Atos reports full year 2024 results
Paris, March 5, 2025
Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its 2024 financial results.
Recovery of the commercial activity in Q4 2024
- Q4 order entry at €2.7 billion
- Q4 book to bill at 117%, +9 points vs Q4 2023, benefitting from the signature of large multi-year contract renewals and wins
- FY 2024 book to bill at 82% vs 94% in prior year
FY 2024 revenue: €9,577 million, down -5.4% organically, impacted by previously-established contract terminations or scope reductions and by market softness in key geographies
- Eviden: down -6.7% organically
- Tech Foundations down -4.1% organically
Operating margin of 2.1% at €199m, with Eviden at 2.0% and Tech Foundations at 2.2%
- Down -210 bps organically compared with FY 2023, mainly due to the allocation to the business of SG&A costs previously allocated to Other Operating Income & Expenses, as part of the separation project in prior year
- Operating margin includes circa €40 million of provision for underperforming contracts following negotiations with customers
Free cash flow at €-2,233 million reflecting the end of one-off working capital optimization actions and higher capex linked to High Performance Computing contracts
- Working capital optimization at December 2024 of €0.3 billion compared to €1.8 billion in prior year
- Consisting solely of customer invoices paid in advance without any discount and on a pure voluntary basis;
- No usage at all of account receivable factoring or specific optimization on trade payables.
Net income group share of €248 million, including notably:
- €3,520 million income from the financial restructuring, including a €2,766 million gain on the debt-to-equity swap and €965 million IFRS 9 debt fair value treatment, which will be amortized in subsequent years
- Goodwill and other non-current assets impairment charge of €2,357 million, reflecting the decrease of the Group’s enterprise value, which takes into account a lower fair value of the financial debts and a lower market capitalization
Philippe Salle, Atos Chairman of the Board of Directors and Chief Executive Officer, declared:
“It was with great enthusiasm and conviction that I have joined the Atos Group in October 2024. Now that our financial restructuring has been successfully completed in December, the Group can focus on its transformation journey and on providing the highest level of support to our customers through innovation and quality of service. I will present my vision for Atos and our mid-term strategy during a Capital Markets Day on May 14.
During the fourth quarter, our commercial activity recovered thanks to the positive change of perception of our clients, who took note of the improvement of our credit rating. This positive commercial momentum materialized in renewals or extensions of large strategic multi-year contracts.
I would like to take this opportunity to sincerely thank the teams involved for their outstanding contribution to the financial structuring of the company and to our employees, customers and partners for their continued support.”
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About Atos
Atos is a global leader in digital transformation with circa 78,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.
The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.
Contacts
Investor relations:
David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67
Individual shareholders: +33 8 05 65 00 75
Press contact: globalprteam@atos.net