ATOSS Software AG

ATOSS Software AG: Management Board aiming for 12th record year in succession

Business news for the stock market

München (pta008/25.10.2017/08:00) - ATOSS Software AG has new record figures to report and remains on course for further growth, as before. In the first 9 months the specialist in workforce management has increased sales by a clear 10 percent over last year, lifting the total to EUR 40.0 million. Orders booked for software licenses and the software component of contracted Cloud subscriptions were particularly impressive, climbing 20 percent to EUR 10.8 million (previous year: EUR 9.0 million). In view of this development, the Management Board is convinced that ATOSS will end the year posting new record figures.

Munich, October 25, 2017

For the twelfth year in succession, ATOSS Software AG has recorded highly gratifying business developments. Once again in the current year, with its innovative product ideas and state-of-the-art software solutions, the Munich specialist has succeeded in convincing a large number of prominent companies to choose ATOSS as their partner for workforce management. Above all the strategy of offering a comprehensive range of solution suites for businesses of all sizes, as well on-premise as in the Cloud, has proven very successful for ATOSS. This is clearly evident in the change in other revenues, the heading under which cloud business revenues are currently reported, which was 51 percent higher than in the year before.

The positive development in business operations coupled with stable growth underscores the success of the ATOSS Software AG business model. With sales totaling EUR 40.0 million (previous year: EUR 36.5 million), turnover in software licenses, the main driver of growth, rose by 14 percent in the reporting period. The positive development in software maintenance, which has been constant for some years now, was successfully continued, with sales climbing 10 percent to EUR 14.7 million (previous year: EUR 13.4 million). As a result, software sales amounted to EUR 24.0 million in total (previous year: EUR 21.5 million), representing a proportion of 60 percent of total sales. In the field of consulting - supported by the excellent order book for implementation services following the sales of licenses - ATOSS increased sales by 10 percent to EUR 10.8 million (previous year: EUR 9.9 million). Hardware sales came in at EUR 2.7 (previous year: EUR 3.5 million). Other sales revenues at EUR 2.6 million were up by 51 percent over the previous year's figure of EUR 1.7 million, thanks to the successful establishment and development of the cloud business.