All the latest financial press releases concerning Atos.Financial press releases
Financial press releases
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
Market Update
Market update - January 3, 2024
Statement - Onepoint shareholding [update]
Atos has taken note of the announcement made this afternoon by Onepoint, a French company recognized in the field of digital transformation and an anchor shareholder of the Atos Group since November 1, 2023, in which it has announced that it has increased its holding in Atos to 11.4%.
Atos Group strengthens management team to lead transformation
Tech sector specialist Carlo d’Asaro Biondo appointed Group General Manager in charge of business operations, commercial development and business efficiency.
Post Onepoint announcement communication
Atos has taken note of the announcement by Onepoint this afternoon .
Atos reports third-quarter revenue 2023, full-year outlook confirmed
Q3 2023 Group revenue of €2,590m, down -3.0% on an organic basis Eviden up +2.3% on an organic basis on solid contribution from Big Data and Digital Security Tech Foundations down -7.2% on an organic basis, with core revenue down -4.9% driven by portfolio rationalisation Order entry of €2.2bn up +10% compared with the prior year, book-to-bill ratio of 84% compared with 71% in Q3 2022 9-months 2023 Group revenue of €8
Atos provides update on contemplated sale of Tech Foundations to EPEI group
Contemplated transaction offers the most achievable path to execution of separation of Tech Foundations and Eviden and improvement of the risk profile of Atos Group Social consultation progressing with Societas Europaea Council (SEC) and at local level and most regulatory pre-filings or filings have been submitted in relevant jurisdictions Shareholders’ Meeting and completion of overall transaction now anticipated in early Q2 2024 given expected timing of regulatory approvals Ongoing exclusive negotiations with EPEI to address certain financial parameters of the