Germany's ATOSS Software H1 profit lifted by cloud, subscription  revenue; keeps outlook

ATOSS Software SE

24/07/2026 06:10

    

    Overview
  
Germany workforce management software firm's H1 revenue rose 12% yr/yr to EUR 103.2 mln
Net profit and EPS for H1 increased 13% yr/yr
Cloud & subscriptions revenue grew 26%, now over half of total revenue

    

    Outlook
  
ATOSS Software maintains 2026 revenue forecast at EUR 210 mln to EUR 215 mln
Company expects 2026 EBIT margin of at least 34%
ATOSS forecasts 2027 revenue between EUR 235 mln and EUR 245 mln, EBIT margin at least 35%

    

    Result Drivers
  
CLOUD & SUBSCRIPTIONS - Cloud & subscriptions revenue rose 26% and became the main driver of software revenue growth
RECURRING REVENUE - Recurring revenue increased 17% yr/yr, supported by cloud & subscriptions, despite a decline in maintenance and license revenue
COST MANAGEMENT - Higher operating profitability attributed to rigorous cost management and efficiency gains

    
Company press release: ID:nEQ4WPqZMa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Revenue
 
EUR 103.23 mln
 
H1 EPS
 
EUR 1.54
 
H1 Net Income
 
EUR 24.56 mln
 
H1 EBIT
 
EUR 36.22 mln
 
H1 EBITDA
 
EUR 38.64 mln
 
H1 Pretax Profit
 
EUR 36.59 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for ATOSS Software SE is €130.00, about 87.6% above its July 23 closing price of €69.30
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

    

    Reuters Recommended Reads
  
July 22 - Germany's Intershop Communications  H1 revenue falls on lower license and service sales
July 21 - Germany's Mensch und Maschine H1 sales rise on strength in M+M Software segment
July 23 - SAP trims 2026 profit goal, signalling cost of AI push

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)