DGAP-News

ATOSS Software AG: Strong growth and an increase in orders in the first quarter

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

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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