ATOSS Software : Dynamic growth sustained – marked increase in first half sales

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.

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.

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