DGAP-News: ATOSS Software AG: ATOSS presents fifth record result in succession, remains optimistic for the future
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Final Results
ATOSS Software AG: ATOSS presents fifth record result in succession,
remains optimistic for the future
11.03.2011 / 09:55
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Upward trend sustained: ATOSS presents fifth record result in succession,
remains optimistic for the future
Munich, 11.03.2011 - ATOSS Software AG is presenting its fifth record
result in succession at today's press conference. Overall sales were up
slightly at EUR 29.3 million (previous year EUR 29.1 million). However
growth in the workforce management specialist's core software segment was
above the trend, with turnover up 6% over the year before at EUR 17.8
million (previous year 16.8 million). The Munich-based company is also
reporting a substantial increase in earnings. Operating profits (EBIT) were
up by almost a quarter at EUR 6.8 million (previous year: EUR 5.5 million),
Shareholders are due to benefit from this steep increase in profits with a
dividend up 20% at EUR 0.60 (previous year EUR 0.50). With orders remaining
stable, the Management Board takes an optimistic view of the current year
2011.
While industry association BITKOM reports that the software market in
general in Germany rose by 3.5% in 2010, ATOSS put on 6% in its core
business segment. This not only underscores the fact that ATOSS' chosen
field workforce management is itself is a growth area: more particularly,
it demonstrates the level of customer appreciation for the solutions
developed by ATOSS which are now ideally positioned in the market.
2010 was a highly profitable year with clear positive momentum developing
in Q4
With an operating profit (EBIT) of EUR 6.8 million (previous year EUR 5.5
million), ATOSS increased its margin on sales from 19% in the year before
to 23% in 2010. What's more, the trend in the fourth quarter prompted a
positive outlook for the development in business in 2011. The Q4 sales
total of EUR 7.9 million (previous year EUR 7.7 million) marked the highest
quarterly sales figure in the company's history, while orders received for
software licenses recovered to EUR 2.0 million (previous year EUR 1.6
million).
Solid balance sheet underscores the security and reliability of ATOSS
ATOSS Software AG enjoys excellent relations with its customers. This is
clearly reflected on balance sheet both in the extremely low level of
receivables and in the further reduction in time to payment. For financial
year 2010 the company reported receivables of EUR 3.1 (previous year EUR
4.3 million). The time to payment measured in days was also 13 days
shorter, averaging 32 days in 2010. Allowances fell to EUR 0 (previous year
TEUR 16), providing a reliable indicator of the excellence both of the
company's business processes and of its customer relations. The company's
equity base also signals confidence in the future. The equity ratio in 2010
stood at 63% (previous year 57%), with the return on equity unchanged at
27%. The operating cash flow at EUR 5.8 million (previous year EUR 7.6
million) coupled with increased liquidity at EUR 20.7 million (previous
year EUR 19.3 million) provide a secure foundation on which to finance the
increased expenditure on research and development and the continuing
development of the ATOSS business model planned as part of the company
strategy for 2011.
ATOSS stock clearly beats the benchmark, dividend policy remains consistent
ATOSS stock again put on a strong performance in 2010. The comparative
DAXsubsector Software Performance index put on 19% in the course of the
year, whereas ATOSS shares rose 38% in an increased volume of trading. The
continuing attraction of the stock is confirmed by analysts and supported
by the company's consistent dividend policy. Since it was first announced
in 2003, this policy has been pursued without deviation. With earnings per
share in 2010 coming in at EUR 1.21 the dividend is set to rise by 20% to
EUR 0.60 provided that the AGM on May 3, 2011 concurs with the management's
proposal. Despite the increase in the share price, this represents an
attractive dividend yield of 3.5%. Overall, since the dividend policy was
introduced in 2003, shareholders have received distributions totaling EUR
10.70 per share.
Outstanding starting point for business in 2011
Based on the strong results for 2010 and lively orders for software
licenses, ATOSS is off to a flying start in the new financial year 2011.
While continuing to abide by the company's usual conservative planning
policy, the Management Board expects to see stable to moderately increasing
sales in the current year with a dependable EBIT margin of around 20%. This
is all the more impressive given that activities at ATOSS in 2011 will
focus on the selective development of the company's business model and the
targeted exploitation of growth potential in selected sectors and regions.
Annual Report:
http://www.atoss.com/atoss/en/Company/Investor_Relations/Corporate_reports
/default.htm
Upcoming dates:
26.04.2011 Press release - statements for Q1 2011
03.05.2011 Annual general meeting in Munich
04.05.2011 Dividend payment
16.05.2011 Publication of the report for Q1 2011
25.07.2011 Press release announcing the 6-monthly statements
15.08.2011 Publication of the 6-monthly financial statements
24.10.2011 Press release announcing the 9-monthly statements
14.11.2011 Publication of the 9-monthly financial statements
For further information visit: 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
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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115248 11.03.2011
Datum: 11.03.2011 - 09:55 Uhr
Sprache: Deutsch
News-ID 33451
Anzahl Zeichen: 0
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Kategorie:
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