ATOSS Software AG — Earnings Release 2001

Feb 20, 2002

News Details

Ad-hoc | 20 February 2002 08:36

ATOSS Software AG english

Preliminary Figures: Record sales performance maintained, turnaround in results Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Preliminary Figures: Record sales performance maintained, turnaround in results ATOSS Software AG the leading supplier of software solutions in the field of Staff Efficiency Management (SEM), has achieved the turnaround in results in the fourth quarter of 2001. In an extremely difficult economic climate, ATOSS nevertheless achieved sales totaling EUR 21.2 m in financial year 2001. This was just 1% below the previous year’s record sales figure of EUR 21.5 m, despite the absence of exceptionally large individual orders of the kind which put their stamp on performance in 2000. In Q4 01, ATOSS achieved a positive operating result of EUR 0.2 m. EBIT improved from EUR -1.6 m as at 30.09.01 to EUR -1.4 m as at 31.12.01 (2000: EUR -0.8 m). The annual result at EUR -0.2 m (2000: EUR – 0.1 m) was virtually even. Operating cash flow was positive, at EUR 2.8 m (2000: EUR -4.5 m). Liquidity rose in Q4 from EUR 30.3 m to EUR 31.7 m. The Management Board regards the results achieved in the third and fourth quarters as confirmation that the cost-cutting measures introduced in the end of the year 2000 were the right ones. The management is now confident that a cost base has been achieved which even under adverse conditions will permit further investment in new products whilst at the same time enabling a positive development in results in the year 2002. Even though ATOSS has in recent weeks been in a position to report a number of important orders, among others from LSG Sky Chefs, a subsidiary of Deutsche Lufthansa AG, Phoenix Pharmahandel AG, Expo 2002, the Swiss Army (Q4 01) and Crossair (Q1 02), as a result of the continuing weakness of the investment climate, the Management Board remains cautious in predicting the future development of the company. However, a significant improvement in results is anticipated. The trend which began with the turnaround achieved since the middle of 2001 should lead to a positive operating result and a continuing positive operating cash flow in financial year 2002. On the basis of its optimized cost structure and extensive investments in product development, ATOSS will benefit significantly from an improvement in the investment climate. With effect from 2003, the company can be expected to outpace market growth. Annual press conference: 18.03.02, 10.00 a.m., CeBIT Contact: ATOSS Software AG, Christof Leiber LL.M., Am Moosfeld 3, D-81829 Munich, Tel.: +49(0)8942771-265,revolution-in-time@atoss.com, http://www.atoss.com end of ad-hoc-announcement (c)DGAP 20.02.2002 ——————————————————————————– WKN: 510 440; ISIN: DE0005104400; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 200836 Feb 02