DGAP-News: ATOSS Software AG: Financial year 2013: ATOSS

DGAP-News: ATOSS Software AG / Key word(s): Final Results/Dividend ATOSS Software AG: Financial year 2013: ATOSS Software AG reports record sales and earnings for the eighth successive year, outlook remains positive 31.01.2014 / 08:00 --------------------------------------------------------------------- Financial year 2013: ATOSS Software AG reports record sales and earnings for the eighth successive year, outlook remains positive. Munich, 31.01.2014 - Provisional figures show that ATOSS Software AG increased sales by 8 percent to EUR 35.5 million (previous year: EUR 33.0 million) in financial year 2013. The core software business, also up 8 percent, contributed EUR 21.8 million (previous year: EUR 20.1 million). With double-digit growth in operating profits, EBIT was 11% higher at EUR 8.4 million (previous year: EUR 7.6 million), while the EBIT margin was one percentage point higher than last year at 24 percent. The Munich-based specialist in workforce management recorded growth in all product areas, markets and sectors, continuing its record progress for an eighth consecutive year. The Management Board takes a confident view of the current year 2014 and expects further record figures. Once again the core software business made a major contribution to the company's consistent positive development in sales, accounting for a proportion of turnover that was one percentage point higher at 62 percent. Sales of software licenses, the driving force behind future sales revenues, were 8 percent higher at EUR 7.5 million (previous year: EUR 7.0 million), while software maintenance revenues climbed 9 percent to EUR 14.3 million (previous year: 13.2 million). In its consulting business, ATOSS saw sales rise by 3 percent to EUR 9.0 million (previous year: EUR 8.7 million), while hardware contributed EUR 3.4 million (previous year: EUR 2.7 million), representing 9 percent of overall revenues. Very strong fourth quarter with sales of EUR 9.0 million The fourth quarter of 2013 was particularly successful, yielding the highest quarterly sales in the company's history at EUR 9.0 million (previous year: EUR 8.5 million). The order situation also remains positive. Orders received for software licenses at EUR 2.1 million were somewhat below the previous year's record of EUR 2.7 million, but still came in at a very high level. The same applies to orders on hand which stood at EUR 3.5 million as of December 31, 2013 (previous year: EUR 3.8 million). 2013 brings double-digit growth in operating profits, 24 percent margin underscores profitability In the past financial year, ATOSS once again demonstrated its considerable profitability. Spending on research & development as well as sales and marketing was further increased as planned. Nevertheless the operating profit (EBIT) in the reporting period rose by 11 percent to EUR 8.4 million (previous year: EUR 7.6 million). Meanwhile, the EBIT margin reached 24 percent, higher even than the excellent level of the previous year. On the other hand, due to one-off effects resulting from the movement in the gold price, a negative development in financial earnings ensued. As a result, net income came in at EUR 3.0 million (previous year: EUR 5.8 million), with earnings per share of EUR 0.76 (previous year: EUR 1.45). The Management Board intends to propose that in drafting its resolution on the appropriation of net income, the Supervisory Board recommends a dividend of EUR 0.72 per share. This represents a continuation of the distribution policy adopted by ATOSS more than a decade ago. At the end of April 2013, ATOSS paid a dividend of EUR 0.72 along with a special distribution of EUR 2.90 per share. The recommenda-tions for the appropriation of net income put forward by the Management and Supervisory Boards will be resolved upon at the annual general meeting on April 30, 2014. A strong increase in cash flow from operations was recorded, which amounted to EUR 8.3 million as of December 31, 2013 (previous year: EUR 3.4 million). By contrast, liquidity slipped from EUR 25.4 million in the previous year to EUR 15.3 million as a result