ATOSS SOFTWARE AG
ATOSS SOFTWARE AG
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ISIN: DE0005104400

DGAP-News: ATOSS Software AG: AGM agrees dividend payment of EUR 2.55 per share; growth to continue in 2020

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DGAP-News: ATOSS Software AG / Key word(s): AGM/EGM/Dividend
ATOSS Software AG: AGM agrees dividend payment of EUR 2.55 per share; growth to continue in 2020

28.05.2020 / 15:46
The issuer is solely responsible for the content of this announcement.


ATOSS Software AG: AGM agrees dividend payment of EUR 2.55 per share; growth to continue in 2020

Munich, May 28, 2020

At today's AGM of ATOSS Software AG, which for safety reasons due to the COVID-19 pandemic was held as a virtual meeting with no shareholders or authorized representatives physically present, the Management Board reported on the company's positive development in business. For the 14th time in succession in financial year 2019, the Munich-based specialist in workforce management succeeded in setting new records for sales and earnings, once again demonstrating the high degree of stability and 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 an increase in capital in the amount of EUR 3,976,568 out of company funds was approved with the issue of new shares in the ratio of 1:1. The company will provide more information regarding the date of implementation of the share split (issue of new shares) once the amendment to the articles of association providing for the increase in capital has been entered in the Commercial Register at the Municipal Court of Munich. The meeting also adopted the proposal to pay a dividend of EUR 2.55 (previous year: EUR 1.40).

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 18 years including some special payments adds up to EUR 28.07 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, 2019, this represents a dividend yield of 1.8 percent (previous year: 5.1 percent).

Even after the dividend is distributed on June 3, 2020, ATOSS will continue to have substantial liquidity well in excess of EUR 20 million at its disposal, with a strong equity base.

Supported by the gratifying start to the year and the sustained high degree of relevance of workforce management particularly in the current environment despite the effects of the coronavirus crisis, the Management Board stands by its forecast for financial year 2020 and continues to anticipate total sales in the order of EUR 80 million with an EBIT margin of around 25 percent.

Upcoming dates:

July 24, 2020 Press release announcing the 6-monthly financial statements
August 10, 2020 Publication of the 6-monthly financial statements
October 23, 2020 Publication of the 9-monthly financial statements
November 16 -18, 2020 ATOSS at the German Equity Forum

ATOSS

ATOSS Software AG is a provider of technology and consulting solutions for professional workforce management and demand-optimized workforce deployment. Whether conventional time management, mobile apps, detailed workforce forecasting, sophisticated workforce scheduling or strategic capacity and requirement planning, ATOSS has just the right solution - both in the cloud and on-premises. The modular product families feature the very highest level of functionality, browser-based high-end technology and platform independence. With more than 8,000 customers in 42 countries, ATOSS workforce management solutions make a measurable contribution to increased value creation and competitiveness. At the same time, they ensure greater planning fairness and satisfaction at the workplace. Customers include companies such as ALDI SÜD, Coca-Cola, Deutsche Bahn, Douglas, Edeka, HUK-COBURG, Klinikum Leverkusen, Lufthansa, MEYER WERFT, Schmitz Cargobull, Sixt, Stadt Regensburg, thyssenkrupp Packaging Steel and W.L. Gore & Associates. Further information: www.atoss.com

ATOSS Software AG

Christof Leiber / Member of the Management Board
Rosenheimer Straße 141 h,
D-81671 Munich
Tel.: +49 (0) 89 4 27 71 - 0
Fax: +49 (0) 89 4 27 71 - 100
investor.relations@atoss.com



28.05.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: ATOSS Software AG
Rosenheimer Str. 141 h
81671 München
Germany
Phone: +49 (0)89 4 27 71-0
Fax: +49 (0)89 4 27 71-100
E-mail: investor.relations@atoss.com
Internet: www.atoss.com
ISIN: DE0005104400
WKN: 510440
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1058201

 
End of News DGAP News Service

1058201  28.05.2020 

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