Adjustment of Once-a-year Aims
Affirmation of Mid-phrase Targets

 

Paris, July 12, 2021

Referring to EU regulation No. 596/2014, which supplies that issuers shall advise the community as shortly as attainable of inside info instantly applicable to them, Atos announces the adjustment of its 2021 once-a-year targets. The 1st semester figures are not finalized nor audited, the detailed 1st semester accounts will be released as prepared on July 28, 2021.

Throughout the second quarter, revenue progress at consistent forex arrived again to steadiness. Nonetheless, natural and organic progress remained negative at c. -one.five{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} due to an accelerated decline of legacy infrastructure business enterprise in a context of a much much better desire for post-COVID cloud migration. The Group anticipates that this business enterprise change will persist in the course of the second semester. The other Group enterprises benefitted from the economic recovery driving a booming electronic desire. In this context, the Group adjusts its goal of revenue progress at consistent forex for the comprehensive 12 months to steady.

Though for this 12 months the Group experienced predicted a bigger seasonality among the 1st and second semester, functioning margin was decrease than expected in the 1st semester at c. five.five{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d}. Thinking of the revenue adjustment around the comprehensive 12 months, impacting legacy actions with a very low quick phrase cost overall flexibility, the Group adjusts its functioning margin goal to c. six.{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} for the comprehensive 12 months. As a consequence of this unprecedented effects on the business enterprise, various extraordinary goods (produce-off of belongings, reduction provisions) have been booked underneath “Other Functioning Profits and Expenses”. This line amounted to a complete of c. €-160 million in the 1st semester.

Throughout the 1st semester, no cost hard cash circulation amounted to c. €-364 million compared to €-172 million in the course of 2020 1st semester. Free hard cash circulation was largely impacted by performing funds and in specific by a reduction in hard cash in progress from shoppers. Transferring forward, the Group decides to lower hard cash in progress from shoppers. The altered goal for 2021 is a favourable no cost hard cash circulation, to mirror the impacts from the functioning margin goal reduction, and performing funds, far more particularly on consumer progress payments. The new goal also assumes the overall a person-off € 180 million hard cash outflow in 2021 for the German turnaround system (see down below).

Transformation agenda and mid-phrase targets

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

In specific, the strategic portfolio review of non-core belongings is staying finalized and the Group will talk on its conclusions on July 28, 2021, so as to move to execution quickly.

Negotiations with social partners relating to the needed turnaround of the German infrastructure business enterprise have concluded to a restructuring system of c. one,three hundred persons, supplying an added one{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} functioning margin at Group degree mid-phrase. The system will be detailed on July 28, 2021.

Just after a 12 months of changeover in 2021, the Group expects to strengthen on all its KPIs in 2022 and maintains its mid phrase targets of revenue progress at consistent forex from +five{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} to +7{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d}, functioning margin fee from eleven{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} to 12{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} and no cost hard cash circulation conversion above sixty{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d}.

North The united states Audit Comply with up

With regards to the audit of the US authorized entities, the Group determined in April this 12 months to execute a comprehensive accounting review of people entities as of December 31, 2020, supported by external advisors.

This do the job is staying finalized and at this phase misstatements discovered are not material. The auditors’ do the job is also ongoing as aspect of their fifty percent 12 months review.

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

Other than, the remediation and avoidance system has been finalized and is staying rolled out.

Appendix

 

Adjusted Aims

(July 12, 2021)

Original Aims

(February 18, 2021)

Revenue progress at consistent forex Secure +3.five{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} to +four.{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d}
{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} Functioning Margin to revenue c. six.{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} nine.four{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} to nine.8{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d}
Free Income Stream Positive €550 to €600 million

 

The Administration of Atos invitations you to an international meeting call, on Monday, July 12, 2021 at 08:00 am (CET – Paris).

You can sign up for the webcast of the meeting:

  • by using 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. Please be aware that if you want to sign up for the webcast by telephone, you ought to sign-up in progress of the meeting using the following website link: http://emea.directeventreg.com/registration/9249267
    Upon registration, you will be furnished with Participant Dial In Numbers, a Immediate Occasion Passcode and a exceptional Registrant ID. Throughout the 10 minutes prior to the commencing of the call, you will require to use the meeting access info furnished in the e mail been given on registration.

