Brief: Atoss Software Q1 Operating Earnings Up 11% To EUR 5.1 Million

ATOSS Software SE

27/04/2020 07:05

April 27 (Reuters) - Atoss Software AG  AOFG.DE :
    * Q1  ANNUAL RECURRING REVENUE, USED AS A CONTROL METRIC FOR
CLOUD
BUSINESS, RISING 78 PERCENT TO EUR 9.8 MILLION
    * Q1 OPERATING EARNINGS IMPROVED 11 PERCENT TO EUR 5.1
MILLION
COMPARED WITH EUR 4.6 MILLION IN PREVIOUS YEAR
    * IS ANTICIPATING A MODEST DIP IN ORDERS IN Q2 DUE TO
ECONOMIC
EFFECTS OF CORONA CRISIS, WITH ORDERS PICKING UP AGAIN IN Q3 AND
LARGELY RETURNING TO NORMAL IN Q4
    * NOW EXPECTING AN EBIT MARGIN FOR ENTIRE YEAR OF AROUND 25
PERCENT
    * CONTINUES TO EXPECT TOTAL SALES FOR 2020 TO BE RECORDED AT
AROUND EUR 80 MILLION (PREVIOUS YEAR: EUR 71.4 MILLION)
    * ANTICIPATING A MODEST DIP IN ORDERS IN Q2 DUE TO ECONOMIC
EFFECTS OF CORONA CRISIS
    * SEES ORDERS PICKING UP AGAIN IN Q3 AND LARGELY RETURNING
TO
NORMAL IN Q4
    * NOW EXPECTING AN EBIT MARGIN FOR ENTIRE YEAR OF AROUND 25
PERCENT.

Source text for Eikon:  ID:nEQ733c0a 
Further company coverage:  AOFG.DE 

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