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2021: A year of transition for Atos

Adjustment of Annual Goals
Affirmation of Mid-time period Targets

 

Paris, July twelve, 2021

Referring to EU regulation No. 596/2014, which provides that issuers shall tell the general public as before long as attainable of within information and facts straight relevant to them, Atos announces the adjustment of its 2021 annual goals. The 1st semester figures are not finalized nor audited, the in depth 1st semester accounts will be posted as planned on July 28, 2021.

Through the next quarter, income growth at frequent forex came back again to stability. Having said that, organic growth remained negative at c. -one.five{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} because of to an accelerated drop of legacy infrastructure business enterprise in a context of a considerably much better demand for put up-COVID cloud migration. The Group anticipates that this business enterprise shift will persist in the course of the next semester. The other Group firms benefitted from the financial restoration driving a booming electronic demand. In this context, the Group adjusts its objective of income growth at frequent forex for the whole 12 months to stable.

Although for this 12 months the Group experienced predicted a increased seasonality among the 1st and next semester, functioning margin was lessen than envisioned in the 1st semester at c. five.five{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}. Thinking about the income adjustment in excess of the whole 12 months, impacting legacy things to do with a small shorter time period price tag adaptability, the Group adjusts its functioning margin objective to c. six.{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} for the whole 12 months. As a consequence of this unparalleled effects on the business enterprise, quite a few fantastic objects (write-off of assets, reduction provisions) have been booked underneath “Other Running Money and Expenses”. This line amounted to a full of c. €-160 million in the 1st semester.

Through the 1st semester, no cost money movement amounted to c. €-364 million as opposed to €-172 million in the course of 2020 1st semester. Free money movement was mostly impacted by working capital and in specific by a reduction in money in progress from consumers. Relocating ahead, the Group decides to lower money in progress from consumers. The altered objective for 2021 is a good no cost money movement, to mirror the impacts from the functioning margin objective reduction, and working capital, extra especially on consumer progress payments. The new objective also assumes the entire one-off € a hundred and eighty million money outflow in 2021 for the German turnaround system (see under).

Transformation agenda and mid-time period targets

In this context, the Group has decided to speed up its transformation -equally organically and inorganically- by expanding its achievements in, and focusing on, Electronic, Cloud, Stability, and Decarbonization.

In specific, the strategic portfolio review of non-main assets is being finalized and the Group will converse on its conclusions on July 28, 2021, so as to move to execution quickly.

Negotiations with social associates about the vital turnaround of the German infrastructure business enterprise have concluded to a restructuring system of c. one,three hundred men and women, furnishing an extra one{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} functioning margin at Group degree mid-time period. The system will be in depth on July 28, 2021.

After a 12 months of changeover in 2021, the Group expects to improve on all its KPIs in 2022 and maintains its mid time period targets of income growth at frequent forex from +five{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} to +seven{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}, functioning margin amount from eleven{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} to twelve{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} and no cost money movement conversion previously mentioned sixty{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}.

North The united states Audit Follow up

With regards to the audit of the US authorized entities, the Group decided in April this 12 months to complete a whole accounting review of those people entities as of December 31, 2020, supported by exterior advisors.

This get the job done is being finalized and at this stage misstatements recognized are not material. The auditors’ get the job done is also ongoing as section of their 50 percent 12 months review.

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

Moreover, the remediation and avoidance system has been finalized and is being rolled out.

Appendix

 

Modified Goals

(July twelve, 2021)

Preliminary Goals

(February 18, 2021)

Revenue growth at frequent forex Stable +3.five{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} to +4.{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}
{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} Running Margin to income c. six.{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} nine.4{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} to nine.eight{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654}
Free Dollars Movement Favourable €550 to €600 million

 

The Administration of Atos invites you to an global convention call, on Monday, July twelve, 2021 at 08:00 am (CET – Paris).

You can join the webcast of the convention:

  • via the following website link: https://edge.media-server.com/mmc/p/cvgjqzz9
  • by telephone with the dial-in, 10 minutes prior the setting up time. You should notice that if you want to join the webcast by telephone, you need to sign-up in progress of the convention utilizing the following website link: http://emea.directeventreg.com/registration/9249267
    On registration, you will be delivered with Participant Dial In Numbers, a Direct Occasion Passcode and a unique Registrant ID. Through the 10 minutes prior to the commencing of the call, you will want to use the convention entry information and facts delivered in the e mail obtained upon registration.

