24.07.2023 ATOSS Software AG  DE0005104400

EQS-News: ATOSS Software AG: Strong business performance with vibrant growth dynamics in the cloud and profitable earnings growth


 

EQS-News: ATOSS Software AG / Key word(s): Half Year Results/Quarter Results
ATOSS Software AG: Strong business performance with vibrant growth dynamics in the cloud and profitable earnings growth

24.07.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Following the presentation of provisional figures, in the second quarter of 2023 ATOSS Software AG continued its dynamic development of the first three months with considerable success and achieved new records in revenues and earnings. In the first six months of the fiscal year 2023, consolidated revenues increased by a very appreciable 37 percent year-on-year to EUR 73.2 million (previous year: EUR 53.6 million). In particular, the Group made significant progress in expanding its cloud business. Viewed against the background of the business development in the first half of the year, the Management Board has raised its revenues and earnings forecast for the current financial year.

 

Munich, July 24, 2023

 

ATOSS Software AG remains on course for growth and is continuing its sustained corporate success in the first half of 2023. The Munich-based specialist for workforce management lifted its revenues in the first half of the year very significantly by 37 percent to EUR 73.2 million. Of this amount, software revenues contributed a 42 percent increase in revenues totaling EUR 51.8 million (previous year: Mio. EUR 36.5 million). Driven by the dynamic expansion of the cloud business, revenues from the Cloud and Subscriptions were up by 64 percent to EUR 24.8 million (previous year: EUR 15.1 million) and are now accounting for a share of total revenues of 34 percent (previous year: 28 percent). Moreover, the revenues record in software is also due in particular to the significant increase in non-recurring revenues of on-premises licenses compared with the first half of the previous year. Together with the 15 percent rise in software maintenance revenues amounting to EUR 17.7 million (previous year: EUR 15.4 million), recurring revenues advanced year-on-year by 40 percent, reaching EUR 42.5 million (previous year: EUR 30.4 million). Notwithstanding the strong increase in software licenses revenues, the share of recurring revenues from cloud and maintenance in total revenues remained stable at 58 percent (previous year: 57 percent). In the first six months revenues with consulting services expanded to EUR 16.4 million (previous year: EUR 13.8 million).

Overall, the Group's order situation is robust despite the clouding of the economic environment. This is based on the significantly higher than planned order intake in the previous year, which more than compensates for the slight weakening of demand in the first half of 2023 compared to prior year period. This is reflected in a cloud order backlog of EUR 56.3 million (December 31, 2022: EUR 43.3 million) and in an on-premises order backlog of EUR 5.9 million (December 31, 2022: EUR 7.3 million). The cloud order backlog shows revenues from contractually secured cloud usage fees within the next 12 months. Cloud Annual Recurring Revenues (in short: ARR) increased by 25 percent to a total of EUR 51.5 million (December 31, 2022: EUR 41.0 million). Total ARR (consisting of cloud usage fees and maintenance revenues) trended upwards to EUR 87.1 million as of June 30, 2023 (December 31, 2022: EUR 74.8 million).

As of June 30, 2023, the return on revenues relative to operating earnings (EBIT) stands at 33 percent (previous year: 26 percent) - notwithstanding the year-on-year increase in R&D expenditure resulting from the expansion of technology leadership as well as the continuous general increase in the headcount – which is markedly above the forecast for 2023 as a whole of 27 percent in any case, mainly due to the sharp rise in non-recurring license revenues.

The strong performance of ATOSS is also reflected by other key financial indicators for the Group, such as liquidity and operating cash flow. Despite the dividend payment of EUR 2.83 per share on May 4, 2023 (totaling EUR 22.5 million), liquidity was up by 40 percent year-on-year to EUR 56.9 million (previous year: EUR 40.6 million). As of June 30, 2023, cash flow from operating activities rose significantly by EUR 17.0 million from EUR 8.1 million in the prior year to EUR 25.1 million.

