DGAP-News: ATOSS Software AG announces new record figures for the first half year. Operating profit up 18% on record sales.
(firmenpresse) - ATOSS Software AG / Half Year Results
26.07.2010 08:20
Dissemination of a Corporate News, transmitted by
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Munich, July 26, 2010 - ATOSS Software AG, the specialist in workforce
management, reports a continuation of the record performance of the past
four years. In the first half of 2010 - with sales up slightly at EUR 14.3
million (previous year EUR 14.2 million) - the company achieved a clear
improvement in all key figures. The operating result (EBIT) was up 18% at
over EUR 3.4 million, while earnings per share climbed 14% to EUR 0.60 and
the EBIT margin rose from 21% to 24%.
The Munich-based software company has maintained its record performance for
the fifth consecutive year. Provided the current business trends continue,
the Management Board reserves the option to raise its previous forecasts.
Strong development in core business
The growth in sales in the first half-year was underpinned by strong
development in the company's core software business. Sales were up 6% at
EUR 8.8 million, with software licenses contributing EUR 3.3 million (+5%)
and software maintenance earning EUR 5.5 million (+6%). ATOSS also achieved
a substantial increase in hardware sales, with revenues up 26% at over EUR
1.1 million.
As expected and explained in the report on Q1 2010, after the highly
dynamic growth in recent years, the consulting business was below the very
high level seen in 2009. In the first half of 2010 ATOSS recorded
consulting revenues of EUR 3.8 million (previous year EUR 4.2 million). As
a result, software accounted for 62% (previous year 59%) of consolidated
sales, while consulting contributed 27% (previous year 29%). ATOSS has once
again proven the robust stability of its business model while achieving
growth in areas of high profitability at the same time.
Earnings hit new historic highs, cash flow and liquidity remain very strong
Thanks to the slight increase in sales - with software accounting for an
increased proportion of turnover - the company's earnings hit a new high.
The operating result (EBIT) was up 18% at over EUR 3.4 million, while
earnings per share climbed 14% to EUR 0.60. What's more, ATOSS has achieved
a new record margin on sales of 24%, while the operating cash flow of EUR
2.7 million (previous year EUR 3.5 million) and liquidity at EUR 17.8
million (previous year EUR 15.5 million) continue to underscore the
company's vigorous capacity to finance itself.
Liquidity per share on June 30, 2010 accordingly stood at EUR 4.49
(previous year EUR 3.93). It is worth considering that as recently as May
3, 2010, ATOSS distributed around EUR 2 million in dividends (EUR 0.50 per
share) to its shareholders. The outstanding strength of ATOSS is echoed by
an equity ratio of 60% (previous year 61%).
The long-term success of the company is founded on sustained investment in
internal research and development. Spending in the first half-year was
increased by a further 5% to EUR 2.9 million, equivalent to 20% of sales.
The Management Board continues to extend the technological and product
leadership that ATOSS enjoys.
Forecast may be raised
In the current financial year ATOSS has succeeded in recruiting more
high-profile customers. In the retail sector alone in the first six months
of this year, based on wide-ranging experience and in-depth examination,
prominent chains such as coop, Hornbach, s. Oliver, famila, Combi and
eurotrade have opted for the ATOSS Retail Solution. The deciding factor for
these new customers has been the significant potential to add value that is
inherent in the optimization of human resource requirements and automated
staff scheduling. In total, ATOSS booked orders for software licenses
valued at EUR 3.0 million (previous year: EUR 4.2 million). Orders on hand
to June 20, 2010 remain at a very comfortable level of EUR 3.0 million
(previous year EUR 3.6 million), providing an excellent starting point for
the second half of the year. To sustain the highly successful development
in business of recent years, the company will concentrate its energies on
identifying new projects in the retail, healthcare and services sectors as
well as other industries in the coming quarters.
Provided that the current development in sales and results continues, it
may again be possible in the current year to exceed last year's record
results. Therefore, if the business develops appropriately in the second
half, the Management Board reserves the option to raise its previous
forecast for results on a par with last year.
Upcoming dates:
13.08.2010 Publication of the 6-monthly financial statements
25.10.2010 Press release announcing the 9-monthly statements
15.11.2010 Publication of the 9-monthly financial statements
CONSOLIDATED OVERVIEW : Half-yearly comparison to June 30
In TEUR (as per 01.01.10 Proportion of 01.01.09 Proportion of Cha
IFRS) - Total sales - Total sales nge
30.06.10 revenues 30.06.09 revenues
Sales 14,265 100% 14,157 100% +1%
Software 8,811 62% 8,350 59% +6%
of which software
licensing 3,286 23% 3,126 22% +5%
of which software
maintenance 5,525 39% 5,224 37% +6%
Consulting 3,782 27% 4,150 29% -9%
Hardware 1,141 8% 909 6% +26%
Other 531 4% 749 5% -29%
EBITDA 3,679 26% 3,108 22% +18%
EBIT 3,442 24% 2,926 21% +18%
EBT 3,485 24% 3,078 22% +13%
Net income 2,373 17% 2,075 15% +14%
Cash flow 2,713 20% 3,530 25% -23%
Liquidity (1/2) 17,789 15,549 +14%
EPS (in euro) 0.60 0.52 +14%
Employees (3) 242 224 +8%
CONSOLIDATED OVERVIEW : Quarterly comparison with the previous year
In TEUR (as per IFRS) Q2/10 Q1/10 Q4/09 Q3/09 Q2/09
Sales 7,118 7,148 7,969 7,233 7,026
Software 4,459 4,352 4,331 4,090 4,162
of which software licensing 1,658 1,628 1,590 1,425 1,551
of which software 2,801 2,724 2,741 2,666 2,612
maintenance
Consulting 1,894 1,889 2,382 1,986 2,157
Hardware 601 540 726 666 345
Other 164 367 257 491 361
EBITDA 1,894 1,785 1,239 1,557 1,498
EBIT 1,779 1,663 1,132 1,463 1,405
EBIT margin in % 25% 23% 15% 20% 20%
EBT 1,792 1,693 1,260 1,516 1,472
Net income 1,220 1,153 867 1,023 995
Cash flow -403 3,116 386 3,695748
Liquidity (1/2) 17,789 20,249 19,328 19,182 15,549
EPS (in euro) 0.31 0.29 0.22 0.26 0.26
Employees (3) 242 236 234 232 224
(1): Cash and marketable securities (2): Dividend of EUR 0.50 per share
paid on May 3, 2010 amounting to TEUR 1,981 (previous year EUR 0.44); (3):
At the end of the quarter
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
26.07.2010 08:20 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: ATOSS Software AG
Am Moosfeld 3
81829 München
Deutschland
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, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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Datum: 26.07.2010 - 08:20 Uhr
Sprache: Deutsch
News-ID 24384
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