All the latest financial press releases concerning Atos.Financial press releases
Financial press releases
Market update - July 5, 2024
Following its press release dated June 30, 2024 and as part of its interim financing process, Atos announces the close of the syndication of the additional tranches for €225 million and €350 million and the receipt of the required waiver from the banks under the €1.5 billion term loan of the Company. These additional tranches of €225 million and €350 million of revolving credit facility are subject to an amendment of the facilities previously provided by a group of bondholders
Market update - June 30, 2024
Agreement reached on financial restructuring terms between the Company and a group of banks and bondholders Significant milestone towards reaching a final restructuring agreement by July Main terms of Atos’ financial restructuring plan: Contribution of €233 million by way of a capital increase with preferential subscription right, €75 million of which is backstopped by the bondholders participating to the new financings (described below) in cash and €100 million is backstopped by the Participating Creditors by debt equitization Equitization
Market update - June 27, 2024
Resignation of Mr. David Layani and Ms. Helen Lee-Bouygues from the Board of Directors Paris, France - June 27, 2024 Atos SE (“Atos” or the “Company”) has been informed by Mr. David Layani and Ms. Helen Lee Bouygues of their resignation from the Board of Directors with immediate effect with a view to Onepoint's intention to withdraw from the Company’s share capital. *** Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group
Market Update - June 26, 2024
Revised global financial restructuring proposal received from the representative committee of bondholders (SteerCo) taking into account the end of discussions with Onepoint, Butler Industries and Econocom Business activities in line with the business plan presented on April 29, 2024 Finalization of the agreement aimed at protecting the sovereign interests of the French State with respect to certain activities carried out by the Atos group Objective of reaching a definitive financial restructuring agreement by July 2024 remains unchanged EPEI also proposed
Market update – June 20, 2024
Update on the targeted €800 million short-term interim financing Final structure agreed for the €450 million short-term interim financing previously committed: €100 million Facilitiesprovided by a group of bondholders (fully drawn) €50 million loan from the French State (fully drawn) €225 million additional tranche of facilities backstopped by a group of banks for €125 million and a group of bondholders for €100 million, subject to a waiver from the banks under the €1.5 billion term loan of the
Market Update - June 14, 2024
Non-binding confirmatory offer letter received from the French State for the potential acquisition of BDS's Advanced Computing, Mission-Critical Systems and Cybersecurity Products businesses Proposed enterprise value of €700 million Discussions to follow with the French State Objective of reaching a definitive financial restructuring agreement with the Onepoint consortiumand financial creditors by July 2024 unchanged Paris, France - June 14, 2024 As part of the discussions initiated with the French State announced to the market by a press release dated
Market Update - June 13, 2024
Paris, France – June 13, 2024 Further to its press release dated June 11, 2024, Atos SE ("Atos" or the "Company") has engaged in discussions with stakeholders on the financial restructuring proposal submitted by the Onepoint consortium, composed of Onepoint, Butler Industries and Econocom, and a group of some of the Company’s financial creditors (the "Restructuring Proposal") as published by the Company on June 3, 2024. As part of these ongoing discussions, it has been considered in relation to the
Atos enters into exclusive negotiations with ALTEN for the sale of Worldgrid
Paris, France – June 11, 2024 Atos, a global leader in digital transformation, today announces that it has entered into exclusive negotiations with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for a binding enterprise value of €270 million. Worldgrid provides consulting and engineering services to energy and utility companies. The business currently employs close to 1,100 employees and, in 2023, it generated revenue of circa €170 million from a diverse and longstanding client base. ALTEN is
Market update - June 11, 2024
Atos’ Board of Directors has decided to proceed with the financial restructuring proposal submitted by the Onepoint consortium consisting of Onepoint, Butler Industries and Econocom, and a group of some of the Company’s financial creditors. Atos’ Board of Directors has concluded, under the aegis of the Conciliator, that the proposal received from the Onepoint consortium: Aligns with the corporate interest of the Company, particularly its employees and clients; Is generally consistent with the key financial parameters outlined in April by
Market Update
Further to its press release dated June 3, 2024, Atos (“Atos” or the “Company”) confirms that it is currently in discussions with the two parties that submitted revised restructuring proposals to further improve certain terms of those proposals. These discussions are part of the ongoing conciliation process and are in the best interest of the Company.