With the figures now presented, ATOSS has once again demonstrated the consistency of its impressive positive development. Consequently, ATOSS remains a guarantor of growth and stability and, with its business model, is excellently positioned to continue growing in the future in the very attractive growth markets revolving around workforce management and digitization across all customer segments. This position is based on a clear vision and strategy, forward-looking technologies, and solutions that generate sustainable added value for the company’s customers.

Reaffirmed by the outstanding business development in the first half of the year, the Management Board is raising its previous guidance for the full year 2023 and now expects total revenues of at least EUR 142 million for the current year (previously: EUR 135 million) and an EBIT margin for the year of around 30 percent (previously: 27 percent in any case). In view of the current economic environment and its impact on the order situation the medium term forecast up to 2025 remains unchanged. The company anticipates revenues of EUR 160 million in 2024 and EUR 190 million in 2025. In 2025, the margin is expected to exceed 30 percent.

CONSOLIDATED OVERVIEW PURSUANT TO IFRS: HALF-YEAR COMPARISON IN KEUR

    01/01/2023
- 06/30/2023
Proportion of
total revenues
01/01/2022
- 06/30/2022
Proportion of
total revenues
  Change
2023 / 2022
           
Total revenues 73,249 100% 53,573 100% 37%
Software 51,807 71% 36,532 68% 42%
   Licenses 9,332 13% 6,084 11% 53%
   Maintenance 17,688 24% 15,369 29% 15%
   Cloud & Subscription 24,787 34% 15,079 28% 64%
Consulting 16,400 22% 13,812 26% 19%
Hardware 3,359 5% 1,986 4% 69%
Others 1,682 2% 1,243 2% 35%
           
EBITDA 26,152 36% 15,813 30% 65%
EBIT 24,208 33% 13,853 26% 75%
EBT 24,389 33% 12,434 23% 96%
Net profit 16,189 22% 8,294 15% 95%
Cash flow 25,123 34% 8,120 15% 209%
Liquidity (1) 56,887   40,605   40%
EPS in euro 2.04   1.04   95%
Employees (3) 735   650   13%

 

 

CONSOLIDATED OVERVIEW PURSUANT TO IFRS: QUARTERLY GROWTH IN KEUR

 
 
 
Q2/23 Q1/23 Q4/22 Q3/22 Q2/22
           
Total revenues 37,026 36,223 32,033 28,310 27,571
Software 26,594 25,213 22,123 19,738 19,438
   Licenses 4,647 4,685 3,651 2,872 4,036
   Maintenance 8,917 8,771 8,357 7,906 7,645
   Cloud & Subscriptions 13,030 11,757 10,115 8,960 7,757
Consulting 8,063 8,337 7,671 6,632 6,584
Hardware 1,565 1,794 1,388 1,102 915
Others 803 879 851 838 633
           
EBITDA 13,580 12,572 10,143 8,751 8,833
EBIT 12,615 11,593 9,186 7,763 7,843
EBIT margin in % 34% 32% 29% 27% 28%
EBT 12,727 11,662 8,949 7,927 7,143
Net profit 8,458 7,731 5,628 5,455 4,749
Cash flow 1,618 23,505 1,707 16,534 2,060
Liquidity (1/2) 56,887 78,951 56,827 56,242 40,605
EPS in euro 1.07 0.97 0.71 0.68 0.60
Employees (3) 735 715 693 679 650

 

(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 2.83 on 05/04/2023 (KEUR 22,507) Dividend of EUR 1.82 on 05/04/2022 (KEUR 14,475)

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

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

September 15, 2023  Extraordinary General Meeting

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

November 27, 2023 ATOSS at the German Equity Forum

 

 

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]

 

 

 



24.07.2023 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: 1685945

 
End of News EQS News Service

1685945  24.07.2023 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 247,000 Halten 1.964,42
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
47,50 34,53 1,38 109,73
KBV KCV KUV EV/EBITDA
94,49 37,31 12,99 33,73
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,83 3,37 1,36 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
8,30% 13,71% 18,18% 49,70%
    
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Software , 510440 , AOF , XETR:AOF