ATOSS Software AG — AGM Information 2007

Apr 26, 2007

News Details

Corporate | 26 April 2007 16:25

ATOSS Software AG: Annual General Meeting

ATOSS Software AG / AGM/EGM

Announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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ATOSS AGM: Shareholders express satisfaction, forecasts may be revised

Munich, April 26, 2007 – At the annual general meeting held today, the
Management Board of ATOSS Software AG was able to report new records, both
for the financial year 2006 and for the first quarter of 2007.

It is 20 years now almost to the day since ATOSS was first founded and in
that time the company has established itself as a specialist in software
solutions covering all aspects of intelligent staff deployment. ATOSS has
recorded consistent growth since Q4 2005 and can now offer a portfolio of
new Java J2EE-based software clearly focused on its core specialties of
working time management and personnel resource planning. As a provider of
solutions to a wide range of industries, ATOSS aims to consistently offer
market-leading technologies and services for customers of every size in
virtually every sector.

Strong corporate demand in financial year 2006 for the new Java-based
technologies introduced the year before resulted in healthy growth in
sales, combined with substantial improvements in results.

With sales coming in at € 22.0 million (previous year: € 20.4 million),
ATOSS posted a profit on ordinary activities (EBIT) of € 2.8 million
(previous year: € 0.6 million). This figure represents a more than fourfold
increase in EBIT. The increase in software licensing sales was particularly
strong, and the even stronger increase in orders received provides an
excellent foundation for the new financial year in 2007.

Strong first quarter in 2007

With sales up by 12 % to over € 5.7 million in Q1 2007, ATOSS Software AG
recorded another exceptionally strong increase in profits on ordinary
activities which rose by 23 %. Earnings before income and taxes came in at
€ 0.9 million, against € 0.7 million the year before. Taking into account
extraordinary income of € 0.4 million deriving from last year‘s sale of the
product AENEIS, adjusted operating profits actually trebled. The return on
sales based on EBIT in Q1 2007 reached 15 % (previous year: 14 %).

The buoyant Q1 cash flow of € 3.0 million (previous year: € 2.7 million)
reflected the positive development in business and helped boost liquidity
even further to € 13.6 million, or € 3.44 per share. ATOSS continues to
enjoy first-class funding power and highly comfortable liquid reserves.

AGM virtually unanimous in approving all agenda items

The shareholders received the Management Board’s report on the healthy
development in business and the company‘s strategy with positive approval
and endorsed the management’s proposals by an overwhelming majority. In
addition to the usual agenda items including formal approval of the
Management and Supervisory Boards and the election of the auditor, the
meeting also voted on the appropriation of net profits. A resolution was
duly adopted to pay a dividend of € 0.24 per share out of the net income of
around € 2.5 million for 2006 and carry forward the remainder in excess of
€ 1.5 million to new account.

Outlook remains conservative but forecasts subject to revision

For the time being, the Management Board stands by its conservative outlook
for the current year 2007 which foresees a mild increase in results over
the year before (EBIT) after adjustment for extraordinary effects.

According to ATOSS Management Board Chairman Andreas F.J. Obereder,
however, it is conceivable that this forecast may be revised. With strong
customer demand continuing in Q1 2007 and orders received for software
licenses rising by 21 percent over the year before to € 1.2 million
(previous year: € 1.0 million), the trend in business remains positive.
What’s more, ATOSS achieved results in the first quarter which far exceeded
not only the figures for the previous year, but also the company‘s own
projections. Nevertheless the Management Board intends to await
developments in Q2 before making any revision to its forecasts.

Upcoming dates:

April 27, 2007 Dividend payment of € 0.24 per share

Further information available from: http://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 – 265
Fax +49 (0) 89 4 27 71 – 100
investor.relations@atoss.com

DGAP 26.04.2007

Language: English
Issuer: ATOSS Software AG
Am Moosfeld 3
81829 München Deutschland
Phone: +49 (0)89 4 27 71-0
Fax: +49 (0)89 4 27 71-100
E-mail: revolution-in-time@atoss.com
www: www.atoss.com
ISIN: DE0005104400
WKN: 510440
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf

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