ATOSS Software AG — Earnings Release 2007

Apr 24, 2007

News Details

Corporate | 24 April 2007 08:25

ATOSS Software AG:Growth continues through a very strong first quarter

ATOSS Software AG / Quarter Results

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

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Corporate News

Growth continues through a very strong first quarter

Munich, April 24, 2007 – ATOSS Software AG, the specialist in software
solutions covering all aspects of intelligent staff deployment, remains on
course for further growth in the new financial year 2007. Provisional
figures for the first quarter already show a substantial increase in both
sales and profits over the year before. This year, ATOSS has achieved the
best Q1 results since the company was founded 20 years ago.

With sales up by 12 percent at over € 5.7 million, ATOSS once again posted
a disproportional increase in income from ordinary activities (EBIT) which
rose by 23 percent. Earnings before income and taxes came in at € 0.9
million, against € 0.7 million the year before. It should also be
considered that the first quarter result for 2006 was boosted by
extraordinary earnings of EUR 0.4 million from the sale of the software
product AENEIS. After adjustment for this extraordinary effect, the
operating result actually trebled. The return on sales based on EBIT in Q1
2007 reached 15 % (previous year: 14 %).

Positive signal: New orders significantly higher than last year

Software licensing sales rose by 8 percent to € 1.2 million (previous year:
€ 1.1 million), while maintenance revenues climbed 11 percent to € 2.2
million (previous year: € 2.0 million). Consulting sales also came in 11 %
higher at EUR 1.5 million (previous year: EUR 1.3 million).

Demand remained as strong as ever with new orders up 21 percent over the
year before at EUR 1.2 million (previous year: EUR 1.0 million). The
decision to focus the software portfolio on the core areas of working time
management and personnel resource planning, and the introduction of ATOSS
solutions based on the new J2EE Java technology standard have once again
proven to be the right way forward.

Cash flow from operations soars, liquidity already back up to € 13.6
million

The welcome development in business was also reflected in cash flow of €
3.0 million (previous year: € 2.7 million) which was well ahead of previous
quarters. Liquidity increased accordingly to reach € 13.6 million, equal to
€ 3.44 per share. This compares with the previous year’s figure of € 30.5
million, or € 7.85 per share, out of which however it should be remembered
that ATOSS returned € 21.5 million in Q2 2006 as a dividend to
shareholders. The company thus still enjoys excellent funding power and
extremely comfortable reserves of liquidity as reflected in the continuing
strong equity ratio of 52 percent (previous year: 79 percent).

Outlook as usual remains conservative

For the year 2007 as a whole, the company for the moment stands by its
conservative prediction of a mild improvement in results (EBIT) over the
year before after adjustment for extraordinary effects. However in view of
the improvement in EBIT already achieved in the first quarter of 2007,
provided that the present gratifying trend in business continues in Q2 of
the current financial year, the company reserves the right to increase its
forecast outlook.

GROUP OVERVIEW : Year-on-year comparison as of March 31 (Figures for
Q1/2007 are provisional)

In T€ as per 01.01.2007 Proport. of 01.01.2006 Proport. of Chg.
IFRS
31.03.2007 revenues 31.03.2006 revenues
Revenues 5,729 100% 5,117 100% 12%
Software 3,373 59% 3,056 60% 10%
of which software 1,163 20% 1,074 21% 8%
licenses
of which 2,210 39% 1,982 39% 11%
software
maintenance
Consulting 1,492 26% 1,346 26% 11%
Hardware 697 12% 587 11% 19%
Other 167 3% 129 3% 30%
EBITDA 988 17% 811 16% 22%
EBITCB (1) 879 15% 755 15% 16%
EBIT 868 15% 706 14% 23%
EBT 960 17% 862 17% 11%
Net income 580 10% 497 10% 17%
Cash flow 3,000 52% 2,650 52% 13%
Liquidity (2 / 13,619 30,543 -55%
3)
EPS (in euro) 0.15 0.13 15%
Employees (4) 180 165 9%

GROUP OVERVIEW : Quarters in T€ (as per IFRS) (Figures for Q1/2007 are
provisional)

In T€ as per IFRS Q1/07 Q4/06 Q3/06 Q2/06 Q1/06
Revenues 5,729 6,061 5,538 5,275 5,117
Software 3,373 3,459 3,346 3,068 3,056
of which software licenses 1,163 1,252 1,248 1,038 1,074
of which software maintenance 2,210 2,206 2,098 2,030 1,982
Consulting 1,492 1,489 1,361 1,362 1,346
Hardware 697 904 648 671 587
Other 167 209 184 173 129
EBITDA 988 798 910 692 811
EBITCB (1) 879 690 819 604 755
EBIT 868 684 802 587 706
EBIT margin in % 15% 11% 14% 11% 14%
EBT 960 809 856 666 862
Net income 580 488 542 358 497
Cash flow 3,000 -1,045 2,600 107 2,650
Liquidity (2 / 3) 13,619 10,784 11,664 9,119 30,543
EPS (in euro) 0.15 0.12 0.14 0.09 0.13
Employees (4) 180 169 171 162 165

(1): EBIT before costs for the employee convertible bond participation
scheme
(2): Cash and marketable securities (3): Dividend of EUR 5.50 per share
paid on May 3, 2006
(4): At the end of the quarter

Upcoming dates:

April 26, 2007 Annual General Meeting, Munich

April 27, 2007 Dividend distribution (proposed at EUR 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 24.04.2007

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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