of the substantial EUR 14.4 million distribution to shareholders. Nevertheless with funds amounting to EUR 15.3 million, or EUR 3.83 (previous year: EUR 6.40) per share, ATOSS still has considerable liquidity at its disposal, one third of which on the closing date was invested in gold, with two thirds in sight deposits at banks. Positive outlook for financial year 2014 The demand for workforce management solutions remains undiminished in almost all sectors, and in the view of the Management Board, the market as a whole continues to offer considerable potential. In an environment in which business models are changing rapidly and businesses themselves face increasing requirements, demand is growing as companies seek to improve productivity, enhance flexibility and reduce operating costs. Analysts therefore predict average annual growth rates in excess of 11 percent in the global market for workforce management through to 2015. With solutions that are currently being used by some 4,500 customers with around 2.8 million employees in 31 countries, ATOSS is excellent positioned to exploit this strong potential. The growth prospects and proven robust business model that underpins ATOSS Software AG offer further support for the company's future outlook. The Management Board therefore anticipates that the company's record development will continue in the current financial year, with an EBIT margin remaining securely above 20 percent. Upcoming dates: 12.03.2014 Publication of the annual report for 2013 12.03.2014 Balance sheet press conference 17.04.2014 Press release announcing the 3-monthly statements 30.04.2014 Annual General Meeting 13.05.2014 Publication of the 3-monthly financial statements 22.07.2014 Press release announcing the 6-monthly statements 12.08.2014 Publication of the 6-monthly financial statements 21.10.2014 Press release announcing the 9-monthly statements 14.11.2014 Publication of the 9-monthly financial statements 24.-26.11.2014 German Equity Capital Forum, Frankfurt CONSOLIDATED OVERVIEW AS PER IFRS: YEAR ON YEAR COMPARISON TO 31 DECEMBER IN 000 EUR (provisional figures for 2013) <pre> 01.01.2- Proportion of 01.01.2- Proportion of Change 013 012 2013 / - Total sales - Total sales 2012 31.12.2- revenues 31.12.2- revenues 013 012 Sales revenues 35,505 100% 33,005 100% 8% Software 21,847 62% 20,143 61% 8% Software 7,539 21% 6,987 21% 8% licenses Software 14,308 40% 13,156 40% 9% maintenance Consulting 8,962 25% 8,716 26% 3% Hardware 3,356 9% 2,663 8% 26% Miscellaneous 1,339 4% 1,483 4% -10% EBITDA 9,007 25% 8,191 25% 10% EBIT 8,432 24% 7,620 23% 11% EBT 4,320 12% 8,528 26% -49% Net earnings 3.020 9% 5,760 17% -50% Cash flow 8,262 23,3% 3,355 10% 146% Liquid funds (1/ 15,249 25,444 -40% 2) EPS (in EUR] 0.76 1.45 -50% Employees (3) 289 276 5% </pre> CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN 000 EUR (provisional figures for Q4 2013) <pre> Q4/13 Q3/13 Q2/13 Q1/13 Q4/12 Sales revenues 9,025 8,949 8,840 8,691 8,490 Software 5,617 5,369 5,585 5,275 5,292 Software licenses 1,965 1,779 2,025 1,769 1,931 Software maintenance 3,652 3,590 3,560 3,506 3,361 Consulting 2,375 2,165 2,264 2,158 2,182 Hardware 768 1,126 569 893 600 Miscellaneous 264 289 422 365 416 EBITDA 2,094 2,373 2,322 2,218 1,851 EBIT 1,946 2,230 2,186 2,070 1,702 EBIT margin in % 22% 25% 25% 24% 20% EBT 1,404 2,487 -1,968 2,397 1,772 Net earnings 886 1,707 -1,307 1,733 1,197 Cash flow -186 5,658 297 2,493 -1,945 Liquid funds (1/2) 15,249 16,177 10,418 24,370 25,444 EPS (in EUR] 0.22 0.43 -0.33 0.44 0.30 Employees (3) 289 280 280 279 276 </pre> 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 3.62 per share on 29.04.2013 (TEUR 14,395); (3): at the end of the quarter/half year 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 investor.relations@atoss.com End of Corporate News --------------------------------------------------------------------- 31.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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: investor.relations@atoss.com 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 --------------------------------------------------------------------- 250376 31.01.2014