Atoss Software announced preliminarily that their net profit for the financial year 2023 had a substantial increase, rising to 35.8 million Euros from the previous 19.4 million Euros in the year before. There was a similar increase in earnings per share, with an increase from 2.44 Euros to 4.50 Euros. The company's operating earnings saw an uptick too, surging to 51.8 million Euros from 30.8 million Euros. In line with these trends, the yearly revenues also rose by 33 percent, reaching a total of 151.2 million Euros from 113.9 million Euros the prior year.
Atoss Software's fourth quarter results were no different either, with net profits rising to 10.99 million Euros, a significant increase from 5.63 million Euros in the previous year. Earnings per share echoed a similar trend, increasing from 0.71 Euros to 1.38 Euros. Sales revenues capped off the successful quarter, reaching 40.94 million Euros compared to 32.03 million Euros in the previous year.
Looking ahead into the future, the Atoss Software Management Board is optimistic about the potentials for both 2024 and 2025. Forecasts for 2024 include projected revenues of 170 million Euros and an Earnings Before Interest and Taxes (EBIT) margin of 30 percent. For 2025, the Board remained consistent in its forecasts, maintaining expectations of at least 190 million Euros in revenues and a minimum EBIT margin of 30 percent.
On the matter of dividends, the Management Board plans to propose to the Supervisory Board a dividend of 3.37 Euros per share as part of its profit appropriation resolution.
