Brief: Atoss Software Says FY22 Operating Earnings Up At EUR 31 Mln

ATOSS Software SE

31/01/2023 07:06

Jan 31 (Reuters) - Atoss Software Ag  AOFG.DE :
    * MUNICH WORKFORCE SPECIALIST ONCE AGAIN BEATS ITS TARGETS
FOR
SALES AND EARNINGS IN FINANCIAL YEAR 2022 – PACE OF CLOUD
BUSINESS ACCELERATES FURTHER
    * FY OPERATING PROFIT 30.8 MILLION EUR VERSUS 27.2 MILLION
EUR
YEAR AGO
    * GROUP REVENUES ROSE BY A SUBSTANTIAL 17 PERCENT TO EUR
113.9
MILLION (PREVIOUS YEAR: EUR 97.1 MILLION)
    * MANAGEMENT BOARD EXPECTS GROWTH AND SUCCESS STORY TO
CONTINUE IN
PRESENT FISCAL YEAR OF 2023 AND BEYOND
    * FORECAST FOR 2023 TO 2025 WAS THEREFORE RAISED AT
BEGINNING OF
YEAR.
    * FOR 2024, GROUP IS EXPECTING SALES OF EUR 160 MILLION AND
FOR
2025 EUR 190 MILLION
    * SAYS FY 22 OPERATING EARNINGS INCREASED TO EUR 30.8
MILLION
(PREVIOUS YEAR: EUR 27.2 MILLION) WITH AN EBIT MARGIN OF 27%
(PREVIOUS YEAR: 28%)
    * MARGIN IS EXPECTED TO RISE TO AT LEAST 30 PERCENT BY 2025
    * FORECAST CALLS FOR SALES OF EUR 135 MILLION AND AN EBIT
MARGIN
OF AT LEAST 27 PERCENT FOR 2023 FINANCIAL YEAR
    * IS PROPOSING A DIVIDEND OF EUR 2.83 PER SHARE TO
SUPERVISORY
BOARD (PREVIOUS YEAR: EUR 1.82 PER SHARE)
    * SAYS PARTICULAR GROWTH IN CLOUD BUSINESS IN FY22 WITH
REVENUES
RISING BY 72% TO EUR 34.2 MILLION (PREVIOUS YEAR: EUR 19.9
MILLION)

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