25.04.2023 ATOSS Software AG  DE0005104400

EQS-News: ATOSS Software AG: Strong start to 2023 with dynamic growth in the cloud


 

EQS-News: ATOSS Software AG / Key word(s): Quarterly / Interim Statement/Quarter Results
ATOSS Software AG: Strong start to 2023 with dynamic growth in the cloud

25.04.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


Following a 17th record year in a row, ATOSS Software AG is off to an impressive start to the new year and reporting new revenues and earnings records in the first quarter. Overall, revenues in the first three months increased by a very appreciable 39 percent, climbing to EUR 36.2 million (previous year: EUR 26.0 million). Operating earnings rose from EUR 6.0 million to EUR 11.6 million with an EBIT margin of 32 percent (previous year: 23 percent). In addition to the planned expansion of the cloud business, the dynamic development of revenues and earnings was significantly influenced by revenues from license sales. In view of this extremely successful start to the year and the continued, ongoing attractiveness of its business model, the Management Board is confirming its forecast for the entire 2023 financial year published in January.

 

Munich, April 25, 2023

After the successful fiscal year 2022, all the signs point to further growth for ATOSS Software AG in 2023. The Munich based workforce management specialist was able to boost revenues in the first three months by a very significant 39 percent to EUR 36.2 million. The software segment was responsible for EUR 25.2 million (previous year: EUR 17.1 million) of this figure with a revenues increase of 47 percent. Thanks to the dynamic expansion of the company’s cloud business, revenues from the cloud and subscriptions climbed 61 percent to EUR 11.8 million (previous year: EUR 7.3 million) and now represent 32 percent of total revenues (previous year: 28 percent). Furthermore, the revenues record in software in the first quarter is particularly boosted by the significant rise in one-off revenues of on-premises licenses by comparison with the same quarter in the previous year. Together with a 14 percent rise in revenues from software maintenance totaling EUR 8.8 million (previous year: EUR 7.7 million), recurring revenues advanced year-on-year by 36 percent, reaching EUR 20.5 million (previous year: EUR 15.0 million). Despite the sharp rise in software license revenues, recurring revenues from the cloud and maintenance as a proportion of total revenues remained at the level of the previous year at 57 percent (previous year: 58 percent). Revenues from consulting services expanded to EUR 8.3 million (previous year: EUR 7.2 million) in Q1 2023.

The pleasing growth in the business of the Munich based workforce management software specialist continued unabated in the 2023 financial year. This is clearly reflected by the double-digit growth of Annual Recurring Revenue (ARR for short) in the cloud. ARR here stands for the revenues generated by the company within the next 12 months on the basis of the monthly cloud usage fees running as of the reporting date. This key element in the further expansion of recurring revenues was nearly three-fourths up in the first quarter with a 72 percent rise to EUR 48.5 million (previous year: EUR 28.2 million).

The return on revenues in relation to operating earnings (EBIT) stands at 32 percent as of March 31, 2023 – despite the year-on-year rise in R&D expenditure as part of the Group’s transformation to a cloud-native company – due primarily to the sharp rise in non-recurring license revenues, thereby exceeding the forecast for the whole of 2023 of at least 27 percent.

Due to the excellent start to the year, Group liquidity also rose year-on-year by EUR 24.2 million to EUR 79.0 million. Consequently, even after the dividend distribution of EUR 2.83 per share (EUR 22.5 million in total) proposed to shareholders at the Annual General Meeting on April 28, 2023, ATOSS will continue to enjoy a very strong cash position, guaranteeing the company outstanding prospects for the future.

Consequently, ATOSS remains a bastion of profitable, sustainable growth and is excellently positioned to win further market shares in the future in the international growth markets revolving around workforce management across all customer segments. Besides technologically leading software solutions, this is based first and foremost on the Group’s attractive business model, its financial strength and the high level of predictability of revenues which are being continuously expanded through progress in its cloud business.

Against this background, the Management Board confirms its forecast for 2023 to 2025 issued at the start of the year. This forecast assumes total revenues of EUR 135 million for the 2023 financial year. Furthermore, the company is budgeting an EBIT margin of at least 27 percent for 2023, taking account of planned capital expenditure, especially in sales and distribution, to open up new markets. With a look to 2024, the Group is expecting revenues of EUR 160 million and EUR 190 million for 2025. The margin is expected to rise to at least 30 percent by 2025.

