24.07.2018
ATOSS Software AG DE0005104400
DGAP-News: ATOSS Software AG: Strong growth continues as high profitability is sustained
DGAP-News: ATOSS Software AG / Key word(s): Half Year Results/Quarterly /
Interim Statement
ATOSS Software AG: Strong growth continues as high profitability is
sustained
24.07.2018 / 08:00
The issuer is solely responsible for the content of this announcement.
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ATOSS Software AG has continued its dynamic development from the first
quarter and expanded its sales growth in the second quarter 2018. According
to preliminary figures, sales at the Munich-based specialist for workforce
management recorded double-digit growth of 11 percent in the first six
months of 2018 to EUR 29.4 million. ATOSS once again underlined its
profitability with a 12 percent increase in operating profits (EBIT) to EUR
7.5 million as well as an EBIT margin of 25 percent. Against the backdrop of
the outstanding order situation, the Management Board has reiterated the
sales and earnings forecast it made at the start of the year.
Munich, July 24, 2018
ATOSS Software AG has seamlessly sustained the trend of the last twelve
record-breaking years and has underlined the success of its strategic
approach with another set of outstanding results. Thanks to
customer-oriented innovations and the successful development of cloud
solutions, ATOSS has also succeeded in continually expanding its dynamic
growth in the first half of the year.
This is highlighted particularly impressively by the orders received for
software licenses and the software component of contracted cloud
subscriptions during the first six months of the year, which rose by 20
percent from EUR 6.4 million to EUR 7.7 million overall.
Double-digit growth rates were also achieved in sales revenues. Software
sales within the Group grew by 12 percent to EUR 18.5 million and therefore
made up 63 percent of Group sales overall (previous year: 63 percent).
Within software income, the largest driver of growth came from recurring
sales from cloud solutions, which more than doubled to EUR 1.8 million
(previous year: EUR 0.8 million). Sales from software licenses totaled EUR
6.0 million (previous year: EUR 6.1 million). The software maintenance
business also enjoyed a successful first half of the year, sustaining the
consistent positive development of past periods. Sales in this area rose by
11 percent to EUR 10.8 million. Sales from consulting services, which have
grown continuously over past years, came in at EUR 8.5 million (previous
year: EUR 7.1 million), representing a substantial rise of 19 percent over
the previous year period. Hardware sales totaled EUR 1.8 million (previous
year: EUR 1.9 million), while other sales came in at EUR 0.7 million
(previous year: EUR 0.9 million).
Return on sales based on EBIT was recorded at the 25-percent level forecast
by the Management Board for the financial year 2018, and that despite
substantially higher expenditure year on year, particularly on research and
development, as well as higher personnel expenses from the expansion of
capacities in Sales and Customer Services. As of June 30, 2018, earnings per
share increased by 14 percent to EUR 1.25 (previous year: EUR 1.10).
Even after the dividend payment of around EUR 1.17 per share (EUR 4.7
million in total) made on May 2, 2018, ATOSS still owns a respectable
position of liquidity of EUR 25.9 million at the end of the first half of
the year (previous year: EUR 23.7 million).
The sustained stability and profitability, in combination with the highly
positive market forecasts, prove that the growth potential of ATOSS is still
far from exhausted. In particular, the promising order pipeline provides an
outstanding foundation moving forward, with orders on hand for software
licenses of EUR 5.1 million (previous year: EUR 5.1 million) and cloud
solutions valued at EUR 12.1 million (previous year: EUR 6.9 million).
As a result, the Management Board has reiterated the forecast it provided at
the start of the year for a continuation of sales development on a par with
the growth rates of the financial year 2017 within a +/- 3 percent corridor.
The EBIT margin is expected to remain at around 25 percent despite the
investments already made and further planned, particularly in developing new
markets, and the continuing high level of expenditure on research &
development amounting to around one fifth of sales.
