ATOSS Software AG

Dynamic growth sustained - marked increase in first half sales

Business news for the stock market

München (pta006/25.07.2017/08:00) - Provisional figures show that in the first half year ATOSS Software AG increased sales by a clear 11 percent to EUR 26.5 million. Despite substantial investments in the future, the specialist in workforce management also saw a further improvement in operating results and again set new records. Operating profits (EBIT) at EUR 6.6 million were 6 percent higher than in the year before. With orders on hand for software licenses and cloud solutions valued at EUR 5.1 million and EUR 6.9 million respectively, the outlook for the company's continuing development in 2017 remains extremely promising. On this basis the Management Board expects to set new records.

Munich, July 25, 2017

The provisional figures just published again confirm the success and great stability of the ATOSS business model. For more than eleven years, the Munich software specialist has consistently delivered rising sales and operating results. And an end to this growth is not in sight. In the first half of the current financial year, ATOSS has succeeded in convincing a large number of prominent enterprise customers to adopt its innovative software solutions, and continues to expand its leading position in the market for workforce management. In addition the move three years ago to extend the ATOSS portfolio to include Cloud solutions has allowed the company to develop new customer target groups and create the potential for further growth. This is impressively apparent in the change in other sales revenues, the heading under which cloud sales are currently reported. This item has increased by 83 percent relative to last year.

With overall Group turnover totaling EUR 26.5 million (previous year: EUR 23.9 million), sales of software licenses - the driving force behind the company's growth - increased by 16 percent during the reporting period. The consistent positive development in software maintenance over recent years was also sustained, with sales up 9 percent at EUR 9,7 million. As a result, turnover in software amounted to EUR 15.8 million, representing a proportion of 59 percent of consolidated revenues (previous year: 59 percent). In the field of consulting - supported by the excellent order situation for implementation services following the sale of licenses - ATOSS saw turnover increase by 7 percent to EUR 7.1 million. Hardware sales amounted to EUR 1.9 million (previous year: EUR 2.2 million), Other sales at EUR 1.7 million were up by EUR 0.8 million over the year before, due primarily to the development in the cloud business.