DGAP-News: ATOSS Software AG: AGM approves increased dividend of EUR 0.60, ATOSS on course for another record performance in 2011
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): AGM/EGM/Dividend
ATOSS Software AG: AGM approves increased dividend of EUR 0.60, ATOSS
on course for another record performance in 2011
03.05.2011 / 13:39
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AGM approves increased dividend of EUR 0.60, ATOSS on course for another
record performance in 2011
Munich, 03.05.2011 - At today's annual general meeting the Management Board
of ATOSS Software AG presented the company's fifth record results in
succession and reported an optimistic outlook for the current year. The
shareholders approved the management's proposals unanimously or by an
overwhelming majority.
In financial year 2010 ATOSS achieved an operating profit (EBIT) of EUR 6.8
million (previous year: EUR 5.5 million) on sales of EUR 29.3 million
(previous year: EUR 29.1 million). Earnings per share amounted to EUR 1.21
(previous year EUR 1.00).
The 20% increase approved today by the shareholders lifted the dividend to
EUR 0.60 (previous year EUR 0.50). It remains the goal of the Management
Board to enable shareholders to participate in the company's success by
distributing around 50% of earnings per share. Based on the price for the
stock at the end of 2010, the company is offering a dividend yield of 3.5%.
Since ATOSS first introduced its dividend policy, the specialist in
workforce management has continuously raised the level of payments,
allowing shareholders to benefit from additional value added over and above
the highly positive development in the share price. With the stock
currently trading at around EUR 17.50, experts foresee the potential for
further growth of up to 25%.
In addition to the appropriation of net income, shareholders also voted
unanimously or by an overwhelming majority to formally discharge the
Management and Supervisory Boards and adopt management proposals to elect
auditors and appoint a new member to the Supervisory Board and approve an
authority to purchase treasury shares.
The report by the Management Board on the status of the company and the
business environment in which ATOSS operates clearly portrayed the
increasing relevance of workforce management. Both long-term developments
and short- and medium-term trends serve to heighten the significance of
this issue. Workforce management is increasingly becoming a core management
function without which the kind of success that delivers long-term value is
unachievable.
Quarterly figures heighten expectations for 2011
With the figures for the first quarter of 2011 now published, it is clear
that ATOSS Software AG is on track for a further record performance. This
was the best first quarter in the company's history with sales up 10% at
EUR 7.8 million and profitability even stronger (EBIT climbed 16% to EUR
1.9 million), firmly underpinning the positive full-year outlook. The
Management Board expects moderate sales growth with an EBIT margin securely
above the 20% mark.
Upcoming dates:
04.05.2011 Dividend distribution (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/
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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03.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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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122701 03.05.2011
Datum: 03.05.2011 - 13:39 Uhr
Sprache: Deutsch
News-ID 33948
Anzahl Zeichen: 0
contact information:
Kategorie:
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