ATOSS Software Reports Significant Q3 Net Profit Increase

In a recent report, ATOSS Software SE showcased impressive financial results for the third quarter, with net profit rising to 11.63 million euros, up from 8.60 million euros last year, alongside improvements in earnings per share and revenue growth.

Date: 23-10-2024

AI Rating: 8

ATOSS Software SE has reported strong financial performance in the third quarter, marked by several critical metrics. The company's net profit surged to 11.63 million euros, significantly up from 8.60 million euros in the prior year. This indicates a positive trend in profitability, which is likely to instill confidence among investors regarding the company’s operational efficiency and market position.

The earnings per share (EPS) also showed a substantial increase, reaching 0.73 euro compared to last year's 0.54 euro. Such growth in EPS commonly reflects positively on a company's performance and prospects, making it an appealing option for investors seeking value.

Moreover, the report highlights that the company's EBITDA grew to 17.15 million euros from 13.53 million euros, showcasing strong operational profitability. The total revenues for the quarter also increased to 42.09 million euros, a notable rise from last year's 37.01 million euros.

For the first three quarters of the year, the overall group revenues climbed by 14 percent to 125.9 million euros. The EBIT margin exhibited a positive trend as well, increasing to 36 percent from the previous year’s 33 percent. This robust growth in revenue and margins is a strong signal of the company's solid economic foundation and growth capabilities.

Looking ahead, ATOSS Software has adjusted its forecast for the EBIT margin for fiscal 2024 to be a minimum of 35 percent, surpassing the earlier estimate of 33 percent. This indicates management's confidence in the business's future prospects, further enhancing investor sentiment.

However, the company has noted caution regarding the current market conditions affecting its order positions, maintaining an unchanged outlook for 2025, where it expects revenues of 190 million euros and an EBIT margin of at least 30 percent. Investors should monitor this aspect closely, as changes in market dynamics could impact the company's performance.

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