ATOSS Software AG - Earnings Release 2020

News Details

Ad-hoc | 19 January 2021 18:56

ATOSS Software AG: ATOSS Software AG: Sustained vigorous growth dynamics in fourth quarter 2020 and full year 2020 – forecast upped for 2021

ATOSS Software AG / Key word(s): Annual Results/Forecast

ATOSS Software AG: ATOSS Software AG: Sustained vigorous growth dynamics in fourth quarter 2020 and full year 2020 – forecast upped for 2021

19-Jan-2021 / 18:56 CET/CEST

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ATOSS Software AG: Sustained vigorous growth dynamics in fourth quarter 2020 and full year 2020 – forecast upped for 2021

Fourth quarter

– Sales growth recorded at 27 percent

– Software revenues rise by 28 percent

– Cloud revenues up by 61 percent

– EBIT-margin stands at 35 percent

Full year

– Sales growth amounts to 21 percent

– Software revenues rise by 20 percent

– Cloud revenues up by 66 percent

– Share of recurring revenues in software revenues >70%.

– EBIT-margin stands 30 percent

– Outlook for 2021 raised

Munich, January 19, 2021

According to preliminary figures, in the fourth quarter, ATOSS Software AG has recorded an acceleration of its growth momentum in spite of the constraints on public and economic life in many regions in the fourth quarter.

In the fourth quarter of 2020, the Munich-based specialist for workforce management succeeded in continuing and expanding its strong company growth. Consequently, total revenue for the full year 2020 was up significantly by 21 percent to EUR 86 million (prior year: EUR 71.4 million). Software revenues rose by a total of 20 percent year-on-year to EUR 56 million (prior year: EUR 46.5 million). The strongest growth impetus within software revenues resulted from cloud solutions: revenue in the Cloud & Subscriptions segment advanced by 66 percent to EUR 13 million (previous year: EUR 7.8 million).

Against the backdrop of this decidedly gratifying sales performance the company’s profitability improved markedly. The operating profit margin (EBIT margin) improved year-on-year to 30 percent (prior year: 27 percent).

Based on the successful business development, the gratifying order book situation and the continued excellent growth prospects, the company is now raising its previous forecast for the year 2021. The company currently anticipates total sales of over EUR 95 million (previously: EUR 93 million) and an EBIT-margin of at least 27 percent (previously: 25 percent) for 2021. The medium-term outlook for the years up to 2025 with total sales growth of between 12 and 16 percent remains unchanged.

The company will issue further information on its business performance on January 29, 2021, when it presents its full-year results for 2020.

Contact

ATOSS Software AG

Christof Leiber / Board of Management

Rosenheimer Strasse 141 h,

D-81671 Munich

Tel.: +49 (0) 89 4 27 71 – 0

Fax: +49 (0) 89 4 27 71 – 100

[email protected]

19-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	ATOSS Software AG
	Rosenheimer Str. 141 h
	81671 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, Tradegate Exchange
EQS News ID:	1161766