30.06.2021 OTRS AG  DE000A0S9R37

DGAP-News: OTRS AG publishes 2020 annual report: Significant increase in profitability - Company pays dividend for the first time


DGAP-News: OTRS AG / Key word(s): Annual Results
OTRS AG publishes 2020 annual report: Significant increase in profitability - Company pays dividend for the first time

30.06.2021 / 09:08
The issuer is solely responsible for the content of this announcement.

OTRS AG publishes 2020 annual report: Significant increase in profitability - Company pays dividend for the first time

- EBITDA increases by 43% to EUR 2,308 thousand (previous year: EUR 1,611 thousand)
- First-time payment of a dividend of EUR 0.07 per share

Oberursel, June 30, 2021: OTRS AG (ISIN: DE000A0S9R37) published its 2020 annual report today.

OTRS AG, the manufacturer and world's largest service provider for the OTRS service management suite, looks back on a successful fiscal year 2020. Despite the major impact of the Corona pandemic on the global economy, OTRS AG has continued to grow and significantly increased profitability.

Due to the high agility of the entire company, revenues increased by 5.8% to EUR 9,708 thousand in the reporting year (2019: EUR 9,178 thousand). Once again, recurring revenues proved to be the largest revenue driver. These increased by 13.1% to EUR 8,855 thousand (previous year: EUR 7,833 thousand). In terms of total revenues, recurring revenues accounted for 91.2% (previous year: 85.3%). The recurring revenues mainly comprise annual contracts providing access to OTRS software in various forms plus security, software updates and support. The adopted strategy of relying increasingly on recurring revenue sources in order to generate a revenue stream that is as permanent as possible continues to prove correct and forward-looking.

The significant increase in earnings is a direct consequence of the sustained focus on recurring revenues. In terms of operating earnings before interest, taxes, depreciation and amortization (EBITDA), OTRS AG was able to increase again in the reporting period, recording a significant rise of 43% from EUR 1,611 thousand in the previous year to EUR 2,308 thousand in 2020. Earnings before interest and taxes (EBIT) also rose dramatically to EUR 1,761 thousand, compared to EUR 1,115 thousand in the previous year. Based on this success, OTRS AG will, for the first time in the company's history, submit a dividend proposal of EUR 0.07 per no-par value share that is entitled to a dividend (total EUR 134,141.00) during the Annual General Meeting to be held on August 24, 2021.

With the launch of OTRS 8, OTRS AG achieved another highlight that contributed to the company's success in 2020. With a new user interface and numerous personalization options, OTRS 8 represents a milestone in the development of the software. Immediately after the release and throughout the year, OTRS AG experienced high demand for the solution.

"Our great success in 2020 is based on several factors. First and foremost, it is the great OTRS team that gives its best every day with passion and commitment and is an important partner for our customers on their way into the digital future. What also benefited us is that our own employees were used to working from home. This means we already had the right digital solutions in place and have an appropriate employee culture that allows us to work from the home office with ease. In addition, the Corona pandemic has accelerated digitalization even further. With OTRS 8 and a new version of STORM powered by OTRS, we offer our customers solutions to meet the challenges of advancing digitalization and cybercrime. In this way, we can and will jointly benefit from this major transformation," says André Mindermann, CEO of OTRS AG.

Outlook 2021
For fiscal year 2021, management expects continued profitable growth. Revenues are expected to increase in the order of 5% despite the ongoing Corona pandemic. The forecasted total revenue for fiscal year 2021 will be >EUR 10 million for the first time. The company is thus following the trend of continuous, sustainable growth.

Detailed information can be found in the annual report on the company website https://corporate.otrs.com in the Investor Relations section (the English report will be available on August 24, 2021).

About OTRS Group
OTRS Group is the manufacturer and the world's largest provider of the service management suite OTRS, awarded with the SERVIEW CERTIFIED TOOL seal of approval.

It offers companies industry-independent solutions for structured communication in customer service, IT service management and security management. In addition to the core product OTRS, the security solutions STORM and CONTROL ensure efficient cybersecurity incident management and transparent documentation in accordance with standards such as ISO 27001.

Among its customers are Lufthansa, Airbus, IBM, Porsche, BSI (Federal Office for Security in Information Technology), Max Planck Institute, Toyota and TUI Cruises. The company consists of OTRS AG and its six subsidiaries OTRS Inc. (USA), OTRS S.A. de C.V. (Mexico), OTRS Asia Pte. Ltd. (Singapore), OTRS Asia Ltd. (Hong Kong), OTRS do Brasil Soluções Ltda. (Brazil) and OTRS Magyarország Kft. (Hungary). OTRS AG is listed on the basic board of the Frankfurt Stock Exchange. For more information, see www.otrs.com.

Zimmersmühlenweg 11
D-61440 Oberursel
Tel: +49 (0)6172 681988-0
Fax: +49 (0)9421 56818 18
E-Mail: [email protected]
Internet: www.corporate.otrs.com

Investor Relations
CROSSALLIANCE communication GmbH

Susan Hoffmeister

Bahnhofstr. 8
D-82166 Gräfelfing/München

Tel: +49 (0) 89 125 09 03-30

E-Mail: [email protected]
Internet: www.crossalliance.de

30.06.2021 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

Language: English
Company: OTRS AG
Zimmersmühlenweg 11
61440 Oberursel
Phone: 06172 - 681 988 0
Fax: 09421 - 5681818
E-mail: [email protected]
Internet: www.otrs.com
ISIN: DE000A0S9R37
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Stuttgart
EQS News ID: 1212267

End of News DGAP News Service

1212267  30.06.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 7,25 7,65 8,31 9,80 9,71 11,20 0,00
EBITDA1,2 0,53 0,51 0,97 1,61 2,31 2,50 0,00
EBITDA-Marge3 7,31 6,67 11,67 16,43 23,79 22,32 0,00
EBIT1,4 0,13 0,13 0,58 1,12 1,76 1,95 0,00
EBIT-Marge5 1,79 1,70 6,98 11,43 18,13 17,41 0,00
Jahresüberschuss1 0,11 0,14 0,45 0,78 1,22 1,35 0,00
Netto-Marge6 1,52 1,83 5,42 7,96 12,56 12,05 0,00
Cashflow1,7 0,98 1,70 1,01 0,79 1,46 1,15 0,00
Ergebnis je Aktie8 0,06 0,07 0,23 0,41 0,63 0,69 0,72
Dividende8 0,00 0,00 0,00 0,00 0,07 0,07 0,09
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Veda

FWB:TR9 Charts by TradingView (c)

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0S9R3 16,500 Kaufen 31,62
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
20,89 22,61 0,93 82,09
8,26 21,61 3,26 12,56
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,07 0,07 0,42 21.07.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.09.2021 09.06.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
3,55% 21,47% 5,10% 85,39%
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