DGAP-News: ATOSS Software AG reports double-digit growth in sales and earnings
(firmenpresse) - DGAP-News: ATOSS Software AG / Key word(s): Half Year Results
ATOSS Software AG reports double-digit growth in sales and earnings
25.07.2011 / 08:30
---------------------------------------------------------------------
Munich, 25.07.2011 - In the first half of 2011 ATOSS Software AG succeeded
in increasing sales by 10% to EUR 15.8 million, while the operating profit
(EBIT) climbed 13% to EUR 3.9 million. The company's earnings potential is
also reflected in the EBIT margin of 25%. Earnings per share rose by a
substantial 14% to EUR 0.68. The Munich-based specialist in workforce
management has now turned in record results for six years in succession.
The current-year outlook for the IT industry is excellent. Market
researchers at the Gartner Group anticipate worldwide growth of up to 7%,
well ahead of the forecast for the global economy, which is expected to lag
some three percentage points behind. In the German market, industry
association BITKOM sees a realistic prospect of sales increases in excess
of 4% in 2011.
ATOSS growth far outpaces the market
Once again in the first half of 2011, ATOSS Software AG outpaced the market
with sales growth of 10%. Turnover in the company's key software segment
was up 5% over the year before at EUR 9.3 million. In addition as expected
the consulting business was again well ahead of the year before with growth
of 14%. ATOSS generated sales in this segment of EUR 4.3 million which even
exceeded the strong performance (EUR 4.2 million) recorded in 2009.
Hardware sales increased from EUR 1.1 million to EUR 1.4 million, while
other sales revenues totaled EUR 0.7 million (previous year EUR 0.5
million).
Profitability further improved
EBIT at EUR 3.9 million was up 13% on the previous year's record figure.
The pattern of strong earnings development, which has been sustained over a
period of years, reflects the management's goal of achieving above-average
profitability. The performance to date is testimony to the stable cost
structures as well as the high quality of sales recorded by ATOSS.
Earnings before taxes (EBT) amounted to EUR 4.0 million for the period
under review (previous year: EUR 3.5 million), while net income came in at
EUR 2.7 million (previous year: EUR 2.4 million) with earnings per share of
EUR 0.68 (previous year: EUR 0.60). These figures collectively represented
a substantial increase of 14%, while the EBIT margin was one percent higher
at 25%.
The cash flow from operations at EUR 3.9 million (previous year EUR 2.7
million) underscores the stability of the ATOSS business model. And with
liquidity of EUR 22.4 million (previous year EUR 17.8), the company is
largely independent of external funding. As of June 30, liquidity per share
stood at EUR 5.63 (previous year EUR 4.49). In this respect, the company
follows an investment policy whereby the company's liquidity is invested in
part or in its entirety in material assets, in particular physical gold,
stocks with high dividend yields or fixed term deposits. The company's
solid balance sheet ratios are underpinned by an equity ratio of 61%
(previous year 60%).
Workforce management increasingly perceived as a priority area
The aspect of work itself is increasingly becoming the center of attention
as a growth factor. Companies are focusing ever more closely on workforce
management and rebalancing their investment priorities accordingly. One of
the reasons is to be found in rising wage costs, which climbed 5%, even in
the crisis in 2009. However, demographic change and the resulting shortage
of skilled labor is also putting pressure on corporate decision makers to
address this issue with an eye to future efficiencies.
ATOSS offers strategic solutions that have the potential for consistent and
continuous refinement. Sustained investment in research and development was
and is the basis of the company's success. R&D spending in the first half
of 2011 was increased by a further 13% to EUR 3.2 million, equivalent to
21% of sales. 44% of ATOSS employees are engaged in the ongoing development
of products and solutions as the management stands by its strategy of
extending the technological and product leadership that ATOSS enjoys.
Positive order situation provides an outstanding basis for business
development
In the first half of 2011 ATOSS succeeded in acquiring numerous new
customers, among them the premium fashion brand Tommy Hilfiger, the
Praktiker DIY stores chain, and in the health sector, which holds
significant future potential, the BDH Klinik Verbund. In addition ATOSS has
been able to build on existing customer relationships and secure follow-up
orders. As a result of the company's success in serving both new and
existing customers, in the first six months ATOSS booked orders for
software licenses valued at EUR 3.3 million (previous year EUR 3.0
million). Orders on hand as of June 30 stood at EUR 3.1 million (previous
year EUR 3.0 million), providing an outstanding basis for further positive
development in the second half of 2011.
Upcoming dates:
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
22.11.2011 Analysts conference, Deutsches Eigenkapitalforum, Frankfurt
For further information visit: http://www.atoss.comCONSOLIDATED OVERVIEW: Half-yearly comparison to June 30
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
In TEUR (as per 01.01.2011 Proportion of 01.01.2010 Proportion of ChaCONSOLIDATED OVERVIEW: Quarterly comparison with the previous year
IFRS) - Total sales - Total sales nge
30.06.20 revenues 30.06.20 revenues
11 10
Sales 15,762 100% 14,265 100% 10%
Software 9,280 59% 8,811 62% 5%
of which 3,328 21% 3,286 23% 1%
software
licensing
hie of which 5,952 38% 5,525 39% 8%
software
maintenance
Consulting 4,306 27% 3,782 27% 14%
Hardware 1,435 9% 1,141 8% 26%
Miscellaneous 741 5% 531 4% 40%
EBITDA 4,108 26% 3,679 26% 12%
EBIT 3,877 25% 3,442 24% 13%
EBT 3,982 25% 3,485 24% 14%
Net income 2,704 17% 2,373 17% 14%
Cash flow 3,931 25% 2,713 20% 45%
Liquidity 22,375 17,789 26%
EPS (in euro) 0.68 0.60 14%
Employees (3) 249 242 3%
In TEUR (as per IFRS) Q2/11 Q1/11 Q4/10 Q3/10 Q2/10(1): Cash and equivalents, current and non-current other financial assets
Sales 7,913 7,848 7,870 7,178 7,118
Software 4,705 4,574 4,652 4,384 4,459
of which software licensing 1,676 1,652 1,711 1,544 1,658
of which software3,029 2,922 2,941 2,840 2,801
maintenance
Consulting 2,184 2,122 2,204 1,928 1,894
Hardware 548 887 809 502 601
Miscellaneous 476 265 206 364 164
EBITDA 2,054 2,054 1,684 1,928 1,894
EBIT 1,941 1,936 1,582 1,815 1,779
EBIT margin in % 25% 25% 20% 25% 25%
EBT 2,015 1,967 1,642 1,831 1,792
Net income 1,367 1,337 1,183 1,243 1,220
Cash flow 843 3,088 -1,168 4,250 -403
Liquidity (1/2) 22,375 23,682 20,691 21,980 17,789
EPS (in euro) 0.34 0.34 0.30 0.31 0.31
Employees (3) 249 253 247 247 242
(e.g. gold, equities); (2): Dividend of EUR 0.50 per share on May 3, 2010
(TEUR 1,981) and EUR 0.60 on May 4, 2011 (TEUR 2,386); (3): at the end of
the quarter
End of Corporate News
---------------------------------------------------------------------
25.07.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
132955 25.07.2011Unternehmensinformation / Kurzprofil:
Datum: 25.07.2011 - 08:30 Uhr
Sprache: Deutsch
News-ID 34670
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 217 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: ATOSS Software AG reports double-digit growth in sales and earnings"
steht unter der journalistisch-redaktionellen Verantwortung von
ATOSS Software AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
