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ATOSS Software AG — Earnings Release 2015
Jul 22, 2015
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Earnings Release
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Corporate | 22 July 2015 08:00
ATOSS Software AG: Success story continues with new records in sales and earnings in the first half of 2015 as growth accelerates
ATOSS Software AG / Key word(s): Half Year Results/Quarter Results
2015-07-22 / 08:00
ATOSS Software AG: Success story continues with new records in sales and earnings in the first half of 2015 as growth accelerates
In the first half of 2015 ATOSS Software AG succeeded in increasing sales by a clear 15 percent to EUR 21.7 million. And despite significant future-oriented investments, the specialist in workforce management continued to expand its earnings and set new records. Operating profits (EBIT) rose by an outstanding 19 percent to EUR 5.6 million while the margin on sales climbed to 26 percent, up from 25 percent last year. Once again the company has been successful in continuing its dynamic growth and extending its profitability. With orders on hand for software licenses valued at EUR 5.4 million, the outlook for the company’s continuing development in 2015 is extremely promising. In view of the development to date, the Management Board is confident that ATOSS remains on course for continuing growth in the remainder of financial year 2015 and is likely to conclude a tenth record year in succession.
Munich, July 22, 2015
The results posted by ATOSS Software AG for the first half of 2015 not only represent a seamless continuation of the last nine record years: They also reflect accelerating growth. The ATOSS business model remains both extremely successful and highly robust. The double-digit growth in sales offers clear evidence of the competitive strength of ATOSS, as well as illustrating the steadily increasing importance of workforce management as a corporate instrument.
The company’s core software business accounted for EUR 13.0 million in sales (previous year: EUR 11.7 million), equating to 60 percent of the overall revenue total of EUR 21.7 million. Consulting, accounting for a share of 27 percent of total revenues, came in 18 percent higher than the year before thanks to the excellent order situation and an expansion in capacities. ATOSS also recorded hardware sales of EUR 2.2 million (previous year: EUR 1.7 million), as well as miscellaneous turnover of EUR 0.7 million (previous year: EUR 0.5 million).
Despite the increase in investments – particularly in research & development – relative to the year before as well as higher personnel costs coupled with the development in sales and customer service resources, operating profits increased strongly from EUR 4.7 last year to EUR 5.6 million. With positive financial earnings of EUR 0.3 million, earnings before taxes (EBT) climbed 15 percent to EUR 5.9 million while net income rose by 14 Percent to EUR 4.0 million. Earnings per share in the first half of 2015 amounted to EUR 1.00, up from EUR 0.88 in the year before. The return on sales based on EBIT came in slightly above the Management Board’s expectations at 26 percent.
This gratifying development in business also brought an increase in operating cash flow which climbed 70 percent to EUR 4.6 million (previous year: EUR 2.7 million). Consequently even after paying a dividend of EUR 0.88 per share (EUR 3.5 million) on April 29, 2015, by the end of June 2015 ATOSS still reported liquidity at group level of EUR 21.8 million (previous year: EUR 15.3 million). ATOSS continues to enjoy an excellent cash position and strong equity which together will safeguard the company’s outstanding future prospects.
The Management Board therefore continues to expect the highly positive development in business to be sustained in the remainder of financial year 2015 and anticipates another record year. Orders on hand for software licenses in particular in the amount of EUR 5.4 million (previous year: EUR 4.7 million) provide an excellent starting foundation. The EBIT margin is also expected to remain at around 25 percent despite further planned investments, mainly in sales and marketing to develop new markets, and the continuing high level of research and development expenditure which equates to around one fifth of sales revenues.
