ATOSS Software SE Recommended as 'Buy' by NuWays AG

ATOSS Software SE has been classified as a 'Buy' by analyst Philipp Sennewald of NuWays AG. The company specializes in workforce management software, a sector gaining importance due to labor challenges. Despite outdated systems in their core DACH region, ATOSS's cloud-native platform offers modern solutions like time & attendance and shift planning in compliance with local laws.

The transition from licenses to subscriptions has been successful, with cloud and subscription revenues growing by 30% year-on-year in H1 2025, reflecting 48% of total sales. Expanding beyond DACH, ATOSS targets markets like France and Benelux, offering significant growth potential.

ATOSS achieved a record year in FY24, with sales up 13% and EBIT up 22%. Strong momentum continued into H1 2025 with a 10% sales increase. The company is on track to meet its FY25 targets of €190m in sales and a 31% EBIT margin. Consequently, the target price remains at €152.