December 5, 2022

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2021: A year of transition for Atos

Adjustment of Once-a-year Objectives
Affirmation of Mid-time period Targets

 

Paris, July twelve, 2021

Referring to EU regulation No. 596/2014, which offers that issuers shall tell the community as before long as feasible of inside information and facts instantly pertinent to them, Atos announces the adjustment of its 2021 yearly objectives. The to start with semester figures are not finalized nor audited, the thorough to start with semester accounts will be posted as planned on July 28, 2021.

Through the second quarter, profits progress at consistent currency arrived back to steadiness. Having said that, organic progress remained damaging at c. -1.five% because of to an accelerated decline of legacy infrastructure business enterprise in a context of a a great deal more robust demand from customers for write-up-COVID cloud migration. The Team anticipates that this business enterprise shift will persist in the course of the second semester. The other Team companies benefitted from the economic recovery driving a booming digital demand from customers. In this context, the Team adjusts its aim of profits progress at consistent currency for the whole year to secure.

Whilst for this year the Team had anticipated a bigger seasonality in between the to start with and second semester, running margin was reduce than expected in the to start with semester at c. five.five%. Thinking of the profits adjustment more than the whole year, impacting legacy actions with a small shorter time period price tag versatility, the Team adjusts its running margin aim to c. 6.% for the whole year. As a consequence of this unparalleled influence on the business enterprise, several remarkable goods (compose-off of belongings, decline provisions) have been booked less than “Other Running Revenue and Expenses”. This line amounted to a whole of c. €-a hundred and sixty million in the to start with semester.

Through the to start with semester, free funds move amounted to c. €-364 million in comparison to €-172 million in the course of 2020 to start with semester. Free funds move was predominantly impacted by functioning money and in certain by a reduction in funds in advance from clients. Shifting forward, the Team decides to lessen funds in advance from clients. The altered aim for 2021 is a favourable free funds move, to mirror the impacts from the running margin aim reduction, and functioning money, more particularly on client advance payments. The new aim also assumes the total a single-off € one hundred eighty million funds outflow in 2021 for the German turnaround system (see down below).

Transformation agenda and mid-time period targets

In this context, the Team has made the decision to accelerate its transformation -the two organically and inorganically- by expanding its achievements in, and focusing on, Electronic, Cloud, Protection, and Decarbonization.

In certain, the strategic portfolio overview of non-core belongings is getting finalized and the Team will connect on its conclusions on July 28, 2021, so as to go to execution swiftly.

Negotiations with social companions regarding the needed turnaround of the German infrastructure business enterprise have concluded to a restructuring system of c. 1,three hundred folks, giving an supplemental 1% running margin at Team amount mid-time period. The system will be thorough on July 28, 2021.

Following a year of changeover in 2021, the Team expects to increase on all its KPIs in 2022 and maintains its mid time period targets of profits progress at consistent currency from +five% to +seven%, running margin fee from eleven% to twelve% and free funds move conversion earlier mentioned 60%.

North America Audit Abide by up

With regards to the audit of the US authorized entities, the Team made the decision in April this year to carry out a whole accounting overview of these entities as of December 31, 2020, supported by external advisors.

This do the job is getting finalized and at this phase misstatements determined are not product. The auditors’ do the job is also ongoing as portion of their half year overview.

The completion of this procedure is specific to be accomplished at the time of H1 release on July 28, 2021.

Aside from, the remediation and prevention system has been finalized and is getting rolled out.

Appendix

 

Adjusted Objectives

(July twelve, 2021)

Original Objectives

(February 18, 2021)

Profits progress at consistent currency Secure +three.five% to +four.%
% Running Margin to profits c. 6.% nine.four% to nine.8%
Free Funds Circulation Constructive €550 to €600 million

 

The Management of Atos invitations you to an international meeting call, on Monday, July twelve, 2021 at 08:00 am (CET – Paris).

You can be a part of the webcast of the meeting:

  • via the pursuing website link: https://edge.media-server.com/mmc/p/cvgjqzz9
  • by phone with the dial-in, ten minutes prior the starting time. Make sure you take note that if you want to be a part of the webcast by phone, you ought to sign-up in advance of the meeting using the pursuing website link: http://emea.directeventreg.com/registration/9249267
    Upon registration, you will be delivered with Participant Dial In Quantities, a Immediate Event Passcode and a exclusive Registrant ID. Through the ten minutes prior to the starting of the call, you will need to have to use the meeting obtain information and facts delivered in the e mail been given on registration.

Following the meeting, a replay of the webcast will be obtainable on atos.internet, in the Traders part.

The push release will be issued on Monday, July twelve, 2021 at 07:thirty am (CET – Paris).

