DGAP-News: ATOSS presents record results for a sixth time
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Final Results
ATOSS presents record results for a sixth time
12.03.2012 / 09:15
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ATOSS presents record results for a sixth time
Munich, 12.03.2012 - At today's press conference ATOSS Software AG will
present record results for a sixth time in succession. The Munich-based
specialist in workforce management recorded an 8 percent increase in sales
which climbed to EUR 31.6 million (previous year EUR 29.3 million).
Operating profits (EBIT) were 7 percent higher at EUR 7.3 million (previous
year EUR 6.8 million). Shareholders are due to participate in the company's
success with a dividend of EUR 0.71 per share (previous year EUR 0.60),
representing an increase of 18 percent. Despite the reticent order
situation in the first months of the current financial year, the management
stands by its forecasts for 2012.
New record figures in 2011, revised investment policy paying off
In 2011 ATOSS achieved an operating profit (EBIT) of EUR 7.3 million
(previous year EUR 6.8 million). As a result, the return on sales at 23
percent remained on the same high level as in the year before, despite
increased investments. The decision to revise the investment policy in line
with market conditions is paying off for ATOSS. While the goal remains to
preserve and develop sustained long-term value, the range of investments
has been diversified. ATOSS is now investing in particular in
dividend-bearing securities with real value along with physical gold, as
well as short-term deposits. Accordingly the company recorded strong
financial income of EUR 1.1 million (previous year EUR 0.1 million).
Earnings before taxes (EBT) and net income both put on double-digit growth.
In 2011 EBT climbed 21 percent to EUR 8.4 million (previous year EUR 7.0
million), while net income at EUR 5.7 million was some 18 percent higher
(previous year EUR 4.8 million). Earnings per share also reached a new high
of EUR 1.43 (previous year EUR 1.21).
Balance sheet structure remains sound
In financial year 2011 ATOSS again generated a very strong operating cash
flow at EUR 5.3 million (previous year EUR 5.6 million), equivalent to 17
percent of sales. Liquidity was up 18 percent to EUR 24.9 million (previous
year EUR 21.1 million), equivalent to EUR 6.25 per share compared with EUR
5.32 last year. These figures provide the basis on which to continue the
successful implementation of the company's strategy, and finance the
planned expenditures on research and development as well as on developing
the business model. The company's equity base also signals confidence in
the future. As of December 31, 2011 the equity ratio stood at 67 percent,
compared with 63 percent for the year before.
As of December 31, 2011, orders for software licenses amounting to EUR 6.9
million were up by a significant nine percent over the year before. In the
fourth quarter alone ATOSS booked orders valued at EUR 2.1 million. Orders
on hand at the year-end at EUR 3.3 million were seven percent higher than
the year before (EUR 3.1 million).
Transparent dividend policy
Since 2003 around half of the company's earnings per share have been
distributed to shareholders. In continuation of this policy when the
Supervisory Board met this year to adopt the accounts it was decided to
propose that the AGM on April 20, 2012 should approve a dividend of EUR
0.71per share. Based on the closing price of ATOSS stock in 2011, this
represents a dividend yield of 4.3 percent (previous year 3.5 percent).
Inclusive of this dividend for 2011, the total distribution per share since
2003 amounts to EUR 11.41 per share.
Outlook for 2012, current business trend
With an economically challenging year ahead in 2012, the order situation in
the past financial year and particularly in the fourth quarter of 2011
holds the promise of stability. In the early months of the current year the
order situation has been somewhat reticent relative to the year before.
Nevertheless in the expectation of a recovery in the corporate appetite for
investment and taking account of the strong order book at the end of 2011,
the management anticipates a moderate increase in sales in 2012. Despite
planned investments, particularly in the development of sales and
marketing, the EBIT margin is expected to exceed 20 percent.
Upcoming dates:
20.04.2012 Annual general meeting in Munich
25.04.2012 Press release - statements for Q1 2012
16.05.2012 Publication of the report for Q1 2012
23.07.2012 Press release - statements for H1 2012
13.08.2012 Publication of the report for H1 2012
22.10.2012 Press release - statements for Q3 2012
15.11.2012 Publication of the report for Q3 2012
CONSOLIDATED OVERVIEW AS PER IFRS: YEAR ON YEAR COMPARISON IN T EUR
01.01.2011 Proportion of 01.01.2010 Proportion of Change
- Total sales - Total sales 2011 /
31.12.2- revenues 31.12.2- revenues 2010
011 010
Sales 31,575 100% 29,314 100% 8%
Software 18,821 60% 17,847 61% 5%
Software 6,686 21% 6,541 22% 2%
licenses
Software 12,135 38% 11,306 39% 7%
mainten-
ance
Consult- 8,382 27% 7,914 27% 6%
ing
Hardware 2,806 9% 2,452 8% 14%
Miscell- 1,566 5% 1,101 4% 42%
aneous
EBITDA 7,794 25% 7,290 25% 7%
EBIT 7,308 23% 6,840 23% 7%
EBT 8,411 27% 6,958 24% 21%
Net 5,675 18% 4,799 16% 18%
profit
Cash flow 5,317 17% 5,635 19% -6%
Liquidity 24,851 21,091 18%
(1/2)
EPS (in 1.43 1.21 18%
euro)
Employees 269 247 9%
(3)
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN T EUR
Q4/11 Q3/11 Q2/11 Q1/11 Q4/10
Sales 8,229 7,585 7,913 7,848 7,870
Software 4,891 4,651 4,705 4,574 4,652
Software licenses 1,772 1,586 1,676 1,652 1,711
Software maintenance 3,119 3,065 3,029 2,922 2,941
Consulting 2,145 1,931 2,184 2,122 2,204
Hardware 607 764 548 887 809
Miscellaneous 586 239 476 265 206
EBITDA 1,894 1,792 2,054 2,054 1,684
EBIT 1,766 1,665 1,941 1,936 1,582
EBIT margin in % 21% 22% 25% 25% 20%
EBT 1,812 2,617 2,015 1,967 1,642
Net profit 1,199 1,772 1,367 1,337 1,183
Cash flow -1,784 3,170 843 3,088 -1,328
Liquidity (1/2) 24,851 26,349 22,375 23,682 21,091
EPS (in euro) 0.30 0.45 0.34 0.34 0.30
Employees (3) 269 259 249253 247
(1): Cash and cash equivalents, current and non-current financial assets
(e.g. gold, equities); (2): Dividend of EUR 0.60 (previous year EUR 0.50)
per share on 04.05.2011 (EUR 2,386,000); (3): at the end of the
year/quarter
Further information: http://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(at)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(at)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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160023 12.03.2012
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