DGAP-News: ATOSS Software AG posts new record figures for 2010
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Final Results
ATOSS Software AG posts new record figures for 2010
31.01.2011 / 08:30
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Munich, January 31, 2011 - for the fifth year in succession ATOSS Software
AG has achieved record results. Provisional figures show that the
specialist in workforce management recorded a further slight increase in
sales in 2010, bringing the total to EUR 29.3 million (previous year: EUR
29.1 million). Turnover in the company's core software business rose by 6%
to EUR 17.8 million (previous year: EUR 16.8 million), ahead of the market
trend.
Operating profits (EBIT) were around 24% higher at EUR 6.8 million
(previous year: EUR 5.5 million), lifting the return on sales on an EBIT
basis to 23%, compared with last year's 19%. With this level of
profitability ATOSS has set new records in the history of the company.
Moreover, operating profits (EBIT) exceeded the already increased forecast
announced on October 12, 2010 as well as market expectations.
The highly positive development in business over the past five years shows
that the ATOSS Software AG business model is firmly anchored in the growth
market for workforce management. The company's sustained success derives
from its consistent implementation of a strategy that focuses on enhancing
customer benefits. In order to maximize these benefits, ATOSS invests
substantially in the technology and capabilities of its products and
continues to develop its organization with a dedicated sector-specific
focus.
Business was particularly positive in Q4
In financial year 2010 ATOSS achieved sales amounting to EUR 29.3 million
(previous year: EUR 29.1 million). The development in the core software
business was particularly gratifying. While BITKOM anticipated software
market growth of 2% for 2010, ATOSS boosted sales by 6% to EUR 17.8 million
(previous year: EUR 16.8 million). The fourth quarter was particularly
buoyant with turnover reaching EUR 7.9 million (previous year: EUR 7.7
million) - the highest quarterly sales in the company's history. Meanwhile
orders for software licenses booked in Q4 2010 also grew strongly to EUR
2.0 million (previous year: EUR 1.6 million). At the year-end orders on
hand for software licenses stood at EUR 3.1 million (previous year: EUR 3.3
million), up from EUR 2.7 million on September 30, 2010.
ATOSS scores for earnings quality and a strong balance sheet
In 2010 the operating profit (EBIT) climbed 24% to EUR 6.8 million
(previous year: EUR 5.5 million), while earnings before taxes (EBT)
increased by 19% to EUR 7.0 million (previous year: EUR 5.9 million). Net
income rose 21% to EUR 4.8 million (previous year: EUR 4.0 million), while
earnings per share at EUR 1.21 (previous year: EUR 1.00) also reached a new
high.
ATOSS continues to report strong cash flow, liquidity and equity figures.
The company generated cash flow from operations of EUR 5.8 million
(previous year: EUR 7.6 million), equivalent to 20% of sales. As in past
years this was once again a strong performance, with the 2010 reporting
period being notable for a steep reduction in receivables. Liquidity rose
by 7% EUR 19.3 million to EUR 20.7 million, equivalent to EUR 5.22 per
share compared with EUR 4.88 last year. On the balance sheet closing date
the equity ratio stood at 63% (previous year 57%).
ATOSS outstrips comparative index in its stockmarket listing anniversary
year, no decision yet on dividend
In the past four years in particular, the price of ATOSS stock, which made
its stock market debut in March 2000, has developed strongly. Once again in
2010 ATOSS put the benchmarks in the shade with a performance (plus 38%)
which, for example, clearly exceeded the comparative DaxSubsector Software
Performance Index (plus 19%).
In addition to these price gains, the company is also notable for its
dividend payments. ATOSS pursues a dividend policy that is based on
dependability and reliability. Since 2003 the company has made a point of
sharing its earnings per share in equal measure with its shareholders. It
is expected that the Management and Supervisory Boards will decide upon the
dividend to be proposed to the annual general meeting to be held in Munich
on May 3, 2011 when the Supervisory Board meets to discuss the annual
accounts on February 22. Last year on May 3, 2010, ATOSS paid a dividend of
EUR 0.50 per share, compared with EUR 0.44 in the year before.
