At today’s annual general meeting of ATOSS Software AG, the Management Board reported on the continuing positive development of the company. For the 11th time in succession the Munich-based specialist in workforce management succeeded in setting new heights in sales and earnings – demonstrating repeatedly the high degree of stability and success of ATOSS business model.
Shareholders at the AGM approved the management’s proposals unanimously or by an overwhelming majority. The members of the Supervisory Board were confirmed in office and the proposed dividend of EUR 1.16 (previous year: 0.95) per share was also 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 over the past fifteen years including some special payments adds up to EUR 20.35 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 attractiveness of a long-term investment in ATOSS Software AG. Based on the price for the stock at the end of 2016, the company is offering a dividend yield of 2.2 percent (previous year: 4.1 percent).
Even after the payment to shareholders on May 4, 2017 ATOSS continues to have considerable liquidity at its disposal in the amount of more than EUR 20 million as well as a strong equity.
The Management Board, supported by the gratifying start to the year, stands by its guidance for financial year 2017 and continues to anticipate sales growth of 10 percent within a corridor of +/-3 percent. The EBIT margin is also expected to remain around 25 percent.