ATOSS Software AG

Dynamic growth sustained - marked increase in first half sales - Seite 2

Despite the substantial increase in expenditure relative to last year, particularly for research and development, as well as higher personnel costs resulting from an increase in capacities in Sales and Customer Services in particular, the return on sales at 25 percent based on EBIT was in line with the Management Board forecast for financial year 2017.

Even after the dividend payment on May 4, 2017 amounting to EUR 1.16 per share (total EUR 4.6 million), at the end of the first half-year ATOSS underscored the excellent quality of its balance sheet by reporting respectable liquidity of EUR 23.7 million (previous year: EUR 18.1 million).

The strong and sustained customer interest in ATOSS solutions - as demonstrated by the orders booked in the past half-year for software licenses and the software component of contracted Cloud solutions valued at EUR 6.4 million (previous year: EUR 6.4 million) - is evidence of the company's outstanding future prospects. The Management Board regards the latest record figures as an incentive and expects this positive development to be sustained in the current second half and also in financial year 2017 as a whole, as the company continues on the path to further growth.

CONSOLIDATED OVERVIEW AS PER IFRS: HALF-YEARLY COMPARISON IN KEUR

	01.01.2017 - 30.06.2017	Proportion of Total sales	01.01.2016 - 30.06.2016	Proportion of Total sales	Change 2017 / 2016
Total sales	26,512	100%	23,929	100%	11%
Software	15,755	59%	14,126	59%	12%
Software licenses	6,050	23%	5,214	22%	16%
Software maintenance	9,705	37%	8,912	37%	9%
Consulting	7,104	27%	6,656	28%	7%
Hardware	1,938	7%	2,208	9%	-12%
Others	1,715	6%	939	4%	83%
EBITDA	7,009	26%	6,595	28%	6%
EBIT	6,643	25%	6,247	26%	6%
EBT	6,580	25%	6,489	27%	1%
Net profit	4,376	17%	4,454	19%	-2%
Cash flow	4,042	15%	4,862	20%	-17%
Liquidity (1/2)	23,735		18,065		31%
EPS in euro	1.10		1.12		-2%
Employees (3)	388		348		11%

CONSOLIDATED OVERVIEW AS PER IFRS: QUARTERLY COMPARISON IN KEUR