ATOSS Software SE Achieves Growth Amid Challenging Economic Environment

ATOSS Software SE reported an 11% increase in group revenues for the third quarter, reaching EUR 139.3 million, despite a weak economic backdrop. The EBIT margin remained robust at 35%, slightly down from 36% the previous year. Driven by a 28% rise in cloud and subscriptions revenues, the company saw a significant boost in recurring revenues, now accounting for 70% of total income.

The software division played a pivotal role, with a 13% revenue gain, and consulting services revenues also expanded. While software license sales declined by 38%, and hardware revenues dropped, ATOSS's liquidity improved by 9%. The company emphasizes sustainable growth and aims to exceed its EBIT margin forecast of 34% for the year.