Prompt Payment Policy
Atos is fully committed to the Prompt Payment Policy.
For the period July 2024 to December 2024, Atos IT services UK ltd measured an average of 93% of all supply chain invoices paid within 60 days, marginally missing the minimum target of 95%. This was due 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 successfully completed its financial restructuring in December 2024. As a result, S&P and Fitch immediately upgraded Atos corporate’s credit ratings to stable and we anticipate further upgrades as we publish our accounts. Thanks to this package and a new, streamlined reporting and approval process in the UK we will be able to speed up the payment process and are confident Atos IT services UK ltd will pay 95% of suppliers within 60 days, in the next half.
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.