ATOSS Software AG Provides Earnings Guidance for 2020
April 16, 2020 at 01:23 pm IST
ATOSS Software AG provided earnings guidance for 2020. Based on the excellent order situation as of 31 March 2020, characterized by the particularly strong order book for software licenses and a high share of recurring revenues, despite the current circumstances the company keeps an overall sales target of around EUR 80 million for the year 2020 (previous year: EUR 71.4 million). Given the economic effects of the corona crisis, ATOSS expects to see a temporary moderate deceleration in orders in second quarter, which, however, should be followed by an improvement in Third Quarter and a return largely to normal conditions in fourth quarter. Against this background, the company now anticipates a full-year EBIT margin of approx. 25%.