Adjustment of Yearly Goals
Affirmation of Mid-phrase Targets
Paris, July 12, 2021
Referring to EU regulation No. 596/2014, which supplies that issuers shall advise the general public as soon as achievable of inside of details specifically applicable to them, Atos announces the adjustment of its 2021 yearly objectives. The initially semester figures are not finalized nor audited, the comprehensive initially semester accounts will be published as prepared on July 28, 2021.
All through the next quarter, income development at frequent currency came again to balance. Even so, organic and natural development remained negative at c. -one.5% because of to an accelerated decrease of legacy infrastructure enterprise in a context of a substantially stronger desire for write-up-COVID cloud migration. The Team anticipates that this enterprise shift will persist throughout the next semester. The other Team firms benefitted from the financial recovery driving a booming electronic desire. In this context, the Team adjusts its aim of income development at frequent currency for the full yr to secure.
Whilst for this yr the Team experienced anticipated a better seasonality involving the initially and next semester, operating margin was lower than envisioned in the initially semester at c. 5.5%. Looking at the income adjustment around the full yr, impacting legacy things to do with a small limited phrase value versatility, the Team adjusts its operating margin aim to c. six.% for the full yr. As a consequence of this unprecedented affect on the enterprise, quite a few exceptional objects (publish-off of property, reduction provisions) have been booked under “Other Operating Money and Expenses”. This line amounted to a complete of c. €-one hundred sixty million in the initially semester.
All through the initially semester, no cost dollars circulation amounted to c. €-364 million when compared to €-172 million throughout 2020 initially semester. Free of charge dollars circulation was mainly impacted by doing the job cash and in individual by a reduction in dollars in advance from clients. Going forward, the Team decides to minimize dollars in advance from clients. The modified aim for 2021 is a positive no cost dollars circulation, to replicate the impacts from the operating margin aim reduction, and doing the job cash, far more exclusively on client advance payments. The new aim also assumes the total one particular-off € 180 million dollars outflow in 2021 for the German turnaround strategy (see underneath).
Transformation agenda and mid-phrase targets
In this context, the Team has resolved to speed up its transformation -both of those organically and inorganically- by expanding its achievements in, and concentrating on, Electronic, Cloud, Safety, and Decarbonization.
In individual, the strategic portfolio evaluate of non-main property is remaining finalized and the Team will converse on its conclusions on July 28, 2021, so as to move to execution swiftly.
Negotiations with social associates regarding the essential turnaround of the German infrastructure enterprise have concluded to a restructuring strategy of c. one,300 men and women, supplying an further one% operating margin at Team degree mid-phrase. The strategy will be comprehensive on July 28, 2021.
After a yr of changeover in 2021, the Team expects to boost on all its KPIs in 2022 and maintains its mid phrase targets of income development at frequent currency from +5% to +seven%, operating margin price from eleven% to 12% and no cost dollars circulation conversion over sixty%.
North The us Audit Comply with up
Pertaining to the audit of the US authorized entities, the Team resolved in April this yr to carry out a full accounting evaluate of these entities as of December 31, 2020, supported by external advisors.
This do the job is remaining finalized and at this phase misstatements identified are not material. The auditors’ do the job is also ongoing as element of their 50 percent yr evaluate.
The completion of this method is specific to be reached at the time of H1 release on July 28, 2021.
Aside from, the remediation and avoidance strategy has been finalized and is remaining rolled out.
(July 12, 2021)
(February 18, 2021)
|Profits development at frequent currency||Stable||+3.5% to +four.%|
|% Operating Margin to income||c. six.%||9.four% to 9.eight%|
|Free of charge Income Stream||Beneficial||€550 to €600 million|
The Administration of Atos invites you to an global convention simply call, on Monday, July 12, 2021 at 08:00 am (CET – Paris).
You can be part of the webcast of the convention:
- through the pursuing hyperlink: https://edge.media-server.com/mmc/p/cvgjqzz9
- by telephone with the dial-in, 10 minutes prior the starting off time. Remember to notice that if you want to be part of the webcast by telephone, you need to register in advance of the convention using the pursuing hyperlink: http://emea.directeventreg.com/registration/9249267
Upon registration, you will be delivered with Participant Dial In Numbers, a Direct Party Passcode and a one of a kind Registrant ID. All through the 10 minutes prior to the starting of the simply call, you will require to use the convention entry details delivered in the electronic mail acquired on registration.
After the convention, a replay of the webcast will be readily available on atos.web, in the Traders area.
The press release will be issued on Monday, July 12, 2021 at 07:30 am (CET – Paris).
July 28, 2021 1st semester 2021 success
Oct 21, 2021 3rd quarter 2021 income
Down load the press release in pdf
Gilles Arditti – +33 six eleven sixty nine eighty one 74 – [email protected]
Anette Rey – +33 six sixty nine seventy nine 84 88 – [email protected]
Atos is a global chief in electronic transformation with one zero five,000 employees and yearly income of around € eleven billion. European quantity one particular in cybersecurity, cloud and superior general performance computing, the Team supplies personalized end-to-end alternatives for all industries in seventy one international locations. A pioneer in decarbonization solutions and items, Atos is committed to a secure and decarbonized electronic for its clients. Atos operates under the brand names Atos and Atos|Syntel. Atos is a SE (Societas Europaea), shown on the CAC40 Paris stock index.
The goal of Atos is to aid style the long term of the details house. Its know-how and solutions guidance the development of information, schooling and exploration in a multicultural tactic and contribute to the development of scientific and technological excellence. Throughout the globe, the Team permits its clients and employees, and users of societies at massive to stay, do the job and produce sustainably, in a harmless and secure details house.
This doc has forward-searching statements that involve hazards and uncertainties, together with references, concerning the Group’s envisioned development and profitability in the long term which could noticeably affect the envisioned general performance indicated in the forward-searching statements. These hazards and uncertainties are linked to aspects out of the handle of the Enterprise and not specifically approximated, these kinds of as market place disorders or opponents behaviors. Any forward-searching statements made in this doc are statements about Atos’ beliefs and anticipations and must be evaluated as these kinds of. Ahead-searching statements consist of statements that could relate to Atos’ plans, objectives, strategies, aims, long term gatherings, long term revenues or synergies, or general performance, and other details that is not historical details. True gatherings or success could differ from these described in this doc because of to a quantity of hazards and uncertainties that are described in the 2020 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April seven, 2021 under the registration quantity D.21-0269. Atos does not undertake, and exclusively disclaims, any obligation or obligation to update or amend any of the details over other than as if not essential by legislation. This doc does not contain or represent an supply of Atos’ shares for sale or an invitation or inducement to spend in Atos’ shares in France, the United States of The us or any other jurisdiction.
Atos consolidated and statutory economical statements for the yr finished December 31, 2020, ended up permitted by the Board of Directors on February 17, 2021. Pursuing their audit methods on the consolidated economical statements for the yr finished December 31, 2020, the statutory auditors issued on April one, 2021 a competent viewpoint because of to a limitation on the scope of the audit as two US authorized entities representing eleven% of 2020 consolidated income that require further diligences. For the sake of clarity, other than for the qualification involved in the statutory auditors’ report on the consolidated economical statements for the yr finished December 31, 2020, the Team consolidated economical statements are audited and the economical statements involved in the Universal Registration Document are unchanged when compared to the version published by the Enterprise on February 18, 2021. As of these days, the Team has not identified misstatements on the two US entities that are material for the consolidated economical statements.
Profits organic and natural development is introduced at frequent scope and exchange charges.
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