DGAP-News: ATOSS Software AG: ATOSS Software AG reports the best ever first quarter in the company's history, six successive record year within reach
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Quarter Results
ATOSS Software AG: ATOSS Software AG reports the best ever first
quarter in the company's history, six successive record year within
reach
26.04.2011 / 08:29
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Corporate News
ATOSS Software AG reports the best ever first quarter in the company's
history, six successive record year within reach
Munich, 26.04.2011 - ATOSS Software AG has once again increased its sales
and earnings, setting new records in the first three months of 2011. The
strong upward trend in business now continues for a sixth year in
succession. The specialist in workforce management achieved a 10% increase
in sales, lifting turnover to EUR 7.8 million (previous year EUR 7.1
million), with a further substantial improvement in all key figures. The
operating profit (EBIT) came in at EUR 1.9 million (previous year: EUR 1.7
million), with net earnings at EUR 1.3 million (previous year: EUR 1.2
million). In each case, this equates to an increase of 16%. With the first
quarter of 2011 now behind it and the outlook remaining positive, a sixth
record year in succession is now within reach for ATOSS Software AG.
In its core software business, the Munich-based company generated sales of
EUR 4.6 million, up 5% on the EUR 4.4 million recorded in Q1 2010. After a
year of consolidation in line with expectations, consulting sales also
began to increase once more, rising 12% from EUR 1.9 million last year to
EUR 2.1 million. In its non-core business, ATOSS recorded hardware sales of
EUR 0.9 million (previous year EUR 0.5 million) and other sales revenues of
EUR 0.3 million (previous year EUR 0.4 million).
Disproportionate increase in profitability
With sales up 10%, ATOSS Software AG once again succeeded in
disproportionately increasing its profitability. This was evident both in
the operating result of EUR 1.9 million (previous year: EUR 1.7 million),
as well as in earnings before taxes (EBT) at EUR 2.0 million (previous
year: EUR 1.7 million) and net income at EUR 1.3 million (previous year:
EUR 1.2 million). The return on sales based on EBIT reached 25%, up from
23% last year. Earnings per share climbed to a new quarterly record of EUR
0.34, up 16% on last year's EUR 0.29.
The EBIT margin of 25% demonstrates just how firmly results have stabilized
at a very high level, and underscores the development potential offered by
the company's business model. ATOSS has also maintained its research&development expenditure during the first quarter at the same 20% level as
last year. As previously announced, potential investments in the course of
the year will be targeted at selectively developing the ATOSS business
model and exploiting growth opportunities in selected sectors and markets.
Liquidity climbs to EUR 23.7 million, equity ratio stands at 59%
By the end of the first quarter of 2011 cash flow at EUR 3.1 million
matched the previous year's very high level. As a result liquidity climbed
a further 17% to EUR 23.7 million, equivalent to liquidity of EUR 5.96 per
share (previous year: EUR 5.11). Despite the increase in the balance sheet
total which by the end of the quarter had risen to EUR 32.0 million, thanks
to the strong development in earnings the company still reports an
excellent equity ratio of 59% (31.12.2010: 63%).
Investments in personnel help to consolidate future potential
ATOSS has invested strongly in developing its personnel capacities. At the
end of the period under review, ATOSS Software AG employed a workforce of
253, up 7% on the total of 236 at the end of the first quarter of 2010. In
order to further enhance the sustained future potential of its products and
increase both the breadth and depth of its technical expertise, the company
focused in particular on strengthening its development and consulting
teams. As the improvement in the EBIT margin shows, these investments have
in no way impaired the quality of earnings.
New customer acquisitions have a positive effect on orders
ATOSS Software AG has continued to successfully acquire new customers in
the first quarter of 2011, among them the listed DIY stores chain Praktiker
and premium fashion brand Tommy Hilfiger, as well as babywalz, Europe's
leading specialist mail order company for the young family. Orders booked
for software licenses as of March 31, 2011 amounted to EUR 2.0 million,
compared with EUR 1.8 million in the year before, while orders on hand also
increased substantially. At the end of the 1st quarter of 2011, ATOSS had
orders on hand for software licenses valued at EUR 3.4 million, some 10% up
on the comparative figure of EUR 3.1 million on December 31, 2010.
Sixth successive record year within reach
In terms of both sales and earnings, in the first quarter of 2011 ATOSS
achieved the best results in its history in view of the highly positive
development in business and the increased volume of orders on hand, it is
now proportionately easier to reliably forecast the outcome for the current
financial year. Notwithstanding the investments that are planned, the
management expects moderate sales growth in 2011 with a secure EBIT margin
of over 20%. A sixth successive record year is now within reach for ATOSS
Software AG.
Upcoming dates:
03.05.2011 Annual general meeting in Munich
04.05.2011 Dividend distribution (proposed at EUR 0.60 per share)
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
CONSOLIDATED OVERVIEW: Quarterly comparison
In TEUR (as 01.01.2- Proportion of 01.01.2010 Proportion of Change
per IFRS) 011
- Total sales - Total sales 2011 /
31.03.2- revenues 31.03.2- revenues 2010
011 010
Sales by 7,848 100% 7,148 100% 10%
value
Software 4,574 58% 4,352 61% 5%
of which 1,652 21% 1,628 23% 1%
software
licensing
of which 2,922 37% 2,724 38% 7%
software
maintenance
Consulting 2,122 27% 1,889 26% 12%
Hardware 887 12% 540 8% 64%
Miscellan- 265 3% 367 5% -28%
eous
EBITDA 2,054 26% 1,785 25% 15%
EBIT 1,936 25% 1,663 23% 16%
EBT 1,967 25% 1,693 24% 16%
Net income 1,337 17% 1,153 16% 16%
Cash flow 3,088 39% 3,116 44% -1%
Liquidity 23,682 20,249 17%
(1/2)
L
EPS (in 0.34 0.29 16%
euro)
Employees 253 236 7%
(3)
CONSOLIDATED OVERVIEW: Quarterly development
In TEUR (as per IFRS) Q1/11 Q4/10 Q3/10 Q2/10 Q1/10
Sales 7,848 7,870 7,178 7,118 7,148
Software 4,574 4,652 4,384 4,459 4,352
of which software licensing 1,652 1,711 1,544 1,658 1,628
of which software 2,922 2,941 2,840 2,801 2,724
maintenance
Consulting 2,122 2,204 1,928 1,894 1,889
Hardware 887 809 502 601 540
Miscellaneous 265 206 364 164 367
EBITDA 2,054 1,684 1,928 1,894 1,785
EBIT 1,936 1,582 1,815 1,779 1,663
EBIT margin in % 25% 20% 25% 25% 23%
EBT 1,967 1,642 1,831 1,792 1,693
Net income 1,337 1,183 1,243 1,220 1,153
Cash flow 3,088 -1,168 4,250 -403 3,116
Liquidity (1/2) 23,682 20,691 21,980 17,789 20,249
EPS (in euro) 0.34 0.30 0.31 0.31 0.29
Employees (3) 253 247 247 242 236
(1): Cash and marketable securities (2): Dividend of EUR 0.50 per share on
03.05.2010 (previous year EUR 0.44); (3): At the end of the quarter
Contact: ATOSS Software AG
Christof Leiber / 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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121048 26.04.2011
Datum: 26.04.2011 - 08:29 Uhr
Sprache: Deutsch
News-ID 33868
Anzahl Zeichen: 0
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Kategorie:
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