After the convention, a replay of the webcast will be available on atos.web, in the Buyers section.

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

 

Forthcoming functions

July 28, 2021               1st semester 2021 success

October 21, 2021         3rd quarter 2021 income

Download the press release in pdf 

Contacts

Investor Relations:

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

Media:

Anette Rey –  +33 six sixty nine 79 eighty four 88 – [email protected]

About Atos

Atos is a global chief in electronic transformation with a hundred and five,000 personnel and annual income of in excess of € eleven billion. European variety one in cybersecurity, cloud and higher efficiency computing, the Group provides customized finish-to-finish options for all industries in 71 nations around the world. A pioneer in decarbonization expert services and products and solutions, Atos is committed to a protected and decarbonized electronic for its clientele. Atos operates underneath the models Atos and Atos|Syntel. Atos is a SE (Societas Europaea), detailed on the CAC40 Paris stock index.

The purpose of Atos is to help design and style the future of the information and facts house. Its expertise and expert services guidance the advancement of awareness, education and research in a multicultural technique and lead to the advancement of scientific and technological excellence. Throughout the environment, the Group permits its consumers and personnel, and customers of societies at big to stay, get the job done and build sustainably, in a safe and sound and protected information and facts house.

Disclaimers

This doc contains ahead-on the lookout statements that require risks and uncertainties, including references, about the Group’s envisioned growth and profitability in the future which may significantly effects the envisioned efficiency indicated in the ahead-on the lookout statements. These risks and uncertainties are connected to components out of the manage of the Enterprise and not precisely believed, such as marketplace situations or rivals behaviors. Any ahead-on the lookout statements built in this doc are statements about Atos’ beliefs and expectations and really should be evaluated as such. Forward-on the lookout statements incorporate statements that may relate to Atos’ plans, goals, methods, goals, future functions, future revenues or synergies, or efficiency, and other information and facts that is not historical information and facts. Genuine functions or success may differ from those people explained in this doc because of to a variety of risks and uncertainties that are explained in the 2020 Common Registration Doc submitted with the Autorité des Marchés Financiers (AMF) on April seven, 2021 underneath the registration variety D.21-0269. Atos does not undertake, and especially disclaims, any obligation or accountability to update or amend any of the information and facts previously mentioned other than as normally demanded by law. This doc does not comprise 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 united states or any other jurisdiction.

Atos consolidated and statutory fiscal statements for the 12 months ended December 31, 2020, were authorized by the Board of Directors on February seventeen, 2021. Adhering to their audit strategies on the consolidated fiscal statements for the 12 months ended December 31, 2020, the statutory auditors issued on April one, 2021 a qualified feeling because of to a limitation on the scope of the audit as two US authorized entities symbolizing eleven{744e41c82c0a3fcc278dda80181a967fddc35ccb056a7a316bb3300c6fc50654} of 2020 consolidated income that require extra diligences. For the sake of clarity, other than for the qualification provided in the statutory auditors’ report on the consolidated fiscal statements for the 12 months ended December 31, 2020, the Group consolidated fiscal statements are audited and the fiscal statements provided in the Common Registration Doc are unchanged as opposed to the version posted by the Enterprise on February 18, 2021. As of nowadays, the Group has not recognized misstatements on the two US entities that are material for the consolidated fiscal statements.

Revenue organic growth is presented at frequent scope and exchange premiums.

Industries incorporate Manufacturing (Aerospace, Automotive, Chemicals, Consumer Packaged Goods (Foods & Beverage), Discrete Manufacturing, Course of action Industries, Solutions and Siemens), Fiscal Solutions & Coverage (Coverage, Banking & Fiscal Solutions, and Organization Transformation Solutions), Public Sector & Protection (Protection, Instruction, Extraterritorial Companies, Public Administration, Public Community Solutions and Main Occasions), Telecom, Media & Technology (Superior Tech & Engineering, Media, and Telecom), Resources & Solutions (Power, Retail, Transportation & Hospitality, and Utilities) and Health care & Lifetime Sciences (Health care and Pharmaceutical).

Regional Organization Units incorporate North The united states (United states of america, Canada, Guatemala and Mexico), Northern Europe (United Kingdom & Ireland, 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 Growing Marketplaces including Asia-Pacific (Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand), South The united states (Argentina, Brazil, Chile, Colombia, Uruguay, and Peru), Middle East & Africa (Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kenya, Kingdom of Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, Turkey and UAE), Main Occasions and Worldwide Shipping and delivery Centers.