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PRESS RELEASE: ATOSS Software AG: Financial year 2013: ATOSS Software AG reports record sales and earnings for the eighth successive year, outlook remains positive

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

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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.

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PRESS RELEASE: ATOSS Software AG: Financial year -2-