ATOSS Software SE Maintains Revenue Growth and Profitability

ATOSS Software SE continued its robust performance in Q3 2024, setting new records for revenue and earnings. The company's revenues for the first three quarters rose by 14% to EUR 125.9 million, with an EBIT margin of 36%. This consistent growth has prompted the Management Board to forecast another year of record results. Despite a challenging economic environment, ATOSS achieved a 16% increase in Software division revenues, notably through a 37% rise in cloud and subscription services.

The company's focus on recurring revenues proved successful, with a 26% increase to EUR 81.8 million, now constituting 65% of total revenues. Consulting services also saw growth, reaching EUR 26.9 million. Although demand for new software licenses dipped, the cloud order backlog grew due to the SaaS model. ATOSS has raised its EBIT margin forecast to at least 35% for 2024, with stable expectations for 2025.