At today’s AGM of ATOSS Software AG, which once again this year was held as a virtual meeting with no shareholders or authorized representatives physically present for safety reasons due to the COVID-19 pandemic, the Management Board reported on the company’s uninterrupted positive business developments. In the financial year 2020, for the 15th time in succession and despite the challenges resulting from the coronavirus crisis, the Munich-based specialist in workforce management succeeded in setting new records for sales and earnings. This performance once again demonstrates the high degree of stability and the success of the company’s business model.
At the AGM, shareholders endorsed the management’s proposals, with all resolutions adopted by a large majority. The members of the Supervisory Board were confirmed in office, and the proposed dividend of EUR 1.67 per share (previous year: EUR 1.28*) was approved.
ATOSS Software AG therefore remains true to its dividend policy which provides for continuity and allows shareholders to enjoy a generous share in the company’s success. The cumulative amount paid out to shareholders since the company was floated on the stock market - including some special distributions - adds up to EUR 15.83 per share. In addition to substantial growth in the ATOSS share price – well above the development in comparative indices – the annual dividend payments underscore the attraction of a long-term investment in ATOSS Software AG. Based on the closing price of ATOSS stock on December 30, 2020, this represents a dividend yield of 1.1 percent (previous year: 1.8 percent).
Also after the dividend is paid on May 5, 2021, ATOSS will continue to have substantial liquidity well in excess of EUR 25 million at its disposal, as well as a strong equity base.
In view of the excellent business situation and long-term growth trends in all of the company’s markets, the Management Board reconfirms its full-year forecast for 2021 which was previously raised at the start of the year. The Board continues to expect total sales in excess of EUR 95 million in connection with an EBIT margin of at least 27 percent.
* In the interest of comparability, the previous year’s figure is shown after the share split.