CONSOLIDATED OVERVIEW PURSUANT TO IFRS: 3-MONTH COMPARISON IN KEUR

    01/01/2023
- 03/31/2023
Proportion of
total revenues
01/01/2022
- 03/31/2022
Proportion of
total revenues
  Change
2023 / 2022
           
Total revenues 36,223 100% 26,002 100% 39%
Software 25,213 70% 17,094 66% 47%
   Licenses 4,685 13% 2,048 8% 129%
   Maintenance 8,771 24% 7,724 30% 14%
   Cloud & Subscription 11,757 32% 7,322 28% 61%
Consulting 8,337 23% 7,228 28% 15%
Hardware 1,794 5% 1,071 4% 68%
Others 879 2% 610 2% 44%
           
EBITDA 12,572 35% 6,980 27% 80%
EBIT 11,593 32% 6,010 23% 93%
EBT 11,662 32% 5,291 20% 120%
Net profit 7,731 21% 3,545 14% 118%
Cash flow 23,505 65% 6,060 23% 288%
Liquidity (1) 78,951   54,709   44%
EPS in euro 0.97   0.45   118%
Employees (3) 715   646   11%

 

 

CONSOLIDATED OVERVIEW PURSUANT TO IFRS: QUARTERLY GROWTH IN KEUR

 
 
 
Q1/23
 
Q4/22
 
Q3/22
 
 
Q2/22
 
Q1/22
 
           
Total revenues 36,223 32,033 28,310 27,571 26,002
Software 25,213 22,123 19,738 19,438 17,094
   Licenses 4,685 3,651 2,872 4,036 2,048
   Maintenance 8,771 8,357 7,906 7,645 7,724
   Cloud & Subscriptions 11,757 10,115 8,960 7,757 7,322
Consulting 8,337 7,671 6,632 6,584 7,228
Hardware 1,794 1,388 1,102 915 1,071
Others 879 851 838 633 610
           
EBITDA 12,572 10,143 8,751 8,833 6,980
EBIT 11,593 9,186 7,763 7,843 6,010
EBIT margin in % 32% 29% 27% 28% 23%
EBT 11,662 8,949 7,927 7,143 5,291
Net profit 7,731 5,628 5,455 4,749 3,545
Cash flow 23,505 1,615 16,534 2,060 6,060
Liquidity (1/2) 78,951 56,827 56,242 40,605 54,709
EPS in euro 0.97 0.71 0.68 0.60 0.45
Employees (3) 715 693 679 650 646

 

(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 1.82 on 05/04/2022 (KEUR 14,475)

(3) at the end of the quarter/year
Upcoming dates:

April 28, 2023  Annual General Meeting 2023

July 24, 2023  Press release announcing the 6-monthly financial statements

August 11, 2023  Publication of the 6-monthly financial statements

October 23, 2023 Publication of the 9-monthly financial statements

 

 

ATOSS

 

ATOSS Software AG is a provider of technology and consulting solutions for professional workforce management and demand-optimized workforce deployment. Whether time & attendance management, mobile apps, workforce forecasting, sophisticated workforce scheduling or strategic capacity and requirement planning, ATOSS has just the right solution – both in the cloud and on-premises. The modular product families feature the highest level of functionality, technology and platform independence. With around 15,000 customers in more than 50 countries, ATOSS workforce management solutions make a measurable contribution to increased value creation and competitiveness. At the same time, they ensure greater planning fairness and satisfaction at the workplace. Customers include companies such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Douglas, Edeka, HUK-COBURG, Klinikum Leverkusen, Lufthansa, Schmitz Cargobull, Sixt, Stadt Regensburg, thyssenkrupp Packaging Steel and W.L. Gore & Associates. Further information: www.atoss.com

 

 

 

ATOSS Software AG

 

Christof Leiber / CFO

Rosenheimer Straße 141 h,

D-81671 Munich

Tel.: +49 (0) 89 4 27 71 – 0

Fax: +49 (0) 89 4 27 71 – 100

[email protected]

 

 

 



25.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1615535

 
End of News EQS News Service

1615535  25.04.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 54,61 62,61 71,39 86,05 97,07 113,92 151,20
EBITDA1,2 14,88 17,99 22,51 29,76 31,35 34,71 55,87
EBITDA-Marge3 27,25 28,73 31,53 34,58 32,30 30,47
EBIT1,4 14,13 16,92 19,30 26,17 27,24 30,80 51,82
EBIT-Marge5 25,87 27,02 27,04 30,41 28,06 27,04 34,27
Jahresüberschuss1 9,33 11,19 13,52 17,71 19,34 19,38 35,78
Netto-Marge6 17,08 17,87 18,94 20,58 19,92 17,01 23,66
Cashflow1,7 8,86 12,61 15,27 23,21 26,28 26,27 52,65
Ergebnis je Aktie8 1,17 1,40 1,70 2,23 2,43 2,44 4,50
Dividende8 0,58 2,00 1,27 1,67 1,82 2,83 0,58
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Atoss Software
WKN Kurs in € Einschätzung Börsenwert in Mio. €
510440 239,000 Halten 1.900,80
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
45,96 34,53 1,33 106,18
KBV KCV KUV EV/EBITDA
91,43 36,10 12,57 32,59
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,83 3,37 1,41 30.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
25.04.2024 24.07.2024 23.10.2023 11.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
5,07% 10,13% 14,35% 48,26%
    
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Software , 510440 , AOF , XETR:AOF