Yes, since firmware version 2.1 on ATV600 and since firmware version 1.7 on ATV900, the time server function (SNTP) allows to get time with respect to time zone. Even switching between winder and summer time is possible.
Older fw versions allowed only to get UTC time.
It is recommended to configure SNTP via web server that allows more features than configuration by SOmove.
Printscreen in attachment shows example using a time server that is permanently running in schneider network (10.218.104.87) and with central european time zone including switching to summer time (DST enabled) based on start-end date and time.

Released for: Schneider Electric Egypt and North East Africa