ATOSS Software AG — Earnings Release 2008

Apr 24, 2008

News Details

Corporate | 24 April 2008 08:29

ATOSS Software AG: ATOSS Software AG accelerates growth still further in Q1 2008

ATOSS Software AG / Quarter Results/Quarter Results

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Corporate News

ATOSS Software AG accelerates growth still further in Q1 2008

Munich, April 24, 2008 – In the first quarter of the year ATOSS Software
AG, the specialist in software solutions covering all aspects of
intelligent staff deployment, has recorded substantial increases in all
important key figures relative to the same period last year. The company
has not only maintained but actually accelerated the continuing growth
which it has sustained since Q4 2005. Sales were up by 12 %, while the
operating result showed an outstanding increase of around 50 %.

With total sales coming in at € 6.4 million in Q1 2008 compared with € 5.7
million last year, ATOSS boosted its turnover by 12 % and exceeded the rate
of increase recorded both in financial year 2007 as a whole (+11 %) as well
as in the fourth quarter of 2007 (+10 %). EBIT as the principal indicator
of operating results climbed 50 % to stand at € 1.3 million.

Operating margin on sales reaches 20 %

As a result of the exceptional improvement in results, the margin on sales
reached a record 20 %. Even after adjusting for one-off effects which
impacted positively on profits on ordinary business activities in the first
quarter of 2008, the EBIT margin still rose to 17 %, compared with 15 % in
the year before.

All of the other key figures were also substantially improved: Taking into
account a one-off negative effect which impacted the financial result, net
income climbed 18 % from € 0.6 million to € 0.7 million. Earnings per share
(EPS) came in at € 0.17, compared with € 0.15 in Q1 2007.

Software licenses power business development

The improvement in overall sales recorded by ATOSS Software AG was once
again the product of highly positive developments in all areas. However
growth was predominantly powered by the real driving force, the software
licensing business. Sales of software licenses were up from € 1.2 million
in the previous year to € 1.3 million in the first quarter of 2008. This
clear increase of 12 % further reinforces the positive trend evident in the
year before. Likewise in the field of software maintenance, sales rose
strongly by 9 % from € 2.2 million to € 2.4 million.

Overall ATOSS succeeded in recording growth of 10 % in software related
sales, taking software sales to over € 3.7 million, while consulting
services at approaching € 1.8 million posted an increase of 19 %. Given
that consulting sales largely represent an advance indicator of the future
trend in software licenses, this welcome development is of particular
significance. Sales of hardware were also expanded, rising 4 % to € 0.7
million.

Cash flow from operations stands at € 3.0 million, liquidity at € 4.10 per
share

The positive progress made by ATOSS was also reflected in the company’s
cash flow which came in at over € 3.0 million in a repeat of the previous
year’s strong performance. Against this backdrop, liquidity climbed 20 %
from € 13.6 million to € 16.4 million, equal to € 4.10 per share.

ATOSS Software AG continues to display outstanding funding power and very
high reserves of liquidity with a comparatively strong equity ratio of 53 %
(previous year: 52 %).

Positive outlook for the current financial year 2008

As further evidence of the strength of customer demand, orders on hand as
of March 31, 2008 stood at € 1.5 million, up 9 % over the year before. The
ATOSS Board of Management therefore expects the company’s positive
development to continue. The Board anticipates that the operating result
(EBIT) for financial year 2008 will increase to an excess of € 4 million
(previous year: € 3.7 million).

Upcoming dates:

April 29, 2008 Annual General Meeting, Munich

April 30, 2008 Dividend distribution (proposed at EUR 0.31 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

CONSOLIDATED OVERVIEW : Year-on-year comparison as of March 31

In T€ as per 01.01.2008 Proportion 01.01.2007 Proportion Change
31.03.2008 of sales 31.03.2007 of sales
Sales 6,399 100 % 5,729 100 % 12 %
Software 3,717 58 % 3,373 59 % 10 %
software lic. 1,307 20 % 1,163 20 % 12 %
software main. 2,410 38 % 2,210 39 % 9 %
Consulting 1,770 28 % 1,492 26 % 19 %
Hardware 725 11 % 697 12 % 4 %
Miscellaneous 186 3 % 167 3 % 11 %
EBITDA 1,395 22 % 988 17 % 41 %
EBIT 1,306 20 % 868 15 % 50 %
EBT 1,006 16 % 960 17 % 5 %
Net income 685 11 % 580 10 % 18 %
Cash flow 3,035 47 % 3,000 52 % 1 %
Liquidity (1) 16,375 13,619 20 %
EPS (in euro) 0.17 0.15 17 %
Employees (3) 198 180 10 %

CONSOLIDATED OVERVIEW : Quarterly comparison with the previous year

In T€ as per IFRS Q1/08 Q4/07 Q3/07 Q2/07 Q1/07
Sales 6,399 6,670 6,099 5,924 5,729
Software 3,717 3,900 3,782 3,594 3,373
of which software licensing 1,307 1,419 1,482 1,345 1,163
of which software maintenance 2,410 2,481 2,300 2,249 2,210
Consulting 1,770 1,740 1,489 1,486 1,492
Hardware 725 678 644 664 697
Miscellaneous 186 352 184 180 167
EBITDA 1,395 1,050 1,020 1,147 988
EBIT 1,306 941 907 1,014 868
EBIT margin in % 20 % 14 % 15 % 17 % 15 %
EBT 1,006 1,075 1,028 1,108 960
Net income 685 693 564 664 580
Cash flow 3,035 -1,325 3,238 -762 3,000
Liquidity (1/2) 16,375 13,468 14,841 11,743 13,619
EPS (in euro) 0.17 0.17 0.14 0.17 0.15
Employees (3) 198 195 192 188 180

(1): Cash and marketable securities (2): Dividend of € 0.24 per share
paid on April 27, 2007 (3): At end of quarter

24.04.2008 Financial News transmitted by DGAP

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
Internet: www.atoss.com
ISIN: DE0005104400, DE0005104400
WKN: 510440, 510440
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf

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