DGAP-News: ATOSS Software AG: Strong growth and an increase

DGAP-News: ATOSS Software AG / Key word(s): Quarter Results ATOSS Software AG: Strong growth and an increase in orders in the first quarter 17.04.2014 / 08:00 --------------------------------------------------------------------- ATOSS Software AG: Strong growth and an increase in orders in the first quarter ATOSS Software AG is setting a highly dynamic pace in financial year 2014. With sales up 11 percent overall at EUR 9.7 million and outstanding 21 percent growth in software licenses recorded at EUR 2.1 million, the Munich-based specialist in workforce management remains on course for further record performance. Despite the sustained high level of investment in research & development, operating profits (EBIT) also climbed 22 percent to stand at EUR 2.5 million. With this excellent start to the new financial year, supported by a very strong intake of orders for software licenses valued at EUR 2.8 million (previous year EUR 1.3 million), the Management Board expects continuing growth in 2014 for the ninth year in succession. Munich, April 17, 2014 The high rates of growth in sales, earnings and orders for software licenses collectively underscore the sustained pace of development at ATOSS Software AG in a market environment that remains positive. The trend in the software sector as a whole clearly illustrates the particular demand for workforce management solutions: Industry association BITKOM expects to see full-year growth of around 5 percent in the software industry in 2014. The engine powering the business model is accelerating markedly With turnover up 11 percent at EUR 9.7 million and software sales up 12 percent at EUR 5.9 million, the positive development in software licensing is particularly noticeable. This engine that powers future turnover within the ATOSS business model is rapidly accelerating, climbing 21 percent in the first quarter to EUR 2.1 million, while orders for software licenses more than doubled from EUR 1.3 million to EUR 2.8 million. ATOSS achieved particular success in the first quarter in acquiring new customers in the retail sector. The Management Board regards this as further confirmation of its strategy of addressing individual sectors with the goal of positioning ATOSS as a full-range provider of workforce management solutions. Meanwhile, the development in software maintenance remained positive with sales up 8 percent at EUR 3.8 million, while consulting sales climbed 16 percent to EUR 2.5 million. Record results demonstrate profitability ATOSS is a top performer, and not just in sales: Operating profits rose by a substantial 22 percent to EUR 2.5 million, adding two percentage points to the margin on sales which came in at 26 percent. With positive financial earnings of EUR 0.3 million, earnings before taxes (EBT) leapt 18 percent to EUR 2.8 million. Net earnings in the first quarter were 12 percent higher at EUR 2.0 million, with earnings per share coming in at EUR 0.50, compared with EUR 0.44 in the year before. The highly positive development in business helped to boost cash flow from operations by 60 percent to EUR 4.0 million, while liquidity climbed from EUR 15.3 million on December 31, 2013 to EUR 19.5 million. The equity ratio on March 31 stood at 50 percent, compared with 51 percent at the end of 2013, proving that ATOSS remains rock-solid. Outlook positive, workforce management continues to offer substantial growth potential Corporate demand for workforce management solutions remains buoyant as the high level of incoming orders lifted the volume of orders on hand for software licenses in the first quarter to EUR 4.1 million, compared with EUR 3.3 million in the year before. Both the industry environment and the high level of customer demand offer outstanding prospects for growth. The Management Board therefore continues to expect the highly positive development in business to be sustained in the current financial year. CONSOLIDATED OVERVIEW AS PER IFRS: 3-MONTH COMPARISON IN 000 EUR <pre> 01.01.2- Proportion of 01.01.2- Proportion of Change 014 013 Total sales 2014 / - revenues - Total sales 2013 31.03.2- 31.03.2- revenues 014 013* Sales 9,653 100% 8,691 100% 11% Software 5,910 61% 5,275 61% 12% Software 2,142 22% 1,769 20% 21% licenses Software 3,768 39% 3,506 41% 8% maintenance Consulting 2,495 26% 2,158 25% 16% Hardware 1,050 11% 893 10% 18% Miscellaneous 198 2% 365 4% -46% EBITDA 2,662 28% 2,218 26% 20% EBIT 2,527 26% 2,070 24% 22% EBT 2,844 30% 2,404 28% 18% Net earnings 1,968 20% 1,751 20% 12% Cash flow 3,979 41% 2,493 29% 60% Liquidity (1/2) 19,493 24,370 -20% EPS (in euro) 0.50 0.44 14% Employees (3) 293 279 5% </pre> CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN 000 EUR <pre> Q1/14 Q4/13* Q3/13* Q2/13* Q1/13* Sales 9,653 9,025 8,949 8,840 8,691 Software 5,910 5,617 5,369 5,585 5,275 Software licenses 2,142 1,965 1,779 2,025 1,769 Software maintenance 3,768 3,652 3,590 3,560 3,506 Consulting 2,495 2,375 2,165 2,264 2,158 Hardware 1,050 768 1,126 569 893 Miscellaneous 198 264 289 422 365 EBITDA 2,662 2,094 2,373 2,322 2,218 EBIT 2,527 1,946 2,230 2,186 2,070 EBIT margin in % 26% 22% 25% 25% 24% EBT 2,844 1,385 2,493 -1,962 2,404 Net earnings 1,968 835 1,724 -1,290 1,751 Cash flow 3,979 -186 5,658 297 2,493 Liquidity (1/2) 19,493 15,249 16,177 10,418 24,370 EPS (in EUR] 0.50 0.21 0.43 -0.32 0.44 Employees (3) 293 289 280 280 279 </pre> (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 3.62 per share on 29.04.2013 (TEUR 14,395); (3): at the end of the quarter/half year * adjusted for the effects of IAS 19 R Upcoming dates: 30.04.2014 Annual General Meeting, Munich 02.05.2014 Dividend distribution (proposed at EUR 0.72 per share) 13.05.2014 Publication of the three months' statements 22.07.2014 Press release announcing six months' statements 12.08.2014 Publication of the six months' statements 21.10.2014 Press release announcing nine months' statements 14.11.2014 Publication of the nine months' statements 24.-26.11.2014 German Equity Forum, Frankfurt 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 31 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 investor.relations@atoss.com End of Corporate News --------------------------------------------------------------------- 17.04.2014 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 --------------------------------------------------------------------- 263580 17.04.2014