CONSOLIDATED OVERVIEW ACCORDING TO IFRS: 6-MONTH COMPARISON KEUR
| 01.01.2015 – 30.06.2015 |
Proportion of Total sales revenues |
01.01.2014 – 30.06.2014 |
Proportion of Total sales revenues |
Change 2015 / 2014 |
|
| Total Sales | 21,663 | 100% | 18,760 | 100% | 15% |
| Software | 12,949 | 60% | 11,681 | 62% | 11% |
| Software licenses | 4,665 | 22% | 4,144 | 22% | 13% |
| Software maintenance | 8,284 | 38% | 7,537 | 40% | 10% |
| Consulting | 5,816 | 27% | 4,945 | 26% | 18% |
| Hardware | 2,154 | 10% | 1,681 | 9% | 28% |
| Others | 744 | 3% | 453 | 3% | 64% |
| EBITDA | 5,850 | 27% | 4,958 | 26% | 18% |
| EBIT | 5,577 | 26% | 4,697 | 25% | 19% |
| EBT | 5,880 | 27% | 5,114 | 27% | 15% |
| Net Profit | 3,974 | 18% | 3,482 | 19% | 14% |
| Cash flow | 4,596 | 21% | 2,699 | 14% | 70% |
| Liquidity (1/2) | 21,820 | 15,325 | 42% | ||
| EPS (in EUR) | 1.00 | 0.88 | 14% | ||
| Employees (3) | 318 | 295 | 8% |
CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR
| Q2/15 | Q1/15 | Q4/14 | Q3/14 | Q2/14 | |
| Total Sales | 10,956 | 10,707 | 10,938 | 9,985 | 9,107 |
| Software | 6,624 | 6,325 | 6,387 | 5,810 | 5,771 |
| Software licenses | 2,436 | 2,229 | 2,443 | 1,930 | 2,002 |
| Software maintenance | 4,188 | 4,096 | 3,944 | 3,880 | 3,769 |
| Consulting | 3,022 | 2,794 | 2,707 | 2,452 | 2,450 |
| Hardware | 838 | 1,316 | 1,401 | 1,384 | 631 |
| Others | 472 | 272 | 443 | 339 | 255 |
| EBITDA | 2,952 | 2,898 | 2,758 | 2,589 | 2,296 |
| EBIT | 2,809 | 2,768 | 2,628 | 2,462 | 2,170 |
| EBIT margin in % | 26% | 26% | 24% | 25% | 24% |
| EBT | 2,545 | 3,335 | 2,770 | 2,411 | 2,270 |
| Net Profit | 1,717 | 2,257 | 1,911 | 1,639 | 1,514 |
| Cash flow | -550 | 5,146 | -573 | 5,945 | -1,279 |
| Liquidity (1/2) | 21,820 | 26,218 | 20,583 | 21,118 | 15,325 |
| EPS (in EUR) | 0.43 | 0.57 | 0.48 | 0.41 | 0.38 |
| Employees (3) | 318 | 313 | 305 | 300 | 295 |
(1) Cash and cash equivalents, other current and non-current financial assets (sight deposits, gold) as of the qualifying date, adjusted to exclude borrowings (loans); (2): Dividend of EUR 0.88 per share on 29.04.2015 (TEUR 3,499) and dividend of EUR 0.72 per share on 02.05.2014 (TEUR 2,863); (3): at the end of the quarter/half year
Upcoming dates:
August 14, 2015 Publication of the 6-monthly financial statements
October 22, 2015 Press release announcing the 9-monthly financial statements
Nov. 13, 2015 Publication of the 9-monthly financial statements
Nov. 23-25, 2015 ATOSS at the German Equity Forum
ATOSS Software AG is a provider of consulting, software and professional services in the field of demand-oriented personnel planning, and ranks as a forward-thinking pioneer in the workforce management sector. The company offers solutions for enterprises of all sizes, whatever their requirement scenarios. ATOSS solutions are renowned for maximum functionality and modern JAVA technology, offering users the benefits of total platform independence. Established in 1987 and meanwhile listed on the stock market, the company generated sales of around EUR 36 million in financial year 2013. Currently the deployments of around 2.8 million workers employed by more than 4,500 customers are managed with ATOSS solutions. The company’s software products are in use in 40 countries and eight languages. Customers include enterprises such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Edeka, Klinikum Ingolstadt, Klinikum Rosenheim, Lufthansa, MEYER WERFT, Schmitz Cargobull, Sixt, Stadt Regensburg and W.L. Gore & Associates. Further information: 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
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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: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| End of News | DGAP News-Service |
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| 379379 2015-07-22 |