ATOSS Software AG: Growth continues with the best half-year in the company’s history

For the ninth year in succession ATOSS Software AG has recorded a highly gratifying development in sales and earnings. The company once again has new record figures to report, not least the volume of orders received for software licenses which amounted to EUR 5.4 million, some 52 percent higher than the figure of EUR 3.6 million for the first half of last year. Orders on hand for software licenses as of June 30, 2014 accordingly increased from EUR 3.6 million to EUR 4.7 million, constituting an excellent basis for the remainder of financial year 2014.

ATOSS is recording continuous growth spanning products, markets and sectors and is steadily broadening its customer base with sustained effect with the acquisition of prominent new customers. The company's verticalization strategy, consistently developed over a period of years, is proving particularly successful.

While overall sales revenues rose from EUR 17.5 million to EUR 18.8 million, sales of software licenses – the driving force behind the company’s business model – climbed 9 percent in the first half of 2014 to stand at EUR 4.1 million. There was a similarly consistent positive trend in software maintenance, too, with sales up 7 percent at EUR 7.5 million. As a result, software sales in total amounted to EUR 11.7 million, representing an unchanged proportion of 62 percent of consolidated revenues. In view of the positive order situation, ATOSS also recorded above-average growth in consulting, with sales rising 12 percent to EUR 4.9 million, representing 26 percent of turnover. Hardware, too, profited from the successful development of the core software business, with sales coming in at EUR 1.7 million (previous year EUR 1.5 million).

All of the figures quantifying the company’s earnings developed even more strongly than the sales figures. Operating profits (EBIT) for the first half of 2014 were 10 percent higher at EUR 4.7 million. And whereas earnings per share last year were substantially influenced by exceptional factors among the financial results and amounted to EUR 0.12 per share, this year has seen a marked improvement, with ATOSS reporting EPS of EUR 0.88 as of June 30, 2014. Net income rose correspondingly from EUR 0.5 million to EUR 3.5 million. Despite paying a dividend totaling EUR 2.9 million (EUR 0.72 per share) at the beginning of May, thanks to the excellent development in business ATOSS was able to report liquidity up 47 percent at EUR 15.3 million.

The continuing strong customer interest in ATOSS solutions – impressively demonstrated by the orders received in the past half-year – underscores the company’s outstanding future prospects. The Management Board regards the latest record figures as an incentive for the future and expects the highly positive development to be sustained in the current second half and therefore also in financial year 2014 as a whole, as the company continues on the path to further growth.