ATOSS is a specialist in a growth market
In the battle for market share, tangible means of increasing productivity
are a high priority for companies competing in our globalized economy. In
the past successes have been achieved in purchasing and production with new
approaches to supply chain management (SCM) and enterprise resource
planning (ERP). Now decision-makers are increasingly focusing their
attention on ways to more appropriately deploy their workforce to meet
demand situations. This area holds considerable potential that can be
tapped at a comparatively modest investment cost which pays for itself in a
very short time. Workforce management is acquiring an unstoppable momentum
which serves to underpin forecasts for market development. IDC Worldwide
expects the market for workforce management in 2011 to grow by 8.5% to
some 1.52 billion US dollars.
ATOSS plans to continue its success with quality earnings
Following on from the highly positive business recorded in Q4 2010, in a
conservative outlook the Board of Management expects to see stable to
moderately increasing sales. Accordingly for the sixth year in succession
ATOSS should remain on course for a record performance. However the focus
of measures planned for 2011 is not so much on developing sales as on
selectively broadening the company's business model and exploiting the
prospects for growth in additional sectors and regions. The company
therefore plans to increase its research and development expenditure and
make further investments. Despite this conscious commitment to the future
development in business at ATOSS, the management conservatively estimates
that the margin on sales on an EBIT basis in 2011 will be around 20%.
Upcoming dates:
11.03.2011 Publication of the consolidated annual financial
statements for 2010
26.04.2011 Press release - statements for Q1 2011
03.05.2011 Annual general meeting in Munich
16.05.2011 Publication of the report for Q1 2011
CONSOLIDATED OVERVIEW: Year-on-year comparison to December 31
(2010 figures are provisional)
In TEUR (as 01.01.2010 Proportion of 01.01.2009 Proportion of ChangeCONSOLIDATED OVERVIEW : Quarterly comparison (figures for Q4 2010 are
per IFRS) - Total sales - Total sales 2010 /
31.12.2- revenues 31.12.2- revenues 2009
010 009
Sales 29,314 100% 29,087 100% 1 %
Software 17,847 61% 16,771 58% 6 %
of which 6,541 22% 6,140 21% 7 %
software
licensing
of which 11,306 39% 10,631 37% 6 %
software
maintenance
Consulting 7,914 27% 8,518 29% -7 %
Hardware 2,452 8% 2,301 8% 7 %
Miscellan- 1,101 4% 1,497 5% -26 %
eous
EBITDA 7,290 25% 5,903 20% 23%
EBIT 6,840 23% 5,519 19%24 %
EBT 6,958 24% 5,854 20% 19 %
Net income 4,799 16% 3,964 14% 21 %
Cash flow 5,795 20% 7,612 26% -24 %
Liquidity 20,691 19,328 7 %
(1/2)
EPS (in 1.21 1.00 21 %
euro)
Employees 247 234 6 %
(3)
provisional)
In TEUR (as per IFRS) Q4/10 Q3/10 Q2/10 Q1/10 Q4/09(1): Cash and marketable securities (2): Dividend of EUR 0.50 per share on
Sales 7,870 7,178 7,118 7,148 7,696
Software 4,652 4,384 4,459 4,352 4,331
of which software licensing 1,711 1,544 1,658 1,628 1,590
of which software 2,941 2,840 2,801 2,724 2,741
maintenance
Consulting 2,204 1,928 1,894 1,889 2,382
Hardware 809 502 601 540 726
Miscellaneous 206 364 164 367 257
EBITDA 1,684 1,928 1,894 1,785 1,239
EBIT 1,582 1,815 1,779 1,663 1,132
EBIT margin in % 20% 25% 25% 23% 15%
EBT 1,642 1,831 1,792 1,693 1,260
Net income 1,183 1,243 1,220 1,153 867
Cash flow -1,168 4,250 -403 3,116 386
Liquidity (1/2) 20,691 21,980 17,789 20,249 19,328
EPS (in euro) 0.30 0.31 0.31 0.29 0.22
Employees (3) 247 247 242 236 234
03.05.2010 (previous year EUR 0.44); (3): At the end of the quarter/year
For further information visit: 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
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, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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110376 31.01.2011Unternehmensinformation / Kurzprofil:
Datum: 31.01.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 33084
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