Brief: Atoss Software Raises Guidance For 2023

ATOSS Software SE

23/10/2023 06:05

Oct 23 (Reuters) - ATOSS SOFTWARE AG  AOFG.DE :
    * MUNICH’S WORKFORCE SPECIALIST CONTINUES TO SHOW STRONG
GROWTH
AND HIGH PROFITABILITY IN THE THIRD QUARTER – GUIDANCE FOR 2023
RAISED
    * AGAINST BACKGROUND OF CONSISTENTLY STRONG BUSINESS GROWTH,
MANAGEMENT BOARD IS EXPECTING TO AGAIN CLOSE 2023 FINANCIAL YEAR
WITH RECORD RESULTS EXCEEDING ITS FORECAST FOR REVENUES AND
EARNINGS ALREADY LIFTED AFTER FIRST HALF OF YEAR.
    * MANAGEMENT BOARD IS NOW ASSUMING TOTAL REVENUES OF AT
LEAST EUR
145 MILLION FOR 2023 FISCAL YEAR.
    * MANAGEMENT BOARD CURRENTLY EXPECTS TO EXCEED ITS FORECAST
FOR
WHOLE OF 2023, INCREASED AT SIX-MONTH MARK, WITH TOTAL REVENUES
OF AT LEAST EUR 142 MILLION AND AN EBIT MARGIN OF AROUND 30
PERCENT
    * Q3 CONSOLIDATED REVENUES INCREASED BY A VERY APPRECIABLE
35
PERCENT IN FIRST THREE QUARTERS, CLIMBING TO EUR 110.3 MILLION
(PREVIOUS YEAR: EUR 81.9 MILLION)
    * Q3 OPERATING EARNINGS ROSE BY A OVERPROPORTIONATE 70
PERCENT TO
EUR 36.7 MILLION (PREVIOUS YEAR: EUR 21.6 MILLION)
    * Q3 EBIT MARGIN OF 33 PERCENT (PREVIOUS YEAR: 26 PERCENT)

Source text for Eikon:  ID:nEQ6GPLWFa 
Further company coverage:  AOFG.DE 

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