Prompt Payment Policy
Atos is fully committed to the Prompt Payment Policy.
For the period January 2024 to June 2024, Atos IT services UK ltd measured 94% of all supply chain invoices paid within 60 days, marginally missing the minimum target of 95%. This was due primarily to additional working capital controls implemented by the Atos Group whilst a debt refinancing package was agreed with creditors, details of which can be found via the investor relations page of the website.
The Atos group now has a refinancing package agreed with creditors and a new, streamlined reporting and approval process has been implemented in the UK to speed up the payment process whilst still operating within group working capital controls. By taking these actions, we are confident Atos IT services UK ltd will pay 95% of suppliers within 60 days, in the near future.
Our UK&I Executive Board is regularly updated on compliance with the policy and the UK CFO has approved the streamlined process and action plan we have now put in place.