cash flow 4,596 21% 2,699 14% 70%
Liquidity (1/2) 21,820 15,325 42%
EPS (in EUR) 1.00 0.88 14%
Employees (3) 318 295 8%
</pre>
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR
<pre>
Q2/15 Q1/15 Q4/14 Q3/14 Q2/14
Total Sales 10,956 10,707 10,938 9,985 9,107
Software 6,624 6,325 6,387 5,810 5,771
Software licenses 2,436 2,229 2,443 1,930 2,002
Software maintenance 4,188 4,096 3,944 3,880 3,769
Consulting 3,022 2,794 2,707 2,452 2,450
Hardware 838 1,316 1,401 1,384 631
Others 472 272 443 339 255
EBITDA 2,952 2,898 2,758 2,589 2,296
EBIT 2,809 2,768 2,628 2,462 2,170
EBIT margin in % 26% 26% 24% 25% 24%
EBT 2,545 3,335 2,770 2,411 2,270
Net Profit 1,717 2,257 1,911 1,639 1,514
Cash flow -550 5,146 -573 5,945 -1,279
Liquidity (1/2) 21,820 26,218 20,583 21,118 15,325
EPS (in EUR) 0.43 0.57 0.48 0.41 0.38
Employees (3) 318 313 305 300 295
</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 (TEUR 3,499) and dividend of EUR 0.72 per share on 02.05.2014
(TEUR 2,863); (3): at the end of the quarter/half year
Upcoming dates:
August 14, 2015 Publication of the 6-monthly financial statements
October 22, 2015 Press release announcing the 9-monthly financial
statements
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
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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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379379 22.07.2015
DGAP-News: ATOSS Software AG: Success story continues with new records in sales and earnings in the first half of 2015 as growth accelerates
| Source: EQS Group AG