Brief: Atoss Software 9M Revenue Rose 18% At EUR 81.9 Mln

ATOSS Software SE

24/10/2022 07:04

Oct 24 (Reuters) - ATOSS SOFTWARE AG  AOFG.DE :
    * CLOUD BUSINESS STILL TAKING THE GROUP’S EXCELLENT SALES
AND
EARNINGS GROWTH TO THE NEXT LEVEL IN THE THIRD QUARTER – OUTLOOK
RE-CONFIRMED
    * NINE MONTHS REVENUE ROSE 18 PERCENT TO 81.9 MILLION EUR
    * EQS-NEWS: ATOSS SOFTWARE AG: CLOUD BUSINESS STILL TAKING
THE
GROUP’S EXCELLENT SALES AND EARNINGS GROWTH TO THE NEXT LEVEL IN
THE THIRD QUARTER – OUTLOOK RE-CONFIRMED
    * GROUP REVENUES INCREASED BY 18 PERCENT TO EUR 81.9 MILLION
IN
FIRST THREE QUARTERS (PREVIOUS YEAR: EUR 69.5 MILLION)
    * 9-MONTH OPERATING EARNINGS ROSE TO EUR 21.6 MILLION
(PREVIOUS
YEAR: EUR 18.6 MILLION) WITH AN EBIT MARGIN OF 26 PERCENT
(PREVIOUS YEAR: 27 PERCENT)
    * OPERATING EARNINGS ROSE TO EUR 21.6 MILLION (PREVIOUS
YEAR: EUR
18.6 MILLION) WITH AN EBIT MARGIN OF 26 PERCENT (PREVIOUS YEAR:
27 PERCENT)
    * MANAGEMENT BOARD IS AGAIN REAFFIRMING ITS SALES AND
EARNINGS
FORECAST FOR 2022 FISCAL YEAR AND IS CONVINCED THAT IT WILL
CLOSE YEAR WITH FURTHER RECORD FIGURES
    * MANAGEMENT BOARD IS NOW ASSUMING THAT IT WILL SLIGHTLY
EXCEED
ITS FORECAST FOR WHOLE OF 2022, RAISED AT START OF YEAR, FOR
TOTAL REVENUE OF EUR 110 MILLION AND AN EBIT MARGIN OF OVER 25
PERCENT
    * EBIT MARGIN IS EXPECTED TO RISE TO AT LEAST 30 PERCENT BY
2025
    * GROUP GENERATED NET INCOME OF EUR 13.7 MILLION (PREVIOUS
YEAR:
EUR 12.7 MILLION) IN NINE-MONTH PERIOD AND EARNINGS PER SHARE OF
EUR 1.73 (PREVIOUS YEAR: EUR 1.59)
    * INCREASING FOCUS ON CLOUD AS WELL AS GROUP'S GREATER
GLOBAL
ALIGNMENT WILL ALSO SECURE SUSTAINABLE GROWTH PROSPECTS FOR
COMPANY OVER LONG TERM. AS PART OF THIS PROCESS, EBIT MARGIN IS
EXPECTED TO RISE TO AT LEAST 30 PERCENT BY 2025

Source text for Eikon:  ID:nEQ9QKjk3a 
Further company coverage:  AOFG.DE 
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