Henrik Paganetty, an analyst from Jefferies, maintained the Hold rating on ATOSS Software. The associated price target remains the same with €120.00.
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Henrik Paganetty has given his Hold rating due to a combination of factors including ATOSS Software’s mixed Q2 2025 performance. While the company experienced a 9% year-over-year increase in sales, reaching €45.8 million, this was still below the estimated €47.0 million. The growth in cloud revenues by approximately 30% year-over-year to €22.8 million, and the increase in recurring revenues to 71% of total revenues, provide positive long-term visibility.
However, the EBIT decreased slightly by 2% year-over-year, and the EBIT margin fell from 37% to 34%, which was slightly below expectations. This decrease is attributed to cautious cost management and postponed investments in sales expansion. Additionally, the decline in incoming orders during the first half of the year, due to subdued demand for new software offerings, contributes to the Hold rating. Despite these challenges, the company has maintained its guidance for 2025 and its midterm outlook until 2027, indicating a stable but cautious future outlook.
According to TipRanks, Paganetty is a 3-star analyst with an average return of 4.3% and a 50.99% success rate.