ATOSS SOFTWARE – Share Soon in the MDAX?

A Historic Decision

On November 14, 2022, the German Stock Exchange AG (Deutsche Boerse AG) announced the upcoming composition of the MDAX. This index is the second most important German stock index after the DAX, and thus measures the performance of mid-cap companies in the country. Inclusion in the index is considered a sign of prestige, offers increased visibility to investors, and can boost share prices.

For ATOSS SOFTWARE AG (ATOSS), the decision from the German Stock Exchange is of great importance. ATOSS is a leading provider of business software solutions for medium-sized companies, and has been listed on the Frankfurt Stock Exchange since 1998. The company has a market capitalization of around €400 million and employs around 1,400 people worldwide.

Outlook

ATOSS’s inclusion in the MDAX is a testament to the company’s strong performance in recent years. In the first half of 2022, the company increased its revenue by 21.9% to €82.4 million and its EBIT by 22.4% to €13.1 million. The company’s products are in demand, and its order backlog is record-high.

In addition, ATOSS is well-positioned for the future. The company’s software solutions are modular and can be easily tailored to the specific needs of its customers. This makes the solutions attractive to a wide range of mid-sized businesses.

Based on the company’s strong performance and positive outlook, we believe that ATOSS is a strong candidate for inclusion in the MDAX. The update of the index will be made after trading on December 16, 2022, and the changes will take effect on December 19, 2022.