CONSOLIDATED OVERVIEW AS PER IFRS: HALF-YEARLY COMPARISON IN KEUR
01.01.2018 Proportion 01.01.2017 Proportion Change
- of Total - of Total 2017 /
30.06.2018 sales 30.06.2017 sales 2016
Total 29,446 100% 26,512 100% 11%
sales
Softwar- 18,513 63% 16,600 63% 12%
e
License- 5,970 20% 6,050 23% -1%
s
Mainten- 10,757 37% 9,705 37% 11%
ance
Cloud 1,785 6% 846 3% 111%
Consult- 8,451 29% 7,104 27% 19%
ing
Hardwar- 1,780 6% 1,938 7% -8%
e
Others 703 2% 869 3% -19%
EBITDA 7,942 27% 7,009 26% 13%
EBIT 7,472 25% 6,643 25% 12%
EBT 7,391 25% 6,580 25% 12%
Net 4,986 17% 4,376 17% 14%
profit
Cash 4,366 15% 4,042 15% 8%
flow
Liquidi- 25,862 23,735 9%
ty
(1/2)
EPS in 1.25 1.10 14%
euro
Employe- 436 388 12%
es (3)
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR
Q2/18 Q1/18 Q4/17 Q3/17 Q2/17
Total sales 14,926 14,520 14,585 13,510 13,521
Software 9,265 9,248 9,252 8,733 8,532
Licenses 2,897 3,073 3,455 3,177 3,174
Maintenance 5,420 5,337 5,147 5,036 4,909
Cloud 947 838 650 520 449
Consulting 4,284 4,167 3,922 3,686 3,469
Hardware 1,016 764 1,024 756 995
Others 362 341 387 335 525
EBITDA 3,849 4,093 4,114 3,756 3,518
EBIT 3,624 3,848 3,920 3,563 3,329
EBIT margin in % 24% 27% 27% 26% 25%
EBT 3,616 3,775 3,950 3,530 3,210
Net profit 2,436 2,550 2,691 2,263 2,120
Cash flow -1,368 5,734 -797 5,612 -873
Liquidity (1/2) 25,862 31,584 27,122 28,715 23,735
EPS in euro 0.61 0.64 0.68 0.57 0.53
Employees (3) 436 425 417 408 388
(1) Cash and cash equivalents, other current and non-current financial
assets (sight deposits, gold) as of the qualifying date, adjusted to exclude
borrowings (loans)
(2) Dividend of EUR 1.17 per share on 02.05.2018 (kEUR 4,653) and dividend
of EUR 1.16 per share on 04.05.2017 (kEUR 4,613)
(3) at the end of the quarter/year
Upcoming dates:
August 10, 2018 Publication of the 6-monthly financial statements
October 24, 2018 Publication of the 9-monthly financial statements
November 27, 2018 ATOSS at the German Equity Forum
Background information
ATOSS Software AG is a provider of consulting, software and services
focusing on professional workforce management and demand optimized personnel
deployment. From conventional working time management to mobile apps,
detailed workforce forecasting, sophisticated workforce scheduling or
strategic capacity and demand scheduling, ATOSS has the right solution -
in-the-cloud or on-premises. The modular product families are distinguished
by maximum functionality and state-of-the-art technology and are entirely
platform-independent. ATOSS workforce management solutions are now
delivering measurable contributions to greater value creation and
competitive strengths for around 5,500 customers in 43 countries, while at
the same time enhancing fair planning and job satisfaction. Customers
include enterprises such as Coca Cola, Deutsche Bahn, Edeka, Leverkusen
Clinical Center, Lufthansa, Meyer Werft, Schmitz Cargobull, Sixt, the
municipality of Regensburg and W.L. Gore & Associates. More information is
available at: 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
[email protected]
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24.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: ATOSS Software AG
Rosenheimer Str. 141 h
81671 München
Germany
Phone: +49 (0)89 4 27 71-0
Fax: +49 (0)89 4 27 71-100
E-mail: [email protected]
Internet: www.atoss.com
ISIN: DE0005104400
WKN: 510440
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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