ATOSS Reports 12% First-Half Revenue Growth, Keeps 2026 Outlook Unchanged
Key Facts
ATOSS Software reported 12% growth in group revenue to €103.2 million in the first half of 2026, compared with €92.1 million in the same period a year earlier, according to its quarterly statement. The company maintained its full-year revenue forecast of €210 million to €215 million, with an EBIT margin of at least 34%. This follows the company’s publication of nine-month results and its third-quarter call on October 23, according to its financial calendar. First-half figures provide a basis for comparison with the third-quarter update, but the October figures cited in the draft cannot be verified against the official sources available here. This report therefore limits confirmed figures to the company’s first-half disclosures and financial calendar.
In its July update, management confirmed the same annual revenue range, from €210 million to €215 million, and estimated an EBIT margin of at least 34%. That means the revenue guidance remained as issued by the company at the start of the year, according to its first-half statement, while the margin remained tied to a stated floor rather than a specific target. ATOSS reported first-half revenue growth of 12%, to €103.2 million from €92.1 million a year earlier. This comparison places the period’s performance within the annual outlook reaffirmed by the company in July. The revised 2026 outlook attributed in the draft to the October statement cannot be confirmed from the official disclosure available.
ATOSS attributed its first-half operating profitability to continued strict cost management, alongside efficiency gains from process improvement and digitalization. The company said the two factors were "key drivers," referring to operating profitability. This differs from the draft’s account of AI-driven productivity gains: the first-half statement does not mention that, nor does it substantiate a claim specific to innovation and development. In its operating context, the company said it was benefiting from growing demand for intelligent workforce management solutions, rising requirements for flexibility and productivity, and the continued digitalization of processes that rely heavily on employees. ATOSS links these factors to market demand for its products, while describing process improvement and digitalization as internal efficiency gains that supported profitability.
The company also said the growing adoption of cloud computing enhances the scalability of its business model and improves the quality of recurring revenue. ATOSS linked this to greater revenue visibility and predictability, according to its first-half disclosure. In the first quarter, cloud and subscription revenue rose 27% to €27.0 million, from €21.4 million in the corresponding period of 2025. Group revenue increased 11% to €51.4 million in the first quarter, while the EBIT margin was 35%, compared with 34% a year earlier. First-quarter figures show cloud revenue growing faster than total revenue during the period, while the company’s statement explains the importance of this trend in terms of scalability and recurring revenue quality.
The 2026 update follows a year in which revenue rose 11% to €189.3 million in 2025, from €170.6 million in 2024. But the EBIT margin fell to 36% in 2025 from 37% the previous year, according to the fiscal-year results published by ATOSS. These figures provide context for the growth and profitability trajectory ahead of this year’s outlook, without establishing whether the margin improved in the first nine months of 2026. In its July disclosure, the company also forecast group revenue of €235 million to €245 million in 2027 and an EBIT margin of at least 35%. The draft’s claim that the October statement did not change the 2027 outlook cannot be verified because the third-quarter statement was not available among the open sources.
On its financial position, ATOSS said liquidity rose 33% year on year to €121.3 million in the first half of 2026, despite total dividend payments of €36.3 million. It said the dividend was paid on May 6, 2026, at €2.28 per share. The company presented the increase in liquidity alongside the cash dividends paid during the period, according to its quarterly statement. In its investor calendar, ATOSS listed publication of nine-month results and a third-quarter call on October 23, followed by a Berenberg tour in Brussels on November 5. The company is then scheduled to appear at the German Equity Forum on November 23, the next date set out in its calendar.