DGAP-News: ATOSS Software AG: ATOSS Software AG continues to record growth for eight years in succession: Q3 2013 sets new records
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Quarter
Results/Preliminary Results
ATOSS Software AG: ATOSS Software AG continues to record growth for
eight years in succession: Q3 2013 sets new records
21.10.2013 / 08:00
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ATOSS Software AG continues to record growth for eight years in succession:
Q3 2013 sets new records
Munich, 21.10.2013 - Provisional figures show that ATOSS Software AG
achieved sales of EUR 26.5 million and an operating profit (EBIT) of EUR
6.5 million in the first nine months of 2013. Revenues were up 8 percent
while EBIT grew by 10 percent, with the margin on sales unchanged at last
year's high level of 24 percent. Q3 2013 was itself the strongest in the
company's history with sales of EUR 8.9 million. The high level of orders
received and on hand underscore the relevance of workforce management.
The company's highly gratifying development at an operating level,
especially in its core software segment, offers proof of the stability of
the ATOSS Software AG business model. Sales of software in the first three
quarters of 2013 climbed 9 percent above the same period last year to reach
EUR 16.2 million (previous year: EUR 14.9 million). This equates to 61
percent of the Group's overall turnover. The software licensing business in
particular developed strongly, putting on 10 percent to stand at EUR 5.6
million (previous year: EUR 5.1 million). Maintenance, too, at EUR 10.7
million (previous year: EUR 9.8 million) was up by 9 percent over the same
period last year, continuing a trend that has been evident for some years.
The order situation has also developed along positive lines. With orders
worth EUR 5.1 million (previous year: EUR 4.8 million) received and an
order book on hand valued at EUR 3.3 million (previous year: EUR 3.0
million) as of 30 September 2013, the Management Board can look forward to
further strong performance from the Munich-based specialist in workforce
management.
Profitability further improved, cash flow up 59 percent
In the first nine months of 2013 ATOSS Software AG has demonstrated the
profitability of its business operations with EBIT up 10 percent at EUR 6.5
million (previous year: EUR 5.9 million). The company can also point to a
stable EBIT margin of 24 percent despite substantial future-oriented
investments in development and marketing. The positive development in
results and accruals and deferrals essentially contingent on the qualifying
dates combined with a reduction in receivables to boost cash flow by a
hefty 59 percent from EUR 5.3 million last year to over EUR 8.4 million as
of 30 September 2013. Following the dividend payment totaling EUR 14.4
million at the end of April, by the third quarter liquidity has already
increased once more to EUR 16.2 million, equivalent to EUR 4.07 per share.
ATOSS continues to dispose over substantial liquid funds which as of 30
September 2013 were composed of one third in gold and two thirds in sight
deposits at banks.
Outlook for financial year 2013 remains positive
The market for workforce management continues to record high rates of
growth. The effective management of personnel requirements and deployments
is of central importance in preserving competitiveness and increasing
economic efficiency. These trends are reflected in the current development
in business at ATOSS. Against this background the Management Board expects
growth seen in previous years to continue during the current year as a
whole, with an EBIT margin securely above 20%.
CONSOLIDATED OVERVIEW AS PER IFRS: 9-MONTH COMPARISON IN KEUR
01.01.2- Proportion of 01.01.2- Proportion of ChangeCONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR
013 012 2013 /
- Total sales - Total sales 2012
30.09.2- revenues 30.09.2- revenues
013 012
Sales 26,480 100% 24,515 100% 8%
Software 16,229 61% 14,851 61% 9%
Software 5,573 21% 5,056 21% 10%
licenses
Software 10,656 40% 9,795 40% 9%
maintenance
Consulting 6,587 25% 6,534 27% 1%
Hardware 2,588 10% 2,063 8% 25%
Miscellaneous 1,076 4% 1,067 4% 1%
EBITDA 6,913 26% 6,340 26% 9%
EBIT 6,486 24% 5,918 24% 10%
EBT 2,916 11% 6,756 28% -57%
Net earnings 2,133 8% 4,563 19% -53%
Cash flow 8,448 32% 5,300 22% 59%
Liquidity (1/2) 16,177 28,656 44%
L
EPS (in euro) 0.54 1.15 -53%
Employees (3) 280 273 3%
Q3/13 Q2/13 Q1/13 Q4/12 Q3/12(1): Cash and cash equivalents, other current and non-current financial
Sales 8,949 8,840 8,691 8,490 8,242
Software 5,369 5,585 5,275 5,292 4,977
Software licenses 1,779 2,025 1,769 1,931 1,655
Software maintenance 3,590 3,560 3,506 3,361 3,322
Consulting 2,165 2,264 2,158 2,182 2,048
Hardware 1,126 569 893 600 851
Miscellaneous 289 422 365 416 366
EBITDA 2,373 2,322 2,218 1,851 2,028
EBIT 2,230 2,186 2,070 1,702 1,881
EBIT margin in % 25% 25% 24% 20% 23%
EBT 2,487 -1,968 2,397 1,772 2,283
Net earnings 1,707 -1,307 1,733 1,197 1,551
Cash flow 5,658 297 2,493 -1,945 3,143
Liquidity (1/2) 16,177 10,418 24,370 25,444 28,657
EPS (in euro) 0.43 -0.33 0.44 0.30 0.39
Employees (3) 280 280 279 276 273
assets (sight deposits, gold) as of the qualifying date, adjusted to
exclude borrowings (loans); (2): Dividend of EUR 3.62 per share on
29.04.2013 (TEUR 14,395); (3): At end of quarter / half-year.
Upcoming dates:
11./12.11.2013 Equity Forum, Frankfurt am Main
15.11.2013 Publication of the report for Q3 2013
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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