Brief: Atoss Software Raises Outlook, Sees FY Revenues Of At Least Eur 142 Mln

ATOSS Software SE

17/07/2023 17:26

July 17 (Reuters) - ATOSS SOFTWARE AG  AOFG.DE :
    * EQS-ADHOC: ATOSS SOFTWARE AG: VIBRANT GROWTH DYNAMICS IN
THE
FIRST HALF OF 2023 – FORECAST LIFTED – LEGAL STRUCTURE TO BE
CONVERTED TO EUROPEAN STOCK CORPORATION (SE)
    * MAINTAINED ITS HIGHLY PROFITABLE GROWTH TRAJECTORY IN Q2,
AND
HAS TODAY RAISED ITS FORECAST FOR CURRENT YEAR
    * GROUP REVENUES INCREASED SIGNIFICANTLY IN FIRST HALF OF
YEAR,
CLIMBING APPROX. 37 PERCENT TO AROUND EUR 73 MILLION (PREVIOUS
YEAR: EUR 53.6 MILLION)
    * EXPECTS TOTAL REVENUES FOR CURRENT YEAR OF AT LEAST EUR
142
MILLION (PREVIOUSLY: EUR 135 MILLION)
    * SEES FY EBIT-MARGIN OF AROUND 30 PERCENT (PREVIOUSLY: AT
LEAST
27 PERCENT)
    * MEDIUM-TERM FORECAST UNTIL 2025 REMAINS UNCHANGED
    * COMPANY EXPECTS REVENUES OF EUR 160 MILLION IN 2024 AND
EUR 190
MILLION IN 2025, WITH A MARGIN OF OVER 30 PER CENT IN 2025
    * SAYS H1 EBIT-MARGIN WILL COME IN AT AROUND 33%, VERSUS
PREVIOUS
FORECAST OF AT LEAST 27%
    * COMPANY'S DUAL MANAGEMENT SYSTEM CONSISTING OF MANAGEMENT
BOARD
AS MANAGING BODY AND SUPERVISORY BOARD AS MONITORING BODY IS TO
BE CONTINUED UNDER NEW LEGAL FORM OF AN SE
    * RESPONSIBILITIES AND COMPOSITION OF MANAGEMENT AND
SUPERVISORY
BOARDS WILL BE UNAFFECTED BY NEW STRUCTURE

Further company coverage:  AOFG.DE 

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