Q3 2013 sets new records

The company’s highly gratifying development at an operating level, especially in its core software segment, offers proof of the stability of the ATOSS Software AG business model. Sales of software in the first three quarters of 2013 climbed 9 percent above the same period last year to reach EUR 16.2 million (previous year: EUR 14.9 million). This equates to 61 percent of the Group’s overall turnover. The software licensing business in particular developed strongly, putting on 10 percent to stand at EUR 5.6 million (previous year: EUR 5.1 million). Maintenance, too, at EUR 10.7 million (previous year: EUR 9.8 million) was up by 9 percent over the same period last year, continuing a trend that has been evident for some years.

The order situation has also developed along positive lines. With orders worth EUR 5.1 million (previous year: EUR 4.8 million) received and an order book on hand valued at EUR 3.3 million (previous year: EUR 3.0 million) as of 30 September 2013, the Management Board can look forward to further strong performance from the Munich-based specialist in workforce management.

Profitability further improved, cash flow up 59 percent

In the first nine months of 2013 ATOSS Software AG has demonstrated the profitability of its business operations with EBIT up 10 percent at EUR 6.5 million (previous year: EUR 5.9 million). The company can also point to a stable EBIT margin of 24 percent despite substantial future-oriented investments in development and marketing. The positive development in results and accruals and deferrals essentially contingent on the qualifying dates combined with a reduction in receivables to boost cash flow by a hefty 59 percent from EUR 5.3 million last year to over EUR 8.4 million as of 30 September 2013. Following the dividend payment totaling EUR 14.4 million at the end of April, by the third quarter liquidity has already increased once more to EUR 16.2 million, equivalent to EUR 4.07 per share. ATOSS continues to dispose over substantial liquid funds which as of 30 September 2013 were composed of one third in gold and two thirds in sight deposits at banks.

Outlook for financial year 2013 remains positive

The market for workforce management continues to record high rates of growth. The effective management of personnel requirements and deployments is of central importance in preserving competitiveness and increasing economic efficiency. These trends are reflected in the current development in business at ATOSS. Against this background the Management Board expects growth seen in previous years to continue during the current year as a whole, with an EBIT margin securely above 20%.