"Atos Origin announces Q1 revenues - conclusion of the review of strategic options"
Atos Origin today announced that unaudited revenues for the three months ended 31 March 2007 amounted to EUR 1,435 million, representing a 6.9 per cent increase on a reported basis and a 2.5 per cent increase on a constant scope and exchange rate basis. Revenue growth was above expectations for the quarter, thereby underpinning the Group’s objective of 8.5 per cent top line growth in 2007.
Further to its statement on 26 March 2007, Atos Origin has now finalised the review of strategic options. At the end of the period set by the Group, no binding offers have been received and the Supervisory and Management Boards have unanimously concluded that it is in the best interest of all Group stakeholders to pursue and accelerate, on a stand-alone basis, the value-creating strategy announced in February this year. The Group has thus terminated all discussions with third parties.
Atos Origin is fully committed to the implementation of its transformation plan, with 3 objectives over 3 years: firstly to accelerate organic growth; secondly to improve efficiency; and thirdly to operate as a global company.
Execution of the transformation plan is already enjoying solid momentum, notably in global offshoring where the initial 2009 target of 6,100 staff has been increased to 8,000 based on increased demand from our major country organisations.
The integration of Banksys is also proceeding ahead of plan. The Group will look to further accelerate its development in the payment segment and to participate in the consolidation of the sector, building on its successful Atos Worldline activity, already a pan-European leader.
Atos Origin is also exploring opportunities to strengthen its presence in Asia.
Bernard Bourigeaud, CEO of Atos Origin, declared “We received expressions of interest to buy all the shares of the company in March and decided to review these proposals. Following this review process, the Supervisory and Management Boards reached the unanimous decision that the best option for Atos Origin and all its stakeholders is to pursue the implementation of the transformation plan on a stand-alone basis in order to create ongoing value for our shareholders, clients and employees alike. We confirm our target of doubling our operating margin in absolute value by end 2009, and with a solid client base, strong recurring revenues and a healthy financial situation we look to the future with confidence.”
Next date
1 August 2007 Announcement of 2007 first semester results
Disclaimer
This document contains further forward-looking statements that involve risks and uncertainties concerning the Group’s expected growth and profitability for 2007 and after. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2005 annual report filed with the Autorités des Marchés Financiers (AMF) on April 6th, 2007 as a Document de Référence under the registration number : D07-302. All the definitions used in this document are in the 2006 annual report on the Atos Origin website.
About Atos Origin
Atos Origin is an international information technology services company. Its business is turning client vision into results through the application of consulting, systems integration and managed operations. The company’s annual revenues are EUR 5.4 billion and it employs 50,000 people in 40 countries. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international blue-chip companies across all sectors.
Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, Atos Euronext Market Solutions, Atos Worldline and Atos Consulting.
Contact for Press:
Marie-Tatiana Collombert, Tel: +33 (0) 1 55 91 26 33, marie-tatiana.collombert@atosorigin.com
Louise Tingström, Tel: +44 (0) 789 906 6995, tingstrom@mcomgroup.com
Contact for Investors:
Gilles Arditti, Tel: +33 (0) 1 55 91 28 83, gilles.arditti@atosorigin.com
Q1 2007 REVENUES ANALYSIS
| In € million | Q1 2007 | Q1 2006 | % Change |
| Revenue reported for Q1 2006 |
1,435 |
1,342 |
+6.9% |
| Acquisition |
-65 |
|
|
| Disposals |
|
-5 |
|
| Exchange rates impact |
|
-1 |
|
| Organic growth |
1,370 |
1,336 |
+2.5% |
Q1 2007 revenue by service lines:
| In € million | Q1 2007 | Q1 2006 | % current growth | % organic growth |
| Consulting |
95 |
103 |
-8.0% |
-6.3% |
| Systems Integration |
584 |
570 |
+2.5% |
+3.1% |
| Managed Operations |
756 |
669 |
+13.0% |
+3.4% |
| Total Group |
1,435 |
1,342 |
+6.9% |
+2.5% |
Q1 2007 revenues by geography:
| In € million | Q1 2007 | Q1 2006 | % current growth | % organic growth |
| France |
398 |
405 |
-1.7% |
-1.1% |
| United Kingdom |
273 |
270 |
+1.2% |
-1.3% |
| The Netherlands |
273 |
259 |
+5.6% |
+5.6% |
| Germany + Central Europe |
143 |
143 |
+0.2% |
+1.7% |
| Rest of EMEA |
257 |
186 |
+38.4% |
+4.4% |
| Americas |
55 |
47 |
+17.3% |
+29.7% |
| Asia Pacific |
35 |
33 |
+7.3% |
+13.3% |
| Total Group |
1,435 |
1,342 |
+6.9% |
+2.5% |
