DGAP-News: ATOSS Software AG reports continuing positive business development
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Half Year Results
ATOSS Software AG reports continuing positive business development
23.07.2012 / 08:00
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Corporate News
ATOSS Software AG reports continuing positive business development.
Munich, July 23, 2012 - Following a positive trend in the period from April
to June, ATOSS Software AG reports new record sales and earnings figures
for the first half of 2012. Sales booked by the specialist in workforce
management climbed three percent to EUR 16.3 million in the first six
months of 2012. With operating profits (EBIT) up four percent at EUR 4.0
million and an EBIT margin of 25 percent, the Munich company has once again
demonstrated its profitability. Earnings per share came in at EUR 0.76
(previous year EUR 0.68).
ATOSS records robust growth
In the first half of 2012 ATOSS Software AG recorded sales of EUR 16.3
million (previous year EUR 15.8 million). The core software segment put on
six percent to reach EUR 9.9 million (previous year EUR 9.3 million) and
accounted for 61 percent (previous year 59 percent) of total sales
revenues. Consulting sales were up four percent at EUR 4.5 million
(previous year EUR 4.3 million), equivalent to 28 percent of the total,
compared with 27 percent last year.
Orders received for software licenses as of June 30, 2012 amounted to EUR
2.8 million (previous year EUR 3.3 million). In April and May in
particular, it was evident that the appetite for investment is weakening in
the marketplace. Orders on hand at the end of June 2012 thus far remained
at a satisfactory level of EUR 2.7 million (previous year EUR 3.1 million).
ATOSS demonstrates stability and profitability
Business at ATOSS remains stable as well as profitable. Earnings before
interest and taxes (EBIT) reached a new record of EUR 4.0 million for the
reporting period (previous year: EUR 3.9 million). Earnings before taxes
(EBT) amounted to EUR 4.5 million (previous year: EUR 4.0 million), while
net income came in at EUR 3.0 million (previous year: EUR 2.7 million) with
earnings per share of EUR 0.76 (previous year: EUR 0.68). The double-digit
growth in each of these key earnings figures outstripped the growth in
sales, while the EBIT margin matched the previous year's high level of 25
percent. With stable cost structures and high-quality sales, ATOSS
continues to demonstrate robust profitability.
Despite paying EUR 2.8 million in dividends to shareholders (previous year:
EUR 2.4 million) liquidity including financial assets amounted to EUR 24.6
million (previous year EUR 22.4 million). Including financial assets, this
equates to liquidity of EUR 6.19 per share (previous year: EUR 5.63).
Meanwhile the equity ratio of 68% (previous year 61%) underscores the
strength of the company's balance sheet.
The sustained stability and profitability displayed by ATOSS offer clear
evidence of the success of the company's strategy which is founded on the
central importance of research and development. R&D expenditure in the
first six months of 2012 amounted to EUR 3.6 million, or 22 percent of
sales, some 10 percent higher than in the same period last year.
Increasing relevance of workforce management
Both in-depth observations of the market and practical experience reveal
the increasing importance and considerable potential of workforce
management. A wide variety of factors are contributing to a constant
pressure on companies to structure their work efficiently. On the one hand,
economic volatility plays a major role. Globalization and short economic
cycles present businesses with a host of challenges that can only be met by
adopting a holistic approach. Of similar importance is the process of
demographic change which will become even more intensive as time goes on.
According to a representative Forsa survey, up to 86 percent of employers
are already complaining about the scarcity of skilled labor. What's more,
the trend towards more flexible working hours is gathering pace. It is
vital that businesses take account of these three important factors.
Companies that fail to adopt the strategic solutions offered by workforce
management will fail to survive the competition in the long term.
Outlook for the current second half-year
With the first six months of 2012 now behind us, ATOSS has recorded
continuous positive sales and earnings development. However, a generally
slightly weaker appetite for investment was evidenced by the order intake
development for software licenses reflecting an uncertain economic climate.
Against this background, the outlook of the Management Board for the full
year 2012 indicating moderate growth, is subject to a recovery in
investment in the second half-year. Despite the company's own scheduled
investments in sales and marketing in particular, the operating margin on
sales (EBIT) will remain securely above 20 percent.
Upcoming dates:
13.08.2012 Publication of the report for H1 2012
22.10.2012 Press release - statements for Q3 2012
14.11.2012 Equity forum, Frankfurt am Main
15.11.2012 Publication of the report for Q3 2012
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
CONSOLIDATED OVERVIEW AS PER IFRS: HALF-YEARLY COMPARISON IN T EUR
01.01.2012 Proportion 01.01.2011 Proportion ChangeCONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN T EUR
- of
Total - of
Total 2012 /
30.06.2012 Sales 30.06.2011 Sales 2011
Total Sales 16,273 100% 15,762 100% 3%
Software 9,874 61% 9,280 59% 6%
Licenses 3,401 21% 3,328 21% 2%
hie 6,473 40% 5,952 38% 9%
Maintenance
Consulting 4,486 28% 4,306 27% 4%
Hardware 1,212 7% 1,435 9% -16%
Others 701 4% 741 5% -5%
EBITDA 4,312 26% 4,108 26% 5%
EBIT 4,037 25% 3,877 25% 4%
EBT 4,473 27% 3,982 25% 12%
Net income 3,012 19% 2,704 17% 11%
Cash flow 2,157 13% 3,842 24% -44%
(4)
Liquidity 24,615 22,375 10%
(1/2)
L
EPS (in EUR) 0.76 0.68 12%
Employees 266 249 7%
(3)
Q2/12 Q1/12 Q4/11 Q3/11 Q2/11(1): Cash and cash equivalents, current and non-current financial assets
Total Sales 8,437 7,836 8,229 7,584 7,913
Software 5,017 4,857 4,891 4,651 4,705
Licenses 1,745 1,656 1,772 1,586 1,676
Maintenance 3,272 3,201 3,119 3,065 3,029
Consulting 2,248 2,238 2,145 1,931 2,184
Hardware 665 547 607 764 548
Others 507 194 586 239 476
EBITDA 2,207 2,105 1,894 1,792 2,054
EBIT 2,070 1,967 1,766 1,665 1,941
EBIT margin in % 25% 25% 21% 22% 25%
EBT 2,147 2,326 1,812 2,617 2,015
Net income 1,465 1,547 1,199 1,772 1,367
Cash flow (4) -1,001 3,158 -1,641 3,117 799
Liquidity (1/2) 24,615 28,496 24,851 26,349 22,375
EPS (in EUR) 0.37 0.39 0.30 0.45 0.34
Employees (3) 266 265 269 259 249
(e.g. gold, equities); (2): Dividend of EUR 0.60 per share on May 4, 2011
(TEUR 2,386) and EUR 0.71 on April 23, 2012 (TEUR 2,832); (3): At the end
of the quarter/half; (4) Cash flow in comparison with 2011 adjusted for
interest income and expenditure, since from December 31, 2011 this is
reported within cash flow from investment activities.
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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