At today's annual general meeting the Management Board of ATOSS Software AG presented the company's ninth record results in succession and reported an optimistic outlook for the current year. The shareholders approved the management's proposals unanimously or by an overwhelming majority.
In financial year 2014 ATOSS achieved an operating profit (EBIT) of EUR 9.8 million (previous year: EUR 8.4 million) on sales of EUR 39.7 million (previous year: EUR 35.5 million). Earnings per share amounted to EUR 1.77 (previous year: EUR 0.76).
The 22% increase approved today by the shareholders lifted the dividend to EUR 0.88 (previous year: EUR 0.72). The company therefore remains true to its dividend policy to enable shareholders to participate in the company's success by distributing around 50% of earnings per share. Based on the price for the stock at the end of 2014, the company is offering a dividend yield of 2.7%. The dividend will be disbursed to shareholders on April 29, 2015.
In addition to the appropriation of net income, shareholders also voted unanimously or by an overwhelming majority to formally discharge the Management and Supervisory Boards and adopt management proposals to elect auditors and appoint Supervisory Board members and approve an authority to purchase treasury Shares.
With the figures for the first quarter of 2015 now published, it is clear that ATOSS Software AG is on track for a further record performance. This was the best first quarter in the company's history with sales up 11% at EUR 10.7 million and EBIT increased by 10 % to EUR 2.8 million, firmly underpinning the positive full-year outlook. The Management Board remains unchanged in its expectation for further highly positive development in financial year 2015 with continuing growth in sales. The current software licensing order book of EUR 5.0 million (previous year: EUR 4.1 million) provides an excellent basis on which to build. Despite further planned investments, particularly in developing new markets, and a continuing high level of expenditure on research & development amounting to around one fifth of sales, the EBIT margin is also expected to remain well above 20 percent.