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ATOSS Software AG — Earnings Release 2012
Oct 22, 2012
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Earnings Release
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Corporate | 22 October 2012 08:29
ATOSS Software AG: New record sales and earnings, success continues in the company’s 25th anniversary year
ATOSS Software AG / Key word(s): Quarter Results
22.10.2012 / 08:29
Munich, October 22, 2012 – ATOSS Software AG continues to report record sales and earnings for a seventh year in succession. Between January and September 2012 the Munich-based company recorded a 5 percent increase in sales which climbed to EUR 24.5 million (previous year EUR 23.3 million). The operating profit (EBIT) in the same period was up 7 percent at EUR 5.9 million (previous year EUR 5.5 million). The development in software licenses was particularly welcome, with orders booked in the third quarter rising to EUR 2.0 million, well up on the previous year's figure of EUR 1.5 million.
Strong growth in core business
The software business in particular made a major contribution to the increase in sales booked by ATOSS. In the first nine months of 2012 the specialist in workforce management generated software sales amounting to EUR 14.9 million, up 7 percent on the year before (EUR 13.9 million). As a result, this core business as a proportion of overall sales reached a new record of 61 percent (previous year 60 percent). Software licenses accounted for EUR 5.1 million (previous year EUR 4.9 million), with software maintenance contributing EUR 9.8 million (EUR 9.0 million). Consulting sales amounted to EUR 6.5 million, up 5 percent on the year before (EUR 6.2 million).
ATOSS again displays its profitability
Once again ATOSS has proven its considerable profitability. EBIT climbed 7 percent to EUR 5.9 million (previous year EUR 5.5 million). Earnings before taxes (EBT), net profit and earnings per share for the period each rose by 2 percent in the reporting period. EBT came in at EUR 6.8 million (previous year EUR 6.6 million), net profit at EUR 4.6 million (previous year EUR 4.5 million) and earnings per share at EUR 1.15 (previous year EUR 1.13).
With operating cash flow once again strongly positive at EUR 5.3 million (previous year EUR 7.0 million), the company reported a marked increase in liquidity even after paying a dividend. As of September 30, 2012 liquidity stood at EUR 28.7 million, equivalent to EUR 7.21 per share (previous year: EUR 26.3 million and EUR 6.63).
New customers in retail, medical and other verticals
The retail sector remains an area for growth in which ATOSS Software AG has succeeded in recruiting more prominent customers. Among these were denn's, the Number 1 among organic food markets in Germany, Rudolf Wöhrl AG and Starbucks Coffee which has also opted for the ATOSS Retail Solution that is specifically tailored for the retail sector. These and other new customers acquired in a large number of other verticals (medical, manufacturing, hospitality, etc.) underscore the growth prospects for ATOSS Software AG.
This trend extending across all of the sectors and subjects targeted by ATOSS resulted in an order intake amounting to EUR 4.8 million as of September 30, once again matching the previous year's high level. Orders received for software licenses showed a strong increase in momentum, reaching EUR 2.0 million in the third quarter, following on from EUR 1.7 million in Q1 and EUR 1.1 million in Q2. As a result, orders on hand for software licenses rose slightly to EUR 3.0 million (previous year EUR 2.9 million).
Full-year outlook for 2012
Having delivered its nine-months figures, ATOSS is able to report a continuing positive trend in sales and earnings. Against this background, and in view of the orders received and on hand, the Management Board expects to see moderate full-year growth, with a margin on sales securely above 20 percent of operating income (EBIT).
Upcoming dates:
13. and 14.11.2012 Equity forum, Frankfurt am Main
15.11.2012 Publication of the report for Q3 2012
Further information: 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 – 0
Fax: +49 (0) 89 4 27 71 – 100
CONSOLIDATED OVERVIEW AS PER IFRS: 9-MONTH COMPARISON IN TEUR
| 01.01.2012 – 30.09.2012 |
Proportion of Total sales revenues |
01.01.2011 – 30.09.2011 |
Proportion of Total sales revenues |
Change 2012 / 2011 |
|
| Sales | 24,515 | 100% | 23,346 | 100% | 5 % |
| Software | 14,851 | 61% | 13,930 | 60% | 7 % |
| Software licenses | 5,056 | 21% | 4,914 | 21% | 3 % |
| Software maintenance | 9,795 | 40% | 9,016 | 39% | 9 % |
| Consulting | 6,534 | 27% | 6,236 | 27% | 5 % |
| Hardware | 2,063 | 8% | 2,199 | 9% | -6 % |
| Others | 1,067 | 4% | 981 | 4% | 9 % |
| EBITDA | 6,340 | 26% | 5,900 | 25% | 7 % |
| EBIT | 5,918 | 24% | 5,542 | 24% | 7 % |
| EBT | 6,756 | 28% | 6,599 | 28% | 2 % |
| Net profit | 4,563 | 19% | 4,476 | 19% | 2 % |
| Cash flow (4) | 5,300 | 22% | 6,959 | 30% | -24% |
| Liquidity (1/2) | 28,656 | 26,349 | 9 % | ||
| EPS (in euro) | 1.15 | 1.13 | 2 % | ||
| Employees (3) | 273 | 259 | 5 % |
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN TEUR
| Q3/12 | Q2/12 | Q1/12 | Q4/11 | Q3/11 | |
| Sales | 8,242 | 8,437 | 7,836 | 8,229 | 7,584 |
| Software | 4,977 | 5,017 | 4,857 | 4,891 | 4,651 |
| Software licenses | 1,655 | 1,745 | 1,656 | 1,772 | 1,586 |
| Software maintenance | 3,322 | 3,272 | 3,201 | 3,119 | 3,065 |
| Consulting | 2,048 | 2,248 | 2,238 | 2,145 | 1,931 |
| Hardware | 851 | 665 | 547 | 607 | 764 |
| Others | 366 | 507 | 194 | 586 | 239 |
| EBITDA | 2,028 | 2,207 | 2,105 | 1,894 | 1,792 |
| EBIT | 1,881 | 2,070 | 1,967 | 1,766 | 1,665 |
| EBIT margin in % | 23% | 25% | 25% | 21% | 22% |
| EBT | 2,283 | 2,147 | 2,326 | 1,812 | 2,617 |
| Net profit | 1,551 | 1,465 | 1,547 | 1,199 | 1,772 |
| Cash flow (4) | 3,143 | -1,001 | 3,158 | -1,641 | 3,117 |
| Liquidity (1/2) | 28,657 | 24,615 | 28,496 | 24,851 | 26,349 |
| EPS (in euro) | 0.39 | 0.37 | 0.39 | 0.30 | 0.45 |
| Employees (3) | 273 | 266 | 265 | 269 | 259 |
(1): Cash and cash equivalents, current and non-current financial assets (e.g. gold, equities); (2): Dividend of EUR 0.71 per share on 23.04.2012 (TEUR 2,823), previous year EUR 0.60 per share (TEUR 2,386); (3): At the end of the quarter/half; (4) Cash flow in comparison with 2011 adjusted for interest income and expenditure, since from December 31, 2011 this is reported within cash flow from investment activities.
End of Corporate News
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| Language: | English |
| Company: | ATOSS Software AG |
| Am Moosfeld 3 | |
| 81829 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 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 189535 22.10.2012 |