Q1 2026 ATOSS Software SE Earnings Call Transcript
Key Points
- ATOSS Software SE (FRA:AOF) reported an 11% year-on-year revenue growth in Q1 2026, driven by a 27% increase in their cloud business.
- The company achieved an EBIT margin of 35%, surpassing their full-year guidance, supported by AI efficiency initiatives and revaluation of long-term incentive programs.
- The healthcare sector showed strong momentum, with notable new customer acquisition, including the Berlin Charite hospital.
- ATOSS Software SE's AI initiatives are contributing to higher operational leverage and a more scalable cost structure, enhancing productivity.
- The company maintains a strong liquidity position, with total liquidity increasing to EUR 162 million at the end of Q1 2026.
- There was a certain level of caution in the market from March onwards, driven by macroeconomic and geopolitical uncertainties.
- New ACV in Q1 remained at the prior year level, indicating challenges in converting pipeline opportunities.
- Maintenance revenues declined by around 3% due to the ongoing shift towards cloud services.
- Hardware revenues saw a significant decline of 24%, although it constitutes a small fraction of the overall revenue base.
- The SMB segment showed disappointing performance, possibly reflecting increased uncertainty among smaller customers.
Ladies and gentlemen, welcome to the ATOSS Software SE Hearing Call Q1 2026 conference call and live webcast. I am Vicki, the call's call operator.
I would like to remind you that all participants will be in listen-only mode, and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star, then zero. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Carla Leicher, Manager, Corporate Development. Please go ahead.
Thank you, operator, and hello everyone. Welcome to our Q1 earnings call, where we will be discussing our results for Q1 2026. We are pleased to have you with us today. I am joined by our Chief Financial Officer, Christof Leiber, and we are glad to have the opportunity to walk you through our performance and outlook.
We will be referring to the
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