Market update - June 3, 2024
Two revised financial restructuring proposals received as part of the conciliation process from: EPEI in consortium with Attestor Limited A consortium comprising Onepoint, Butler Industries and Econocom, and a group of some of the Company’s creditors Both proposals are generally consistent with the financial parameters set by the Company, including debt reduction and near-term and mid-term financing needs: Atos’ Board of Directors has authorized management to work with the Company’s financial creditors, under the aegis of the
Market update - May 21, 2024
The deadline for the Annual General Meeting to approve the 2023 financial statements has been extended to December 31, 2024, by the President of the Pontoise Commercial Court, to provide Atos with a stable framework to complete the current discussions on a financial restructuring agreement by July 2024. The statutory accounts have been approved by the Board of Directors and certified without any reserve by Atos’ statutory auditors. Atos reminds that the non-binding offers received for its restructuring, all entail
Market update - May 6, 2024
Four financial restructuring proposals received as part of the current conciliation process Agreement on a financial restructuring solution acceptable to financial creditors targeted for May 31, with final agreement to be reached by July 2024 €100 million interim financing agreement with bondholders signed; discussions progressing with banks and the French State on the remaining €350 million Paris, France – May 6, 2024 Following the publication of the updated parameters of its financial restructuring framework on April 29, 2024, Atos
Market update - April 29, 2024
Atos SE announces today the receipt of a non-binding letter of intent from the French state to acquire 100% of the Advanced Computing, Mission-Critical Systems and Cybersecurity Products activities of Atos SE’s BDS division.
Atos reports first quarter 2024 performance*
Q1 2024 Revenue €2,479m, down -2.6% organically Eviden down -3.9% organically, reflecting continued softness in Americas and the UK Tech Foundations down -1.5% organically, reflecting lower scope of work with certain customers in Americas and Central Europe Order entry of €1.6bn for a book-to-bill of 64%, compared with 73% in prior year Eviden book-to-bill at 83%, compared with 79% in prior year, driven by stronger demand in High-Performance Computing Tech Foundations
Market update - April 9, 2024
Atos announces the parameters of its refinancing framework, based on its full business perimeter of Tech Foundations and Eviden: €600 million of cash needed to fund the business over the 2024-25 period. Funds to be provided in the form of debt and/or equity by existing stakeholders or third-party investors €300 million in new revolving credit facility and €300 million in additional bank guarantee lines Targeting BB credit profile by 2026, which assumes a financial leveragebelow 3x by year
Atos announces the evolution of its Board of Directors
Atos today announces the nomination of a new Director to strengthen its Board of Directors during the company’s transformation period.
Presentation of the parameters of Atos’ refinancing framework
Paris, France, April 2, 2024 As announced on Tuesday March 26, Atos SE will present the parameters of its refinancing framework to its financial creditors on Monday April 8, 2024 at 17:00 CET. To that extent, all creditors holding unsecured financial debt of Atos SE are invited to reach out to Kroll, who is acting as the information agent, at the following e-mail address (atos@is.kroll.com). They will be requested to provide, among others, proof of debt
Atos reports full year 2023 results
Revenue: €10,693m, up +0.4% organically Eviden up +2.9% organically Tech Foundations down -1.7% organically Operating margin of 4.4% (€467m), up +170 bps organically With year-on-year improvements in both Eviden and Tech Foundations Free cash flow at €-1,078m H2 Free Cash Flow at €-109m Reflecting lower working capital actions and higher reorganization costs Net loss group share at €-3,441m Impacted by goodwill and other non-current assets impairment charge of €2,546m Normalized
Statement March 25
The company takes note of the comments made by David Layani, the representative of shareholder Onepoint. These comments are not binding on the company or its Board of Directors. Onepoint's plan has not been presented to the company's Board of Directors, who, if and when it is, will be able to analyze it and communicate its position in due course. A communication on Atos Group's 2023 results and next steps will take place on Tuesday morning, March 26
Market update - March 19, 2024
Atos announces it has been informed by Airbus that discussions related to the sale of its BDS (Big Data & Security) business will not proceed.
Atos announces evolution of its Board of Directors
Paris, France – February 29, 2024 Atos today announces the nomination of three new directors to further strengthen its Board of Directors during the company’s transformation period. At a meeting held on February 28, 2024, and upon the recommendation of the Nomination and Governance Committee, the Board approved the cooptation of David Layani and Helen Lee Bouygues as Directors representing the anchor shareholder Onepoint, which holds 11.4% of the Group. David Layani is the CEO and Founder of Onepoint. Having
Market update
Atos confirms FY 2023 revenue and operating margin results in line with guidance Revenue: €10,693m, up +0.4% organically Eviden up +2.9% organically Tech Foundations down -1.7% organically Operating margin of 4.4% (€467m), up +170 bps organically With year-on-year improvements in both Eviden and Tech Foundations 2023 H2 Free Cash Flow of €-109m FY 2023 Free cash flow of €-1,078m, reflecting lower working capital actions and higher reorganization costs Net debt position of €2
Market update
Atos: Market update, February 5, 2024
Atos reshapes management team and board to implement adjusted strategy
Paul Saleh, currently group CFO, appointed Chief Executive Officer with immediate effect. Jacques-François de Prest joins Atos as Group CFO. Sujatha "Suja" Chandrasekaran and Monika Maurer are appointed as new independent directors. Further Directors appointments are currently under review, to continue strengthening the Board of Directors during this transformation period. Atos confirms that the Group and its business lines will achieve their 2023 financial targets for the year in terms of sales and operating margin. The company expects free cash