 

Forthcoming functions

July 28, 2021               Very first semester 2021 benefits

October 21, 2021         3rd quarter 2021 profits

Down load the push release in pdf 

Contacts

Investor Relations:

Gilles Arditti – +33 6 eleven sixty nine eighty one 74 –  [email protected]

Media:

Anette Rey –  +33 6 sixty nine 79 84 88 – [email protected]

About Atos

Atos is a world-wide chief in digital transformation with 105,000 personnel and yearly profits of more than € eleven billion. European amount a single in cybersecurity, cloud and substantial functionality computing, the Team offers tailored finish-to-finish alternatives for all industries in seventy one nations around the world. A pioneer in decarbonization solutions and products and solutions, Atos is committed to a protected and decarbonized digital for its customers. Atos operates less than the makes Atos and Atos|Syntel. Atos is a SE (Societas Europaea), shown on the CAC40 Paris inventory index.

The objective of Atos is to aid style and design the potential of the information and facts place. Its expertise and solutions aid the enhancement of understanding, schooling and research in a multicultural strategy and contribute to the enhancement of scientific and technological excellence. Across the world, the Team allows its clients and personnel, and users of societies at massive to dwell, do the job and build sustainably, in a secure and protected information and facts place.

Disclaimers

This document consists of forward-on the lookout statements that include pitfalls and uncertainties, like references, regarding the Group’s expected progress and profitability in the potential which may perhaps appreciably influence the expected functionality indicated in the forward-on the lookout statements. These pitfalls and uncertainties are linked to elements out of the manage of the Corporation and not specifically estimated, these as market conditions or opponents behaviors. Any forward-on the lookout statements created in this document are statements about Atos’ beliefs and expectations and really should be evaluated as these. Ahead-on the lookout statements incorporate statements that may perhaps relate to Atos’ options, objectives, strategies, plans, potential functions, potential revenues or synergies, or functionality, and other information and facts that is not historic information and facts. True functions or benefits may perhaps vary from these explained in this document because of to a amount of pitfalls and uncertainties that are explained in the 2020 Common Registration Document filed with the Autorité des Marchés Financiers (AMF) on April seven, 2021 less than the registration amount D.21-0269. Atos does not undertake, and particularly disclaims, any obligation or duty to update or amend any of the information and facts earlier mentioned except as in any other case needed by law. This document does not consist of or constitute an give of Atos’ shares for sale or an invitation or inducement to spend in Atos’ shares in France, the United States of America or any other jurisdiction.

Atos consolidated and statutory money statements for the year finished December 31, 2020, have been authorised by the Board of Administrators on February 17, 2021. Pursuing their audit processes on the consolidated money statements for the year finished December 31, 2020, the statutory auditors issued on April 1, 2021 a experienced belief because of to a limitation on the scope of the audit as two US authorized entities symbolizing eleven% of 2020 consolidated profits that demand supplemental diligences. For the sake of clarity, except for the qualification integrated in the statutory auditors’ report on the consolidated money statements for the year finished December 31, 2020, the Team consolidated money statements are audited and the money statements integrated in the Common Registration Document are unchanged in comparison to the version posted by the Corporation on February 18, 2021. As of right now, the Team has not determined misstatements on the two US entities that are product for the consolidated money statements.

Profits organic progress is presented at consistent scope and trade prices.

Industries incorporate Producing (Aerospace, Automotive, Chemical compounds, Customer Packaged Merchandise (Foodstuff & Beverage), Discrete Producing, Method Industries, Companies and Siemens), Money Companies & Insurance plan (Insurance plan, Banking & Money Companies, and Small business Transformation Companies), Public Sector & Defense (Defense, Education and learning, Extraterritorial Companies, Public Administration, Public Community Companies and Big Situations), Telecom, Media & Technologies (Superior Tech & Engineering, Media, and Telecom), Methods & Companies (Strength, Retail, Transportation & Hospitality, and Utilities) and Healthcare & Life Sciences (Healthcare and Pharmaceutical).

Regional Small business Models incorporate North America (United states of america, Canada, Guatemala and Mexico), Northern Europe (United Kingdom & Eire, Belgium, Denmark, Estonia, Belarus, Finland, Lithuania, Luxembourg, The Netherlands, Poland, Russia, and Sweden), Central Europe (Germany, Austria, Bulgaria, Bosnia, Croatia, Czech Republic, Greece, Hungary, Romania, Serbia, Slovenia, Slovakia, Israel, and Switzerland), Southern Europe (France, Andorra, Spain, Portugal, and Italy) and Increasing Marketplaces like Asia-Pacific (Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand), South America (Argentina, Brazil, Chile, Colombia, Uruguay, and Peru), Middle East & Africa (Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coastline, Kenya, Kingdom of Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, Turkey and UAE), Big Situations and World Shipping Centers.