Brief: Atoss Software H1 Consolidated Revenues Up At EUR 73.2 Mln

ATOSS Software SE

24/07/2023 06:33

July 24 (Reuters) - ATOSS SOFTWARE AG  AOFG.DE :
    * STRONG BUSINESS PERFORMANCE WITH VIBRANT GROWTH DYNAMICS
IN THE
CLOUD AND PROFITABLE EARNINGS GROWTH
    * H1 CONSOLIDATED REVENUES INCREASED BY A VERY APPRECIABLE
37
PERCENT YEAR-ON-YEAR TO EUR 73.2 MILLION (PREVIOUS YEAR: EUR
53.6 MILLION)
    * H1 CLOUD ORDER BACKLOG OF EUR 56.3 MILLION (DECEMBER 31,
2022:
EUR 43.3 MILLION) AND IN AN ON-PREMISES ORDER BACKLOG OF EUR 5.9
MILLION (DECEMBER 31, 2022: EUR 7.3 MILLION)
    * H1 RETURN ON REVENUES RELATIVE TO OPERATING EARNINGS
(EBIT)
STANDS AT 33 PERCENT (PREVIOUS YEAR: 26 PERCENT)
    * OUTLOOK 2023: RAISING ITS PREVIOUS GUIDANCE
    * OUTLOOK 2023: TOTAL REVENUES OF AT LEAST EUR 142 MILLION
FOR
CURRENT YEAR (PREVIOUSLY: EUR 135 MILLION)
    * OUTLOOK 2023: EBIT MARGIN FOR YEAR OF AROUND 30 PERCENT
(PREVIOUSLY: 27 PERCENT IN ANY CASE)
    * MEDIUM TERM FORECAST UP TO 2025 REMAINS UNCHANGED
    * ANTICIPATES REVENUES OF EUR 160 MILLION IN 2024 AND EUR
190
MILLION IN 2025. IN 2025, MARGIN IS EXPECTED TO EXCEED 30
PERCENT

Source text for Eikon:  ID:nEQ77DN09a 
Further company coverage:  AOFG.DE 

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