Just after the meeting, a replay of the webcast will be readily available on atos.web, in the Traders area.

The press launch will be issued on Monday, July 12, 2021 at 07:30 am (CET – Paris).

 

Forthcoming situations

July 28, 2021               Initial semester 2021 benefits

Oct 21, 2021         3rd quarter 2021 revenue

Download the press launch in pdf 

Contacts

Investor Relations:

Gilles Arditti – +33 six eleven 69 81 74 –  [email protected]

Media:

Anette Rey –  +33 six 69 79 84 88 – [email protected]

About Atos

Atos is a international leader in electronic transformation with one zero five,000 staff members and once-a-year revenue of around € eleven billion. European quantity a person in cybersecurity, cloud and substantial functionality computing, the Group supplies customized conclude-to-conclude answers for all industries in seventy one international locations. A pioneer in decarbonization products and services and goods, Atos is committed to a safe and decarbonized electronic for its shoppers. Atos operates underneath the makes Atos and Atos|Syntel. Atos is a SE (Societas Europaea), outlined on the CAC40 Paris inventory index.

The intent of Atos is to assistance layout the future of the info space. Its know-how and products and services aid the progress of expertise, instruction and investigate in a multicultural strategy and lead to the progress of scientific and technological excellence. Throughout the globe, the Group permits its shoppers and staff members, and members of societies at large to dwell, do the job and acquire sustainably, in a protected and safe info space.

Disclaimers

This doc incorporates forward-seeking statements that involve dangers and uncertainties, such as references, about the Group’s expected progress and profitability in the future which could substantially effects the expected functionality indicated in the forward-seeking statements. These dangers and uncertainties are connected to things out of the control of the Corporation and not precisely believed, such as current market circumstances or competition behaviors. Any forward-seeking statements created in this doc are statements about Atos’ beliefs and expectations and need to be evaluated as such. Ahead-seeking statements include statements that could relate to Atos’ options, targets, approaches, plans, future situations, future revenues or synergies, or functionality, and other info that is not historic info. Genuine situations or benefits could differ from people explained in this doc due to a quantity of dangers and uncertainties that are explained in the 2020 Common Registration Doc submitted with the Autorité des Marchés Financiers (AMF) on April 7, 2021 underneath the registration quantity D.21-0269. Atos does not undertake, and particularly disclaims, any obligation or accountability to update or amend any of the info above besides as if not required by legislation. This doc does not contain or constitute an present 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 money statements for the 12 months ended December 31, 2020, had been permitted by the Board of Administrators on February 17, 2021. Next their audit methods on the consolidated money statements for the 12 months ended December 31, 2020, the statutory auditors issued on April one, 2021 a capable opinion due to a limitation on the scope of the audit as two US authorized entities representing eleven{bcdc0d62f3e776dc94790ed5d1b431758068d4852e7f370e2bcf45b6c3b9404d} of 2020 consolidated revenue that call for added diligences. For the sake of clarity, besides for the qualification included in the statutory auditors’ report on the consolidated money statements for the 12 months ended December 31, 2020, the Group consolidated money statements are audited and the money statements included in the Common Registration Doc are unchanged compared to the edition released by the Corporation on February 18, 2021. As of now, the Group has not discovered misstatements on the two US entities that are material for the consolidated money statements.

Revenue natural and organic progress is presented at consistent scope and exchange prices.

Industries include Production (Aerospace, Automotive, Chemical compounds, Buyer Packaged Merchandise (Foods & Beverage), Discrete Production, Method Industries, Providers and Siemens), Money Providers & Insurance plan (Insurance plan, Banking & Money Providers, and Enterprise Transformation Providers), Community Sector & Defense (Defense, Training, Extraterritorial Corporations, Community Administration, Community Community Providers and Important Events), Telecom, Media & Technology (Significant Tech & Engineering, Media, and Telecom), Methods & Providers (Energy, Retail, Transportation & Hospitality, and Utilities) and Health care & Everyday living Sciences (Health care and Pharmaceutical).

Regional Enterprise Units include North The united states (United states, 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 Expanding Marketplaces such as 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 Coastline, Kenya, Kingdom of Saudi Arabia, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, Turkey and UAE), Important Events and Worldwide Delivery Facilities.