Atoss Software rises as 'solid' FY results boost shares

ATOSS Software SE

31/01/2024 08:36

** Shares in Atoss Software  AOFG.DE  jump 3.6% after the
German software developer reported FY results for 2023 and hiked
its sales guidance for 2024
    ** The company's FY revenues came in at 151.2 million euros 
($163.51 million), which is up from 113.9 million euros a year
earlier, as its operating earnings up by 68% to 51.8 million
euros for the period
    ** "Very solid reporting should help shares to continue
record run," a local trader says, adding Atoss Software's FY
figures handily beat companies and markets sales and earnings
consensus
    ** The German firm now expects its revenues to reach 170
million euros in 2024, compared to 160 million euros previously
targeted
    ** The stock tops Germany's small-cap index .SDAXI 


($1 = 0.9247 euros)

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))